Category: Business

COVID-19: AWEP To Promote Business Growth, Increase Trade

Emporium Reporters

The African Women Entrepreneurship Programme (AWEP) Nigeria chapter has reiterated the commitment of the organisation to promote business growth, increase trade by creating better business environments and empower Nigerian women entrepreneurs amidst the effect of COVID-19 in the country. A statement made available to Journalists yesterday in Abuja, the national president, AWEP, Mrs Angela Ajala, said such efforts to promote business growth will be achieved via providing technical and financial training, export training, mentorship and access to finance through several business partners and a clear path to local and international…

FG to slash levy on imported cars from 35% to 5%

Emporium Reporters

The federal government of Nigeria has concluded plans to slash the levy to be paid on imported cars from 35 percent to five percent, according to a new bill to be presented to the national assembly.   The bill which will come as a welcome development to Nigerians who have been financially impacted by a 2020 year plagued by the Coronavirus pandemic, is contained in the draft bill of the 2020 finance bill to be presented to the national assembly. Once the bill has been passed by the legislature and…

We slashed taxes to make Nigeria’s business environment friendlier -Osinbajo

Emporium Reporters

Like it did last year offering a range of tax incentives to Nigerians through the Finance Bill later passed into law, the Buhari administration is again offering more this year through the 2020 Finance Bill so as to attract more incentives and make doing business in Nigeria more competitive. Vice President Yemi Osinbajo, stated this on Friday at the third edition of the Nigeria Diaspora Investment Summit which was held virtually, featured several Nigerians and prospective investors from the Diaspora. Speaking specifically about how the Federal Government has been able…

Nigerian Economic Summit holds Nov 23

Emporium Reporters

The Nigerian Economic Summit Group (NESG) and the Federal Ministry of Finance, Budget and National Planning have announced that the rescheduled 26th Nigerian Economic Summit (NES#26) will now hold on November 23rd – 24th 2020. The Summit with the theme “Building Partnerships for Resilience”, will convene national and global policy makers, business leaders, development partners and scholars to lead and participate in sessions that will focus on strategic partnerships between the youth, governments, private sector and the civil society to build resilience for Nigeria’s households, businesses and economy. A joint statement from the Nigerian Economic…

ITMB PLC bags 2020 Best Mortgage Bank Award

Emporium Reporters

Infinity Trust Mortgage Bank Plc, a leading Nigerian Mortgage Bank, has won the 2020 Global Banking and Finance Awards. This was announced in a letter confirming the Bank as winner of the 2020 Global Banking and Finance Awards winners ; Best Mortgage Bank in Nigeria category. The awards, which was published in the website of the Magazine, was based on the performances of banks in their respective regions and countries ITMB PLC is the first mortgage bank in Nigeria to win this prestigious award. Global Banking and Finance Awards was…

#ENDSARS: Kwara Govt to support  looted businesses with N500m ·       as Gov AbdulRazaq visits affected Malls,commends security agencies

Emporium Reporters

Kwara State Governor ,AbdulRahman AbdulRazaq has again condemned “the mindless looting” of people’s businesses in the state capital on Friday, insisted there can be no justification for such criminal behaviour. He commiserated with owners of all the businesses affected and announced a N500m fund to assist them as part of the administration’s efforts to bring them back on their feet following the incident. In a visit to the Kwara Mall and Agro Mall on Saturday evening, the Governor said the incident may bring businesses to their knees, and cause massive…

Petrol price may drop this month – Marketers

Emporium Reporters

The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday. According to them, since the cost of petrol has been largely determined by the price of crude oil, the recent marginal plunge in crude oil cost could lead to a drop in petrol price in Nigeria. Findings by our correspondent on Sunday showed that Brent, the global benchmark against which Nigeria’s crude is priced, dropped in price by $1.66 or 4.06 per cent as at 13.20pm…

Nigeria’s External Reserves Hit $35.72bn In September

Emporium Reporters

The country’s foreign reserves stood at $35.723bn as of September 29, according to the Central Bank of Nigeria.   The CBN disclosed that the reserves, which had continued to rise and fall in recent weeks, stood at $35.67bn as of September 1 and rose to $35.81bn as of September 17.   The reserves rose by $65m from $35.59bn as of August 20 to $35.66bn as of August 27.   It had earlier lost $278.91m from $35.87bn on July 29 to $35.59bn on August 19 after which it returned to a…

Kwara appoints new Directors for KW-IRS

Emporium Reporters

The Kwara State Government has announced the appointment of Omolara Mulikat Ojulari and Olatunji Ahmed Balogun as new full-fledged Directors for the Kwara State Internal Revenue Service (KW-IRS). The appointment takes effect immediately. Omolara Mulikat Ojulari is a seasoned Revenue Administrator. She holds B.Sc. in Actuarial Science at the University of Lagos and M.Sc. Accounting and Finance at the London Southbank University, United Kingdom. She is an Associate of Chartered and Certified Accountants (England and Wales), Associate Member, Institute of Chartered Accountants of Nigeria (ICAN) and Associate member, Chartered Institute…

We’ll encourage private entrepreneurs … Oyo Speaker assures Motor Dealers Association

Emporium Reporters

 The Oyo State Government has expressed its readiness to provide enabling environment and support for private businesses to grow In line with its  policy of growing the economy and  promoting entrepreneurship. The Speaker Oyo State House of Assembly, Hon Adebo Ogundoyin stated this when members of Motor Dealers Association of Nigeria (MODAN), Oyo State Chapter led by their Chairman, Alh Sulaiman Musibau (Maito) visited him in his office. The Speaker noted that the contributions of private business owners to the growth of any economy cannot be underestimated hence, Oyo State…