Category: Business

Gov Sani Bello seeks Cooperation In Technology Transfer Between Nigeria, Turkey

Emporium Reporters

Niger State Governor and Chairman North Central States Governor’s Forum (NCSGF), Abubakar Sani Bello has described Nigeria-Turkey bilateral relationship as mutually beneficial. The Governor, who spoke at the Turkish-Nigeria Business Congress (TNBC) held in Istanbul, Turkey,identified technology transfer as fundamentally necessary to the growth and development of Nigeria, stressed the need for cooperation with the Turkish government in that direction. He said investment opportunities abound in Nigeria, but that the courage to take positive economic decision, open up and the will to invest in various aspect of comparative advantage by…

Nigeria’s eNaira Platform records One Million hits ahead of October launch

Emporium Reporters

A few hours after the official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, enaira.com, went live, it has recorded over one million hits. This comes one week before the planned launch of the initiative.   The development could pass as a reflection of the level of interest in the proposed digital currency.   According to information made available on the website, the digital currency will ensure easier financial transactions for users of eNaira. It offers the opportunity for peer-to-peer payments which allow users to send money to one…

Gov Sule identifies infrastructure as major challenge confronting investors in Nigeria

Emporium Reporters

Nasarawa State Governor, Engineer Abdullahi Sule, has identified infrastructure, as major challenge confronting investors in the country. Engineer Sule made this known, Tuesday, in a chat with journalists, shortly after undertaking a tour of a facility owned by the Halibis Industries, a private firm owned by an indigene of Nasarawa State, operating in Abuja. The governor, who spoke from his experience in the organized private sector, specifically identified lack of good motorable roads, power supply, capital, among others, as factors responsible for the high cost of production in Nigeria. According…

Oyetola inaugurates One Stop Shop to fine-tune Ease of Doing Business

Emporium Reporters

As part of his Administration’s efforts to radically transform the economy and crystallise development, The Governor of the State of Osun, Adegboyega Oyetola has inaugurated One-Stop-Shop to fine-tune and accelerate ease of doing business in the State. He said the initiative was part of the cardinal objectives of the administration to ensure a friendly environment for commerce, business, investment, and to promote economic growth, prosperity and impactful development within the State. The One Stop Shop is designed to serve as a place where critical partners and agencies that would manage end-to-end…

$500m Tunga sugar refinery ‘ll produce 90 megawatts, creates over 150, 000 jobs – Dangote 

Emporium Reporters

President, Dangote Group, Alhaji Aliko Dangote, said close to $500m have been expended on the Dangote Sugar Refinery in Tunga, Nasarawa State, with the project when completed, expected to generate 90 megawatts of power, as well as provide direct employment for thousands. Alhaji Dangote disclosed this when he led the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, as well as the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, on a tour of the facility, on Thursday. According to him, when the project fully takes off,…

DANGOTE, BUA AND MATTERS ARISING By Abba Dukawa

Emporium Reporters

Last December China’s State Administration for Market Regulation (SAMR) announced that it was investigating Alibaba for alleged monopolistic business practices. The investigation came when SAMR realised that he had abused its market dominance when punished merchants if they didn’t sell their merchandise exclusively on its platforms through a practice dubbed “er xuan yi,” which means “choose one out of two.” Just last Saturday SAMR fine Alibaba $2.8 Billion For Abusing Its Dominant Market Position.   This is how supervision agencies of businesses of any country should be by protecting all.…

RAMADAN: BUA moves to curb commodities price hike 

Emporium Reporters

By Abba Dukawa The Chairman BUA companies, Alhaji Abdulsamad Isyaku Rabiu has assured the Nigerians that his company have provided enough commodities that would cater for all Northern states during and after Ramadan period aimed at alleviating the hardship faced by many Nigerians. Alhaji Rabiu who was represented by his representative in the Northern region, Alhaji Mohammad Adakawa stated this during an interview with journalists in Kano. Adakawa who is a renowned business man at Singer market Kano ,said BUA group of companies had produced tonnes of Sugar, Spaghetti, flour…

Regulate SMEs with human face, Blue Diamonds CEO urges govt

Emporium Reporters

Chief Executive Officer of a leading multipurpose  investment organisation, Blue Diamonds, Mr Raphael Chukwujekwu, has stated that only regulation with human face can create an enabling environment for small and medium enterprises to thrive in the country. Mr Chukwujekwu who made this remark at the unveiling of a new product, Smart Blue Money Mobile App in Abuja at the weekend,advised government at all levels not to introduce counter productive regulations capable of stifling smes and killing young people’s initiatives According to Chukwujekwu, government can make the environment business-friendly such that…

Telecoms Sector, others take Nigeria out of Recession as Sector Boosts GDP by 12.45%

Emporium Reporters

Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 percent to the country’s Gross Domestic Product (GDP).   According to the latest data released by the National Bureau of Statistics (NBS), telecommunications & Information Services under Information and Communication grew by 17.64 per cent in Q4 2020 from 17.36 per cent in Q3 2020 and 10.26 per cent in Q4 2019.   In the latest NBS report, agriculture,…