A program for mid-stage entrepreneurs in Nigeria and other parts of Africa, Cascador, has restated its goal of transforming the economic future of the continent. Its Founder, Dave DeLucia, in an overview of Cascador 2024 Program, said the vision of the initiative extends beyond producing individual successes but building a network of leaders that would…
Nestlé Nigeria has announced an investment of over ₦1.8 billion in dairy development, significantly improving the livelihoods of pastoralists in the Paikon Kore Grazing Reserve, Federal Capital Territory (FCT). Speaking at the launch of the Nestlé Dairy Demonstration Farm in Paikon Kore, Abuja, the Managing Director and CEO of Nestlé Nigeria Plc, Wassim Elhusseini, reiterated…
Local manufacturers, acting under the aegis of Manufacturers Association of Nigeria (MAN) and Trade Union Congress (TUC) have rejected the proposed electricity tariff hike. They say the hike will seriously hurt the economy because local products will not be competitive with imported goods. MAN said incessant increase in electricity tariff is hindering the sector’s performance…
Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year. Rather, they urged the NCS to engage in wider consultation. Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend…
As Nigerians await the implementation of the 50 per cent telecoms tariff hike approved by the Federal Government through its agency, the Nigerian Communications Commission (NCC); another four per cent hike by the Nigerian Customs Service (NCS) and yet another 65 per cent from the electricity sector, the citizens were dazed with another 15 per…
The Federal Government has announced a N1 trillion real estate funds aimed at facilitating home ownership through the provision of low-interest loans at a 12per cent interest rate. This initiative is designed to make housing more affordable by offering financing options below the prevailing market rates. The fund is expected to stimulate the housing market…
Chairman, United Bank for Africa (UBA) Group Tony Elumelu has disclosed why he diversified from banking sector to oil & gas, power, healthcare, technology among other sectors of the economy. Speaking at the Legacy Builders Palm Beach Conference held in Florida, United States, on the theme: “Democratising Luck”, Elumelu said Africa remained a continent of…
Country Director for Nigeria at the World Bank, Dr. Ndiame Diop, has said Nigeria still remained the largest economy in Africa by Gross Domestic Product (GDP) despite the challenges faced by its private sector. Speaking at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja on Thursday, Dr. Diop said while Nigeria receives…
Schneider Electric has emerged the World’s Most Sustainable Corporation 2025 by Corporate Knights. It is the only company to rank first in the Global 100 twice, a rare feat. Reputed to be leader in the digital transformation of energy management and automation, the company previously topped this annual list of the most sustainable publicly listed…
