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…
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…
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has submitted a formal plea to Ekiti State Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, seeking the grant of clemency for Olayinka Afolalu, who has been in prison custody for 23 years. Afolalu was arrested on April 27, 2002, in Ilawe Ekiti…
Kenya Airways officials have tendered an unreserved apology to the Nigeria Civil Aviation Authority (NCAA) and a Nigerian passenger, Gloria Omisore, following a complaint of mistreatment during a recent flight. The airline also retracted previous statements regarding the incident, admitting fault for allowing Omisore to board a flight from Lagos without the necessary transit visa….
