Category Archives: Business News

Why Nigerian Customs will Continue Physically Examine Of Cargo

Lagos – The Nigeria Customs Service, NCS, has said that it will continue physical examination of cargo for now because scanners which should aid e-examination are broken down.

Acting Comptroller General of Customs, ACG, in charge of Zone “A”, Charles Edike, who disclosed this in Lagos, said that the Service has no choice but to rely on physical examination as the scanners left by the Service Providers engaged by the Federal Government to provide and maintain them were “rotten.”

Why Government is Giving Akwa-Ibom Market Women Interest Free Loan — Gov Udom

UYO – As the government of Akwa Ibom State continues to put measures in place to boost industrial development in the state, Governor Udom Emmanuel has explained the rationale behind the interest free loan scheme, designed to boost the growth of Small and Medium Enterprises (SMEs) in the area.

Speaking, the governor stressed that the scheme was initiated to stimulate economic activities in the state, in order to create jobs for the people, especially the youths who need to be meaningfully engaged in productive activities. “We also create an enabling business environment for investors to operate, in order to boost economic activities in the state.

Starting Business in Nigeria Getting More Difficult – World Bank

Starting Business in Nigeria Getting More Difficult – World Bank.
STARTING a business in Nigeria has become more cumbersome over the last one year, according to “Doing Business”, an annual report by the World Bank Group measuring the regulations that enhance business activity in 189 economies and those that constrain it.

According to the “Doing Business 2016”, the 13th in the series of the annual reports, ranking by ease of starting a business moved the country down 8 places from 131 to 139; access to credit also moved down 7 places from 52 to 59; while access to electricity moved 1 place down from 181 to 182.

Agriculture Ministry Lauds Firm’s’ Value Creation Efforts

Abuja – Arc. Sonny Echono,a former Permanent Secretary, Ministry of Agriculture and Rural Development, has lauded the efforts of Primlaks Group, producers of the Sympli brand of convenience foods, for raising the bar of innovation and value addition to Nigeria’s indigenous foods.

Echono gave the commendation during his visit to the Sympli exhibition stand at the just concluded 2015 FOODBEXT WEST AFRICA Exhibition in Lagos where he tasted Sympli yam fries and plantain chips to the delight of visitors and other stakeholders.

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