Category Archives: Business News

SON Boosts Export of Nigerians Agricultural Products

LAGOS – The Standards Organisation of Nigeria (SON) is set to boost exports of Nigerian products through the avenue of standardisation. This the agency has started doing through  the staff certification programme recently held in Lagos. Determined to raise the

Ogun Customs Goes Tough over Import, export duties, others

ABEOKUTA—THE Nigeria Customs Service has read a riot act to investors in Ogun State, especially in the Ogun-Guangdong Free Trade Zone over import duty, declaring that no one would be allowed to either import or export anything into or out

FG To Encourage Local Producers of Marble, Granite

Serious local investors and producers of high quality marble and granite products and local contents would be supported by the Federal Government to scale up their production. The Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari,

Exporting Wealth, Importing Poverty Won’t Help Nigeria’s Economy – NEPZA MD

Mr Gbenga Kuye is the managing director, Nigeria Export Processing Zones Authority (NEPZA). In this interview with KINGSLEY ALU, he discusses how the export processing zones are being repositioned to drive the economic diversification agenda of the federal government, the

Cashew Export Can Generate $4.5bn Annually For Nigeria – NEPC

Nigeria can generate 4.5 billion dollars annually from cashew exportation, executive director, Nigerian Export Promotion Council, Mr Olusegun Awolowo, has said. Awolowo announced this in a press statement by head, Corporate Communications of the council, Mr Joe Itah, in Abuja,

Dangote Will Be Largest Exporter Of Rice In 5 Years – AfDB

President of African Development Bank (AfDB), Akinwumi Adesina, has predicted that business mogul, Aliko Dangote, may become the largest exporter of rice globally in the next five years. He said Africa must focus on agriculture to drive growth and create

Fed Govt to halt Export of Unprocessed Minerals from Nigeria

The Federal Governm is taking measures to check the export of unprocessed solid minerals, the Minister of Mines and Steel Development, Dr Kayode Fayemi, has said. Fayemi said the government is currently working with the Nigerian Customs Service (NCS) and

BoI’s youth entrepreneurship scheme: Our experience, by beneficiaries

THE N10 billion Youth Entrepreneurship Support (YES) programme is a scheme initiated by the Bank of Industry (BoI) to tackle the phenomenon of youth unemployment in Nigeria by developing the capacity of the youths and funding their business ideas. The

Brass Fertiliser methanol plant to create 20,000 jobs — Vice Chairman

BRASS FERTILISER & Petrochemical Company Limited (BFPCL), says its $6 billion methanol plant has capacity to create 20,000 jobs in the host community. The Brass Fertiliser plant is located in Brass Island, Bayelsa State. In a statement, Chief Ben Okoye,

Anambra State Set to boost MSMEs with N3bn in 2017

THE Anambra State government plans to generate over N3 billion in 2017 to assist the Micro, Small and Medium Enterprises (MSMEs) sector in the state. Managing Director, Anambra State Small Business Agency, ASBA, Mr Clement Chukwuka, said, in Awka, that

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