Business Tips

Buhari Receives Prince Charles, Wife at Aso Rock

President Muhammadu Buhari on Tuesday received Prince Charles and his wife, Princess Camilla at the Presidential Villa, Abuja.

The News Agency of Nigeria reports that Prince Charles and members of his entourage arrived the State House at about 2.20p.m.

Buhari, who welcomed the Prince at the Fore Court of the presidential villa, introduced some members of his cabinet and presidential aides to the prince.

The President later went into closed door with Prince Charles.

Prince Charles, 69, who is on a 3-day visit, had visited Nigeria in 2006.

'Produce Export will Enhance Nigeria’s Trade Balance'

The Chairman of Inter-Agency Committee (IAC) for produce export, Mr Rotimi Anifowose, has said produce export, among other things, would boost the nation’s international trade.

Anifowose, who is also the Area Manager of Nigeria Shippers Council in South-west Zone, speaking on the committee’s stewardship in Lagos, South-West Nigeria, said that for the country to maintain a sound economy, export of primary produce should be enhanced.

FEC okays National Leather Product Policy

The Federal Executive Council (FEC) on Wednesday  approved the National Leather and Leather Product Policy aimed at locally harnessing leather resources into finished products.

The Minister of Science and Technology, Dr Ogbonnaya Onu, made this known while briefing State House correspondents after the FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.

He said that by the policy, Nigeria would locally process leather resources  instead of exporting raw leather or semi-finished leather products.

Foreign Investment: Expert Urges Full Implementation of Local Content Policy

A lecturer from the Department of Political Science, University of Lagos, Dr Isiaka Adams, has said that full implementation of the nation’s local content laws by the Federal and State Governments will attract much more Foreign Direct Investments.

“Our top two tiers need to drive full realisation of our Local Content Policy because such will attract more foreign direct investment (FDI) instead.”

Adams said that fears over drastic reduction in FDI inflow as a result of the policy ware misplaced.

Federal Government to Include Miners in ₦5b Intervention Fund

The Miners Association of Nigeria says the Federal Government has agreed to include its executives in the disbursement of the N5billion mining intervention fund.

Sani Shehu, the President of the association, disclosed this in an interview with news reporters on Sunday in Abuja, Nigeria’s Capital City.

He said this measure by the Ministry of Mines and Steel Development (MMSD) would enhance the effectiveness of the disbursement to genuine miners across the country.

Minimum Wage: FG, Governors meet on Monday

The Minister of Labour and Employment, Dr Chris Ngige, on Friday briefed President Muhammadu Buhari and Vice-President Yemi Osinbajo on the threat by the organised labour to embark on industrial action from Nov. 6.

The threat followed the delay in the implementation of new national minimum wage.

Ngige, who spoke to State House correspondents after the closed door meetings at the Presidential Villa Abuja, said the Economic Management Team would be meeting with state governors to harmonise positions on the ongoing negotiation with labour unions over the issue.

President Buhari Inaugurates New Airport Terminal in Port Harcourt

The Nigeria government is gradually fulfilling the promises it made on the provision of critical infrastructure in all parts of the country.

President Muhammadu Buhari said this on Thursday in Port Harcourt, Rivers State, while inaugurating the new terminal at Port Harcourt International Airport.

President Buhari recalled that he made the pledge to Nigerians when he presented the 2017 appropriation bill to the National Assembly, which comprises representatives of citizens from all parts of the country.

Nigeria, Morocco Partner to Tackle Economic Challenges

Photo/NAN: From L-R Tarik Bouquoquo; Mr Laoye Jaiyeoba, CEO NESG; Mrs Oby Ezekwesili, Senior Economic Advisor, African Economic Development Policy Initiative; Mr Karim El Aynaoui, Managing Director OCP Policy Centre and Mohammed Loulichki, Senior Fellow, OCP Policy Centre at the Morocco-Nigeria Relations Strategic Dialogue in Abuja.

Nigeria and Morocco on Wednesday in Abuja mapped out strategies to tackle various economic challenges confronting both countries.

'Nigerians Spend $8b Annually on Vehicles Importation'

Vice President Yemi Osinbajo said in Abuja that Nigerians spent about 8 billion dollars, annually, on importation of vehicles.

Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair.

“The government is fully committed to industrialisation and the mining sector to enable it create direct and indirect jobs for Nigerians.

E-dividend: Experts Task SEC on Enlightenment

Financial experts on Thursday tasked the Securities and Exchange Commission (SEC) on persistent enlightenment initiatives to boost e-dividend registration presently put at 2.5 million.

The financial experts in interviews with the News Agency of Nigeria (NAN) in Lagos said the apathy of investors towards the exercise was becoming worrisome.

E-dividend refers to online payment of dividends to investors rather than through post, and allows all accrued dividends to be credited to an investor’s bank account directly.