First Bank restates commitment to SMEs, Agric Sector growth

By Elizabeth ADENUGA First Bank of Nigeria Pls has expressed its commitment to the growth of the agricultural value chain and creating opportunities for the Small and Medium Enterprises (SMEs) to thrive in the country. Its Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, made the assertion on Sunday at the fourth edition of Fiesta of Flavours in Lagos. The  Fiesta of Flavours is a food and beverage fair that provides an avenue for participants to fully experience the entertainment, art and business of food. The fair organised by First Bank in…

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IATF: Nigerian professionals in Egypt sponsor four SMEs

By Aliyu DANLADI The Association of Professional Nigerians in Egypt (APNEG) said it would sponsor four Nigerian small businesses to participate in the inaugural Intra-African Trade Fair (IATF) in Cairo from Dec.  11 to 17. The association’s President, Mr Obi Emekekwu, said this in a statement on Friday in Abuja. The trade fair is being organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission. It is be hosted by the government of Egypt and has attracted more than 1,000 registered exhibitors from 41 countries and…

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Rice importation to end in Nigeria by 2020, says JKF

By Elizabeth ADENUGA The Policy Adviser of the John Kufuor Foundation (JKF), Hon. Abraham Dwuma, on Tuesday expressed the belief that rice importation into the country would end by 2020. Dwuma said in Ilorin that the Africa Rice Advocacy Platform (ARAP) under the JKF had  created a rice value chain to achieve this. He said the purpose of the platform was for Africa to achieve zero importation of rice. ”Two years from now, Nigeria should have no business importing rice because I have travelled the length and breadth of the…

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Trade: FG tasks West African countries on monetary policies, equal treatment, opportunities for citizens

By Kunle SHONUGA The Federal Government has urged West African Countries to harmonise their fiscal and monetary policies to ensure free trade in the region. The Federal Government also stressed the need for equal treatment of citizens of member states who owned investments and enterprises within the sub-region. The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, said this while addressing members at the 9th West African Monetary Zone (WAMZ) Ministers’ Forum in Abuja on Friday. The theme of this year’s forum was “Harnessing Intra-West Africa Monetary ZoneTrade Potential…

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Osinbajo excites Apo artisans with MarketMoni

By Thompson ABISOLA Vice President Yemi Osinbajo on Wednesday inaugurated the MarketMoni scheme at the Apo Mechanic Village, Abuja. MarketMoni is an offshoot of the Government Enterprise and Empowerment Programme (GEEP). It is designed to provide loans to market women and traders, artisans, enterprising youths and small scale farmers and agric workers nationwide. The interest free facility ranges from N50,000 to N100,000 and is repayable within six months. Osinbajo, who was received by a cheering crowd, said that when the artisans were empowered, the Federal Government would empower more people…

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BOI disburses N277. 89bn to 219,000 enterprises –Perm Sec.

By Thompson ABISOLA The Permanent Secretary, Federal Ministry of Industry, Trade and Investment,  Mr Edet Akpan, says Bank of Industry has disbursed N277.89 billion to 219,515 enterprises across the country since the inception of the present administration. Akpan said this in his opening remark at the commencement of the 10th National Council on Industry, Trade and Investment in Umuahia on Tuesday. He said that the money was Federal Government’s intervention to ensure sustainable growth and development of the industrial sector. He said that the intervention had resulted in the creation…

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NGSG procures N1.243bn worth of fertilizer for farmers in 2 years

By Elizabeth ADENUGA The Niger government has procured N1.243 billion worth of  fertilizer for distribution to farmers in the last two years, according to Malam Haruna Dukku, the Commissioner for Agriculture and Rural Development. Dukku told newsmen on Monday in Minna that a total of 19,710 metric tons of the commodity were procured during the period, He said that the fertilizer was sold to farmers at “highly subsidized rates”. According to him, the state government, in 2017, distributed 4,000 metric tons of NPK fertilizers allocated to it under the Federal…

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African Industralisation Day: Economists say technology, industralisation, local content, ways to economic growth

By Aliyu DANLADI As Nigeria joins the rest of Africa to celebrate the African Industralisation Day, some economists said embracing technology, promoting local content and industralisation can foster the growth of the country’s economy. The economists said this on Tuesday in Abuja. The 2018 African Industralisation Day has its theme as “Promoting Regional Value Chains in Africa: A pathway for accelerating Africa’s structural transformation, industralisation and pharmaceutical production”. The day was adopted by the UN General Assembly in 1989 to enable African governments to examine ways to stimulate industralisation process…

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Association decries multiple taxation, threatens nationwide boycott of food evacuation

By Giwa SHILE Federated Foodstuff Dealers Association of Nigeria (FFEDAN) has warned of a looming food scarcity if the activities of `official and unofficial touts’ along Nigerian roads are not checked by appropriate authorities. The National President of FFEDAN, Prince Christian Afiaunwu, told newsmen in Enugu on Sunday that the association would stop its members from evacuating food and farm produce nationwide. Afiaunwu said that the move had become necessary in order to draw Federal Government’s attention to touts blocking its members and extorting monies from them; as well as…

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Entrepreneur outlines four ceramic products to change Nigeria’s economy

By Aliyu DANLADI Chief Executive Officer, EPINA Technologies Ltd, Prof. Patrick Oaikhinan, on Friday outlined four ceramic products that would change Nigeria’s economy for good. Oaikhinan, in a statement, said that the thought of ceramics in Nigeria makes one to flash back to the thought of pottery or of fine art in China. According to him, what many do not realise is that ceramics is used for everything, from screws to laboratory equipment. “The ceramic industry is vast, creating products used by everyone in the world and there are some…

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