Nigeria’s president signs executive order to improve local content, employment
Businessam Staff
February 6, 2018
Nigeria’s President Muhammadu Buhari signed an executive order Monday aimed at boosting the domestic production of goods and creating jobs in science, technology and engineering in the country. The president, in an effort to ending the OPEC member’s dependence on oil exports, said the order related to the planning and execution of projects related to […]
Nigeria, Australia trade hits N100bn in 2yrs
Ajose SehindemiJanuary 25, 2018
Paul Lehmann, Australian High Commissioner to Nigeria, Thursday announced that trade transactions between Australia and Nigeria in the last two years amounted to about N100 billion. Lehmann said trade relations between both countries in 2016 and 2017 were worth about AUD$343 million, approximately about N100bn. He said this in Lagos, Nigeria’s commercial capital The High […]
Nigeria’s unemployment figures indicate crisis in national economy, says union boss
Ajose SehindemiJanuary 23, 2018
Issa Aremu, general secretary, National Union of Garments and Textile Workers of Nigeria (NUGTWN) and vice president of Industrial Global Union (IGU) has said the latest unemployment figures in the country indicate crisis in the management of the economy. Aremu said the latest figures by the National Bureau of Statistics (NBS), which showed that 7.53 […]
Nigeria’s ICRC to resolve concession disputes between FAAN, MMA2
Ajose SehindemiJanuary 22, 2018
The Infrastructure Concession Regulatory Commission (ICRC) said it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services is resolved. The commission, which is saddled with the responsibility of monitoring and ensuring the efficient execution of all Public-Private Partnership (PPP) projects entered […]
Nigerian-Indonesian chamber to raise trade volume between both countries to $3.5bn
Andy NssienJanuary 18, 2018
The Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) has indicated that it would increase the volume of trade between Nigeria and Indonesia to $3.5 billion in 2018. Ishmael Balogun, president of NICCI, who stated this at an interview, said trade volume between the two countries, which stood at about $2.5 billion last year would be […]
Nigerian govt releases N750bn 2017 capital budget
Businessam StaffDecember 20, 2017
Nigeria’s Federal Ministry of Finance said it has started the release of N750 billion capital appropriation in the 2017 budget to ministries, departments and agencies (MDAs). Kemi Adeosun, the minister of finance, disclosed this Tuesday while appearing before the Senate committee on finance as part of the 2018 Budget Defence. She said most accounts of […]
Company urges blockchain technology in Nigeria’s gold mining to achieve sustainable economy
Businessam StaffDecember 19, 2017
Africa Mutual Resources, an Australian Company, has appealed to Nigeria to adopt Blockchain Technology in the mining of gold to boost its diversification drive and achieve sustainable economy. Lee Purves, the company’s director, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that blockchain technology, a digital ledger system, smart and transparent technology […]
More French firms to invest in Nigeria
Businessam StaffDecember 14, 2017
A delegation of the Movement of French Business (MEDEF), the first network of entrepreneurs in France, on Wednesday said that Nigeria would continue to attract more French companies. Phillip Labonne, The Head of the Delegation, according to NAN, said at a news conference in Lagos that Nigeria would continue to be a land of investment […]
Nigerian FG, states hit by N25b revenue shortfall
Businessam StaffDecember 8, 2017
The Nigerians States, Federal and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September. The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse said this on Thursday in Abuja while briefing newsmen on the outcome of the monthly Federal Account Allocation Committee (FAAC). […]
Nigeria’s central govt targets key reform initiatives in ERGP to fund 2018 budget
Businessam StaffNovember 15, 2017
Udoma Udo Udoma, Nigeria’s minister for budget and national planning, said Tuesday that the country’s Federal Government will fund the 2018 budget using key reform initiatives contained in the Economic Recovery and Growth Plan (ERGP). The minister said this in Abuja while presenting an overview of the 2018 budget proposal. The budget, tagged “Budget of […]