Saturday, February 17, 2018

Tag "Business"

    Human trafficking is the biggest int’l business, says NAPTIP DG

Human trafficking is the biggest int’l business, says NAPTIP DG

Julie Okah-Donli, director general of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), says human trafficking is the most financially buoyant business in the international sphere. Okah- Donli says she believes that the crime fetches more money that drug peddling and money laundering.Speaking in a documentary by The Osasu Show, Okah-Donli said the vice has been on an [...]

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    Nigerian businessman jailed for ‘swindling UK public services of £13m’

Nigerian businessman jailed for ‘swindling UK public services of £13m’

Walter Wagbatsoma, a Nigerian businessman, has been jailed for three years and six months in the UK.The jail term is for his alleged role in an international conspiracy which defrauded the UK public services, including Lincolnshire's mental health NHS trust, of over £13m.Wagbatsoma, 47, and his co-conspirators reportedly rang up hospitals, councils, schools and housing associations, posing as a legitimate [...]

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    Investors confidence soars as FX window records $1.323bn transactions

Investors confidence soars as FX window records $1.323bn transactions

Trading results from the FMDQ OTC Securities Exchange, has shown that foreign exchange trading at the investors' and exporters' (I & E) window recorded an unprecedented high.The total market turnover rose to $1.323 billion from $803.1million in just one week.The surge in activities at the I & E window was linked to offshore investor interest in treasury bills and the primary [...]

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    Low raw materials cost, improved FX push Honeywell profit by N8.35bn

Low raw materials cost, improved FX push Honeywell profit by N8.35bn

Honeywell Flour Mills Plc (HFMP), a leading food production company in Nigeria, has released its audited financial results for the full year which ended on March 31, 2017.At its just concluded 8th annual general meeting (AGM), held on Friday, the company announced an impressive 191 percent increase in gross profit from N4.36 billion to N12.71 billion in the financial year [...]

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    French businesses expected to come to Nigeria, says envoy

French businesses expected to come to Nigeria, says envoy

France has pledged to strengthen bilateral trade and investment cooperation with Nigeria.Denys Gauer, ambassador of France to Nigeria, made this known during the French national day celebration which took place at the Transcorp Hilton in Abuja on Friday.Gauer said that Nigeria was France’s strongest African trading partner and that the government of France had taken measures to help Nigeria diversify [...]

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    IT firm launches web services to ‘enhance business productivity’

IT firm launches web services to ‘enhance business productivity’

Infohob Technology, a leading provider of web services, has launched a selection of communication services that offer business owners and managers a way to stay connected with their clients and enhance their online presence.According to a statement by Tony Ayabam, founder, Infohob, these services encompass flexible and secure business emails, apps for businesses, personalised domain names, cloud storage and data [...]

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    We’ve implemented 60 percent of Osinbajo’s executive order, says FAAN

We’ve implemented 60 percent of Osinbajo’s executive order, says FAAN

The Federal Airports Authority of Nigeria (FAAN) says it has implemented 60 percent of the executive order on “the Ease of Doing Business in Nigeria.’’On May 18, Acting President Yemi Osinbajo signed three far-reaching executive orders expected to ease business, fast-track budget submission and promote made in Nigeria products.Speaking at the Murtala Muhammed International Airport, Lagos, on Monday, Saleh Dunoma, [...]

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    Osinbajo: Fasting and prayer won’t grow our economy

Osinbajo: Fasting and prayer won’t grow our economy

Acting President Yemi Osinbajo says Nigeria’s economy will not grow by fasting and prayer but by the collective effort of all citizens.Speaking with heads of ministries, departments and agencies at the state house on Wednesday, Osinbajo, who is a pastor, urged government officials to be the drivers of transparency and efficiency in doing business in the country.He spoke on the [...]

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    Entrepreneur gets instant business certificate from Osinbajo

Entrepreneur gets instant business certificate from Osinbajo

Acting President Yemi Osinbajo on Thursday presented a certificate of incorporation to an entrepreneur minutes after she registered her business at the micro small and medium enterprises (MSMEs) clinic in Katsina.This is in keeping with the new policy of the Corporate Affairs Commission (CAC) for easy business registration.The CAC reduced the number of days to register a business from seven [...]

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    INTERVIEW: We’ll keep MDAs on their toes, says PEBEC secretary

INTERVIEW: We’ll keep MDAs on their toes, says PEBEC secretary

Jumoke Oduwole, senior special assistant to the president on industry, trade and investment, and secretary of the Presidential Enabling Business Environment Council (PEBEC), says the government is committed to implementing reforms that will make doing business in the country easy.  In an interview with TheCable, Oduwole said reforms in this regard were already yielding results.TheCable: One of the focus areas [...]

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    We did NOT steal the proposal of any company, says Etisalat

We did NOT steal the proposal of any company, says Etisalat

The management of Etisalat Nigeria has denied the claim by V-Exchange limited  that it infringed on the copyright of a business proposal.The management of V-Exchange had claimed that it sent a business proposal dated October 27, 2016 to Etisalat and subsequently met with Etisalat’s representatives on November 23 2016.It added that it informed Etisalat of some of its products with [...]

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    Gold – the good, the bad, and the ugly

Gold – the good, the bad, and the ugly

Weak economies are more vulnerable to uncertainty, political extremes and populism, post-World-War Germany and Russia proved this beyond a doubt. The Gold price tracks economic uncertainty, and by that token, it also tracks the outer reaches of the populist pendulum.The more uncertainty there is over the economy, the more extreme are the pendulum’s swings to the left or right, [...]

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    Fayemi offers three-year tax holiday to mining companies

Fayemi offers three-year tax holiday to mining companies

Kayode Fayemi, minister of mines and steel development, says investors in the mining sector will be getting a three-year tax holiday and waivers on import duties.Speaking to prospective investors at the opening session of the ongoing Africa Down Under Conference in Perth, Australia, Fayemi expressed Nigeria's determination to return stronger to the global ore and mineral market.According to a statement [...]

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    If Buhari really wants investors…

If Buhari really wants investors…

It was nice seeing President Muhammadu Buhari in Qatar the other day "toasting" the country's businessmen to come and invest in Nigeria. "All impediments like delayed processing of permits, multiple taxation, and corrupt practices, would be removed," he said. It reminds me of how my mates used to chase girls in those teenage years. "For your love, I will swim [...]

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    France FM sleeping on duty

France FM sleeping on duty

France Foreign Minister Laurent Fabius caught on camera dozing at an Algerian business meeting. Source: EnnaharTV Algerie [...]

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Exchange Rates

Feb 16, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS364497448
KANO364495430
PH363498435
ABUJA365497434
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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