Wednesday, November 14, 2018

Tag "ease of doing business"

    Nigeria drops on World Bank’s Ease of Doing Business ranking

Nigeria drops on World Bank’s Ease of Doing Business ranking

Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking.The bank released the report themed 'Doing Business 2019: A Year of Record Reforms, Rising' on Wednesday.In the 2017 edition of the report, Nigeria moved 24 places from its 2016 spot of 169 to 145.In the 2018 edition, Nigeria ranked 146. Mali took Nigeria's 2017 spot.The [...]

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    Forbes ranks Rwanda, S’Africa over Nigeria on ‘investor protection’

Forbes ranks Rwanda, S’Africa over Nigeria on ‘investor protection’

Forbes has ranked Nigeria 3rd best in Africa in terms of "investor protection".Rwanda and South Africa were rated above Nigeria on the African continent. A total of  153 countries were surveyed.The American business magazine made this known in its Index of Best Countries for Business Report released on Friday.The report said in the period under review, Nigeria experienced positive economic growth driven [...]

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    LADOL seeks fair review of free zone tariffs

LADOL seeks fair review of free zone tariffs

Amy Jadesimi, managing director of Lagos Deep Offshore Logistics Base (LADOL), says the company will collaborate with the federal government to ensure fairness in the review of free zone tariffs.Jadesimi said this will help foreign and local investors with operations in the free zone to benefit from the scheme in line with the government’s ease of doing business mandate.She made [...]

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    CAC targeting two-hour company registration by December

CAC targeting two-hour company registration by December

The Corporate Affairs Commission (CAC) says it hopes to reduce the time spent to register a company to two hours from 24 hours by December 2018.Azuka Azinge, the acting registrar-general, CAC, made this known during a visit of the senate committee on trade and investment to the commission’s Lagos office in Ikeja on Thursday.She said the commission has created an [...]

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    It’s a ‘great time’ to be an American company in Nigeria

It’s a ‘great time’ to be an American company in Nigeria

Darrell Mcgraw, a board member of the American Business Council (ABC) and senior partner at PriceWaterhouse Coopers (PWC), says the environment in Nigeria is good for American businesses.Mcgraw said this at a press conference in Ikoyi, Lagos, on Tuesday.“It’s a great time to be an American company in Nigeria,” he said.“There’s clearly an optimism… of going into 2018 with our heads held [...]

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    NIPC: FG to set up $1bn crop processing zone in Niger

NIPC: FG to set up $1bn crop processing zone in Niger

Aminu Takuma, deputy director at the Nigerian Investment Promotion Council, says the country plans to establish a $1 billion crop-processing park in Niger state.The senior official said the aim of the park is to improve the value of agricultural produce and boost exports.The facility, Badeggi Crop Processing Zone, is expected to start in June 2018 with an initial investment of [...]

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    World Bank rates Nigeria among ’10 most improved economies’

World Bank rates Nigeria among ’10 most improved economies’

The World Bank has rated Nigeria among the top 10 most improved economies in 2016/17 in its latest Doing Business report.Nigeria moved 24 places from its 2015/16 rank of 169.Brunei Darussalam, Thailand, Malawi, Kosovo, India, Uzbekistan, Zambia, Nigeria, Djibouti and El Salvador were the most improved economies.Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas [...]

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    You’ll make more money in Nigeria than anywhere else, Onyeama tells US investors

You’ll make more money in Nigeria than anywhere else, Onyeama tells US investors

Geoffrey Onyeama, minister of foreign affairs, says investors from the United States will get a higher return on investment from Nigeria than any other place in the world.NAN reports that the minister made this statement while speaking at the Nigeria-US Business and Investment Forum in New York alongside Okechukwu Enelamah, minister of trade, industry and investment.He said: "What we are [...]

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    Q&A: How ease-of-doing-business executive order affects you

Q&A: How ease-of-doing-business executive order affects you

Exercising presidential authority, Yemi Osinbajo, acting president, signed three executive orders into law on Thursday.The three executive orders signed by Osinbajo were "the promotion of transparency and efficiency in the business environment, designed to facilitate ease of doing business in Nigeria; support for local content in public procurement by the government, and timely submission of annual budgetary estimates by all [...]

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    Presidential enabling business environment council; elixir for achieving competitiveness

Presidential enabling business environment council; elixir for achieving competitiveness

A lot of my readers know how fascinated I am with Rwanda and how often I regal you with tales of how the landlocked nation shook itself from the vestiges of ethnic rancour and conflict over 23 years ago to become the bastion of good governance and exemplary leadership.This is amply underscored by the strong processes and institutions they have [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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