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OPS fears SMEs’ collapse as cash scarcity lingers
The Organised Private Sector has joined the call on the Central Bank of Nigeria to address the cash scarcity witnessed nationwide, stressing that the country is not developed enough for cashless transactions. Members of the OPS pointed out that the scarcity of cash has adversely affected businesses, especially those in the Micro, Small, and Medium Enterprises category, as they expressed fears of an imminent collapse of MSMEs. “While the intent […]
Dangote refinery extends export to three African countries
The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. In a statement on Sunday, the company’s spokesman, Anthony Chiejina, quoted Edwin as confirming […]
Stakeholders push for property tax to address housing deficit
Stakeholders in the housing sector have called for reforms like property tax to address the growing issue of unoccupied houses, and tax relief to encourage developers to build more houses. News Agency of Nigeria reported on Monday that the stakeholders made their position known at the 6th Edition of the African Housing Awards organised by the Housing Development Advocacy Network in Abuja. They said that the reforms would aid in […]
Cabals hijacked Buhari after 2015 victory -Ex-minister Dalung
A former Minister of Youth and Sports, Solomon Dalung, has opened up on the influence of cabals in Nigerian governance, alleging how a powerful group hijacked power after President Muhammadu Buhari’s victory in 2015. Speaking on the Mic On Podcast published on Sunday, Dalung described a cabal as “a group of ambitious people who were also appointed by the same president to help him govern but they will run his […]
ECOWAS to approve Niger, Mali, B’Faso’s withdrawal Jan 29
The Economic Community of West African States will on January 29, 2025 begin the process for Niger, Mali and Burkina Faso to formally withdraw their membership of the regional bloc. It declared a six-month transition period lasting until July 29, 2025, within which it would engage withdrawal protocol. President of the ECOWAS Commission, Dr Omar Touray, announced this at the close of the 66th Ordinary Session of the ECOWAS Authority […]
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