The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has assured of Nigeria’s commitment to the efficient implementation of the National Automotive Industry Development Plan (NAIDP), as part of efforts at fast-tracking Nigeria’s economic diversification goals. The minister said this while receiving a delegation from the African Association of Automotive Manufacturers (AAAM) in his […]
Global Information and Communication Technology (ICT) giants Hewlett Packard (HP) has officially endorsed Yudala Zero Gravity as a Platinum Partner which is the highest partnership cadre. With this, HP will occupy prominent position in all Zero Gravity concerts this year including the road shows that will precede each concert. Yudala Zero Gravity is powered as […]
Those who are ‘hitting’ at multinational companies’ tax strategy of sheltering profits made abroad from the U.S., may have to be a little louder, as Apple CEO, Tim Cook has come in defense of the iphone maker. In an interview with The Washington Post, Cook said that his company would not repatriate money from abroad […]
As the nation grapples with economic recession, the Federal Government has been advised to engage in prudent spending in order to get the economy back to track. The advice was given by Segun Oshinowo, Director General of Nigeria Employers’ Consultative Association (NECA). Oshinowo who said this in a press statement made available to News Express averred […]
Telecommunications operator, Etisalat, in partnership with Singapore’s YuuZoo Corp, recently unveiled a bespoke e-commerce platform, SME Arena, to facilitate the growth of Small and Medium Enterprises (SMEs) in Nigeria. SME Arena which is developed and managed for Etisalat Nigeria by Singapore’s YuuZoo Corporation is a social and e-Commerce platform which allows small and medium-sized enterprises […]
More than 350,000 people will deliver a petition through Consumer groups to the KFC fried chicken chain on Wednesday, calling on the Yum Brands Inc unit to stop the routine use of antibiotics by the companies that supply its poultry. Several fast-food restaurants, which have been under fire for selling unhealthy meals, are assuming the […]
The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, has said that Nigeria’s ongoing economic challenges offer an unprecedented opportunity to restructure and diversify the economy. Speaking on Tuesday on Channels Television’s Sunrise Programme, the minister said: “I believe that depending on what we do with this crisis we’re facing, it could actually be […]
Diamond Bank is considering raising fresh capital and selling some assets in order to maintain its capital ratios. The bank’s management says the capital plan will ensure it meets all regulatory requirements both in the short term and in the future. Diamond Bank’s capital adequacy ratio had fallen to 15.6 percent of assets by mid-year […]
The Federal Executive Council (FEC) has approved a Multilateral Competent Agreement to give the government a better grip on its tax laws to prevent tax evasion by multinational companies. Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this to State House correspondents after the meeting presided by President Muhammadu Buhari on Wednesday in […]
By Amechi Obiakpu Ikeja Electricity Distribution Company, has introduced a Debt Discount initiative. The initiative provides various percentage discount options to enable customers pay off their outstanding bills and meet their financial obligations to the company. The company said in a statement that the project is designed specifically to support unmetered non-maximum demand (NMD) customers, […]