FOR the nation to boost its export potentials, the Nigerian Export Promotion Council (NEPC) has been urged to create a new additional criterion weight of 40 per cent Export Expansion Grant (EEG) for goods manufactured with over 65 per cent local content in order to encourage additional investment.

INTERNATIONAL Chamber of Commerce (ICC) is calling on governments to ensure that implementation of a newly adopted, international agreement on access and benefit sharing, supports the investment and innovation necessary for the creation of benefits from genetic resources.

THE United Nations agency tasked with promoting industrial development has launched a new guide-book on private standards for exporters in developing countries working in the garments, footwear and furniture sectors to help them access global production and supply chains.

MARITIME Workers Union of Nigeria, MWUN, has said the nation sea ports especially private Jetties and off-shore operations are the major sources of illegal arms and ammunition in the country now in the hands of bandits, warning the level of illegal arm imports and prevailing state of insecurity is threat to both lives and business activities in the country.

A financial expert has cautioned banks against express conversion to International Financial Reporting System (IFRS).
“Express conversion to IFRS is a waste”, said Mr. Ayo Othihiwa, Partner, KPMG Professional Services.