Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Dangote calls for investments in real sector to save economy
DANGOTE Group has called on private investors to invest their money in the real sector of the economy, especially in manufacturing and agriculture. Devakumar Edwin, the Executive Director of Dangote Group, who made the call in Lagos, noted that while government has a big role to play in formation of the right policy to encourage investors; the business community has a bigger role to play by moving away from importation to production.
Vitafoam to expand product line
As part of its corporate strategy to support sound health for mankind, Vitafoam Nigeria Plc, a quoted company on the Nigerian Stock Exchange, NSE has pledged to expand its production of modern sleep products. Addressing journalists at a ceremony marking the 2015 World Sleep Day, the company’s Group Managing Director, Mr. Joel Ajiga explained that Vitafoam Nigeria had ventured into production and supply of flexible, semi-rigid and rigid polyurethane foam products leading to incorporation of more subsidiaries.
UNIDO to assist Nigeria’s diversification to non-oil sector
The United Nations Industrial Development Organisation (UNIDO) said the National Quality Infrastructure Project (NQIP) will assist Nigeria to diversify its economy to non-oil sector. UNIDO’s Project Coordinator, Mr. Charles Malata said the project will be useful to Nigeria as it spreads across several commodities in the country. He said the four years NQIP signed in 2013 has taken effect since May 2014 and is sponsored by EU with 12 million Euros already committed to cover its five components.
Is your organization’s strategic planning a waste of time and resources? (3)
This week’s insight will be the part three of the series. By now, the part one and two of this insight will definitely guide every CEO or business leader in answering the above question. But the truth of the matter is that most of organizations strategic plans are being hit by SPOTS Syndrome (Strategic Plans On Top Shelf). SPOTS Syndrome is big evidence that an organization’s strategic plan has been a waste of time and resources. Whenever a strategic plan is not agreed upon, acted upon and implemented, it is a mere waste of time and resources.
Avoiding small-business financing mistakes
When taking on financing as a small business, the correct course of action always hinges on answering this question: what am I trying to accomplish? The thing is, financing decisions don’t exist in a vacuum. Small businesses often miss the vital details when assessing whether to borrow or not, such as the full financing cost, the drain on their time, the opportunity costs and baked-in fees.
