$1trn economy: NACCIMA woos Chinese investors to boost industrialisation
By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part of efforts to attract sustainable foreign direct investment (FDI) and support the Federal Government’s ambition of building a $1 trillion economy by 2030. The forum, […]
NPA, Shippers’council on collision course over berth rent
The Nigerian Ports Authority, NPA and Nigerian Shippers Council, NSC, are set for a show down following the recent increase in berth rent by the Port Authority without consultation with the NSC.
Release of power equipment from port to boost power supply
A Logistics expert and consultant to Ministry of power Mr. Emmanuel Nweke has said that the recently released 248 containers of power equipment will no doubt boost supply of electricity across the country.
70% of SMEs lack access to medium-longer-term finance — Heritage Bank boss
Lack of access of medium to long term finance has been identified as factor militating against the growth of Small and Medium Scale Enterprises, SMEs.
‘We don’t want abuse of dominance position in port operations’— NSC
Executive Secre-tary of the Nigerian Shippers Council, NSC, Hassan Bello, has warned that the Council as the economic port regulator will not accept any form of arbitrariness in charges or abuse of dominate position by any operator.
Ecobank plans additional capital raising
Ecobank Nigeria may have begun plans to riase additional capital in order to boost its tier-1 capital. Vanguard gathered that the bank’s total capital adequacy ratio at the end of the first half of 2014 stood at 13.3 per cent.
