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Industrial-led development key to $1trn economy target — Manufacturers 

Industrial-led development key to $1trn economy target — Manufacturers 

By Yinka Kolawole  In order to achieve Nigeria’s aspiration to become a $1 trillion economy by 2030, the Manufacturers Association of Nigeria (MAN) has tasked the federal government to prioritise industrial-led development. Director General of MAN, Segun Ajayi-Kadir, who gave the charge in a chat with Vanguard, said that industrial transformation must be the anchor of Nigeria’s […]

CBN: Building resilient, strong banks in era of recapitalisation

CBN: Building resilient, strong banks in era of recapitalisation

With eight banks already meeting the recapitalisation requirements, and others making progress towards the deadline, the Central Bank of Nigeria (CBN) says it will   sustain its oversight of the banking system. The move is expected to ensure continued resilience, safety and soundness of the financial system. Besides, the Monetary Policy Committee (MPC) members recently acknowledged the continued […]

MAN urges strict enforcement of initiatives to curb illegal road taxes

MAN urges strict enforcement of initiatives to curb illegal road taxes

The Manufacturers Association of Nigeria (MAN) has urged seamless implementation of the Single Inter-State Road Tax Sticker (SIRTS) and Single Haulage Fee (SHF) initiatives to curb illegal road taxes and reduce the overall burden of multiple taxation on businesses across the country. Director-General of MAN , Segun Ajayi-Kadir, made the call at a strategic dialogue workshop […]

Chams HoldCo targets N7.65 bn in hybrid offer to drive expansion

Chams HoldCo targets N7.65 bn in hybrid offer to drive expansion

Chams Holding Company Plc, has finalised plans to raise N7.65 billion through a combination of a Rights Issue to existing shareholders and a Private Placement Offer to  strengthen the company’s financial position, support long-term growth, and deliver greater value to stakeholders.