Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
Salus Trust gets re-accredited as HMO operator
Salus Trust Limited has been re-accredited by the National Health Insurance Scheme (NHIS) to continue operation in the next two years as a national Health Maintenance Organisation (HMO).
Post COVID-19: World Bank to provide over $50bn in grants to most fragile countries
By Peter Egwuatu World Bank, Wednesday, revealed that it will provide over $50 billion in grants by June 2021 to the most fragile countries and people to reduce the effect of the coronavirus, COVID-19 pandemic. The President of World Bank Group, David Malpass, in its remark at the G20 Finance Ministers and Central Bank Governors […]
Manufacturers pick holes in the new electricity tariff structure
The Manufacturers Association of Nigeria (MAN) has faulted disparity in electricity tariffs by Distribution Companies (DISCOs) across Nigeria, noting that it creates uneven playing ground which may lead to closure of some companies
Life Lager to invest over N40m in small businesses
Life Lager said it is set to support over 200 businesses with a cumulative sum of over N40 million in its progress booster campaign, “Chop Life Experience”.
Post COVID-19: W/Bank warns Nigeria, sub-Saharan Africa of steep GDP contraction
The World Bank, yesterday, warned that post-Covid-19 recovery in Nigeria and other Sub-Saharan Africa countries will be long and steep if fiscal reforms that would stimulate growth are not put in place to address the economic impact of the pandemic.
Promasidor introduces Twisco chocolate drink powder
Promasidor Nigeria Ltd has launched Twisco chocolate drink powder into the country’s beverage market.
Nigeria spends $5bn on food import, $1.5bn on milk annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually out of which $1.5 billion goes to importation of milk and other dairy products.
NSIA, CDC Group sign MoU to upscale private sector investment in Nigeria
Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with CDC Group, the UK’s publicly owned impact investor, to facilitate long-term inclusive growth and encourage private capital to scale up their participation in high-impact sectors of the Nigerian economy.
Lagos Assembly urges Sanwo-Olu to create MSMEs hubs
Lagos State House of Assembly has called on the Governor, Babajide Sanwo-Olu to create Micro, Small, and Medium Enterprises, MSMEs, hubs in the three senatorial districts in the state.
NBS set to conduct national business sample census
The National Bureau of Statistics (NBS) said it has concluded plans to conduct a national business sample census (NBSC), in collaboration with the World Bank.
