Top 10: News Headlines
1. Exchange rate unification will boost capital market growth — ICAN
The Institute of Chartered Accountants of Nigeria has said that the unification of the country’s exchange rate would stimulate the growth of the securities market and attract foreign investments into the country… Read more
Source: https://punchng.com/exchange-rate-unification-will-boost-capital-market-growth-ican/
2. Tax credit schemes unsustainable, says MPC member
A member of the Monetary Policy Committee, Mike Obadan, has said Nigeria’s tax credit schemes are unsustainable. In a statement made by him at the last Monetary Policy Committee meeting, which was released by the Central Bank of Nigeria, he called on the government to revisit its financing methods for capital projects… Read more
Source: https://punchng.com/tax-credit-schemes-unsustainable-says-mpc-member/
3. TotalEnergies empowers students
In its bid to contribute to the eradication of illiteracy and empower the youth with needed tools and skills, TotalEnergies L.E.A.D Career project and JA Nigeria (JAN) have organised a career growth programme for selected secondary school students across the country… Read more
Source: https://punchng.com/totalenergies-empowers-students/
4. 21 investors got power generation licences in 2022 – FG
The Nigerian Electricity Regulatory Commission issued power generation licences to 21 investors in 2022, data obtained on Friday from the Federal Government agency ( news headlines) has shown. Findings showed the commission issued 114 registration/permits for the development of mini-grids to boost power supply across the country during the period… Read more
Source: https://punchng.com/21-investors-got-power-generation-licences-in-2022-fg/
5. Development banks, local exporters boosting cocoa value chain – Akinola
A technical expert to the Federal Ministry of Industry, Trade and Investments on the National Cocoa Plan, Ayo Akinola, speaks with Sami Olatunji on the challenges in the cocoa industry and the way forward for the country to fully exploit the cocoa potential… read more
Source: https://punchng.com/development-banks-local-exporters-boosting-cocoa-value-chain-akinola/
6. Managing construction challenges during rainy season
There is no doubting the fact that the downpour witnessed across the country has impacted the construction sector. Sometimes it pours for several hours non-stop with fierce wind and storms, while it merely drizzles at other times. This is, however, not the end of the rain as it is expected to get heavier in the coming months… Read more
Source: https://punchng.com/managing-construction-challenges-during-rainy-season/
7. World Bank loan to import electricity metre may cripple local manufacturers
Local electricity metre manufacturing and assembling firms may face tough times in the days ahead as the Federal Government has opened a bid for a $155 million World Bank loan to import metres. Anxious of the negative impact of the Federal Government’s decision on its business, the Association of Metre Manufacturers and Assemblers Nigeria (AMMON) has petitioned the Bureau of Public Procurement (BPP) alleging that the move might cripple over $500 million investments in the sector… Read more
8. Geometric Power Plant to add 188MW to national grid
Electricity generation in the country is on the verge of receiving a boost as Geometric Power Plant in Aba, Abia State, is set to add 188 megawatts (MW) to the national grid in the next two months. The Group Chairman, Geometric Power, Prof. Barth Nnaji, who is also a former Minister of Power, disclosed this in a statement, saying the plant would start operations with one of its four General Electric brand turbines… Read more
9. Lagos commits to fast-tracking business growth
Lagos State government has assured the business community of its commitment to simplify the process of doing business in the state by strengthening the regulatory environment designed to fast-track business growth. Governor Babajide Olusola Sanwo-Olu gave the assurance at the opening ceremony of the 17th annual International Business Law Conference of the Nigerian Bar Association (NBA)… Read more
Source: https://guardian.ng/business-services/lagos-commits-to-fast-tracking-business-growth/
10. Telecoms investment stock hits $75.6b as sector adds N10.126tr to GDP
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, said total stock of investments in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local capital, has reached $75.6 billion… Read more
