Digital Economy and Business Friendliness

Ease of doing business within the digital economy across African countries…   The World Bank annually publishes the Ease of Doing Business index, which ranks countries from 1 to 190 and calculates an average score for countries and regions based on how favourable the countries’ regulations are for business operations. Year over year, countries work…

Mr. Olusola Obadimu

Appointment of NACC New Director General

We are pleased to announce the appointment of Mr. Olusola Obadimu, 57, as Director-General of Nigerian-American Chamber of Commerce with effect from Wednesday, 1st of July, 2020. This, in a statement signed by the National President, Nigerian-American Chamber of Commerce Otunba Oluwatoyin Akomolafe. Sola has a B.Sc in Chemical Engineering, M.Sc in Economics and MBA in Marketing…

SMEs and MSMEs Opportunity

The Central Bank of Nigeria (CBN), has introduced a funding support programme for Micro, Small and Medium Enterprises known as ‘Agric Small and Medium Enterprises Investment Scheme (AGSMEIS)’. Existing and aspiring entrepreneurs can access up to Ten Million Naira (N10,000,000) at 9% per annum for up to 7 years repayment from CBN in the AGSMEIS…

NAICOM to introduce revised insurance distribution policy

The National Insurance Commission will soon introduce a revised insurance distribution channel, which will replace the State Insurance Policy that was cancelled. The new policy may involve the issuing of new distribution licences to non-insurance bodies, who would be able to sell insurance to every part of the country, according to information obtained from the…

ECOWAS adopts global certification benchmark for products

The European Union and the ECOWAS Commission have developed standards for the certification of some major products to boost the level of international trade. The five priority products selected by the member states are water, cashew nuts, vegetable oil, cement and fish. The certification programme, funded by the EU, is being implemented by the United…

Foreign investment into Nigeria drops by 43% – UN report

Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report. Reuters reported recently that investors were put off by a dispute between the government and South African telecom giant MTN over repatriated profits. Banks HSBC and UBS both closed representative offices there in…