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…
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…
Industrial zones in 10 states of the federation recorded impressive performance and showed strong growth potential in the first quarter of the year, according to data from the Manufacturers Association of Nigeria. The states were listed as Oyo, Ondo, Osun, Ekiti, Rivers, Kwara, Kogi, Lagos, Ogun and Kano. The zones that recorded above average performance…
Despite the ratification of the African Continental Free Trade Area (AfCFTA) Agreement by 22 countries, the delay by four countries in depositing their instruments, as well as other trade issues needed to be addressed before the deal becomes operational, may stall the implementation beyond the proposed date of July, 2019. The AfCFTA is expected to…
One of the biggest challenges of Small and Medium Enterprises in Nigeria is the inability to withstand both the external business environment and its internal problems resulting in its inability to survive. Several surveys carried out have shown that most small and medium Enterprises find it difficult to survive after one or two years. And…
Joyce Akpata, the Director General of Nigerian-American Chambers of Commerce, is a graduate of Law from The University of Abuja. In this interview with TAYO GESINDE, she speaks about her experience as the DG of NACC and the price she paid to get to where she is today. What informed your choice of career? As…
There has been great commitment towards reducing the tax burden and improving the ease of doing business for taxpayers, the Federal Executive Council (FEC or the Council) has approved two Executive Orders and five Amendment Bills touching on key provisions in the Nigerian tax and regulatory legislation. This communication was released by the Minister of…