Business Monday: Agricbusiness, Power, Lagos TradeFair, CAC Registration

Home / Business Monday: Agricbusiness, Power, Lagos TradeFair, CAC Registration
  Nov 07, 2016     FixitSME Admin  

TGIM! Today’s editorial gives reader the major business headlines with source links to help users know what is evolving in the business world.

Vol. 16.37

Agricbusiness Partnership: FG Partners Private Sector


The Federal Government plans to develop a 15,000-hectare agro-industrial hub in Nigeria, which will be located in the Federal Capital Territory, will attract both local and foreign players and is expected to be the biggest agribusiness park in West Africa. The minister of agriculture and rural development, Chief Ogbeh said the hub will ensure agriculture doesn’t have to be a rain fed business, because we need to grow food all year round and keep them food fresh. Kaykayjabari


Lagos International Tradefair 2016


The event which is 5 days old has received recommendations from individuals and corporate organisations is well thought-out by The Lagos Chambers of Commerce and Industry and have witness a huge turnout of people from the nooks and crannies of Lagos at the Tafawa Balewa Square (TBS). It is believed that Trade Fairs are platforms for promoting businesses, especially Micro, Small and Medium Enterprises (MSMEs) which constitutes the bedrock of economic growth of Nigeria


CAC LogoCAC Registration


The registrar of the Corporate Affairs Commission (CAC) Bello Mahmud said the commission which was established by the Companies and Allied Matters Act promulgated in 1990 to regulate the formation and management of companies in Nigeria had made the process of registration easier as entrepreneurs can register by themselves at their offices in Lagos, Kano and Enugu. The Commission has made provision of… Dailypost


Interbank Lending Rate Jumps


In bid to tightening liquidity and intervening directly with dollar sales to banks  to support the ailing naira, as the economy has been hit by the fall in oil prices. overnight interbank lending rate soared to a record high of 128 per cent on Monday on naira cash shortages after commercial banks  funded their account with the Central Bank of Nigeria to participate in last Friday’s currency forward auction. Businessnews


Insurance Cover For SMEs


NICON insurance limited has signed a memorandum of understanding with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) as part of efforts to reinforce the agenda of diversification of the economy through the empowerment of the informal sector and to protect them from the vagaries of the economic environment. Stating this in… Businessnews


Forex Allocation For Manufacturers


The manufacturing industry requires the injection of about $1bn to galvanise activities in the sector and enable it to contribute significantly to the economy, the Manufacturers Association of Nigeria has said through their president Dr. Frank Jacobs. It is believed that the provision will serve as clearance of the backlog of matured FX obligations for raw materials and machineries for manufacturing companies, agricultural chemicals, and airlines. Punch


AfDB approves $600million loan


The African Development Bank's Board of Directors on Wednesday approved a $600m loan for Nigeria, several months after the Federal Government had approached the lender for a budget-support facility. According to the AfDB president Dr. Ainwunmi Adesina, the package includes $1bn in budget support; $300m to create jobs for 185,000 youths; $250m towards infrastructure development in the North-East; $1m grant to deal with challenges of Internally Displaced Persons; $300m for... Punch


New Deal To Increase Power Supply In Nigeria


In fulfilment of its commitment to increasing power supply in the country and further tapping into the 'gas to power' value chain, the Federal Government today signed a number of agreements with the world bank with the intention to add more than 500 MW electric power to the National Grid.

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