The Nigerian-British Chamber of Commerce (NBCC), has announced plans to embark on trade mission to the United Kingdom, UK, to attract Foreign Direct Investment (FDI). Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would deliver a paper during the mission, on his programme for the banks (recapitalisation of Nigerian banks). The 45th trade mission themed, ”Unveiling Untapped Trade Opportunities …

Ever wondered why the Lagos State’s tagline is the “Centre of Excellence?” Well, a penny for your thoughts: you need not look any further or cudgel your brains for answers because it’s quite obvious for even the blind to see! Lagos State is the Centre of Excellence because of one of many reasons chief amongst which is the fact that …

President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates. At the launch of the EEL handbook, the President also said the aim is to close wage gaps between expatriates and the Nigerian labour force, while increasing employment opportunities for …

Foreign investments in Nigeria’s manufacturing industry went up by $644 million in 2023 to $1.5 billion from $948 million in the prior year, according to data from the National Bureau of Statistics (NBS). The NBS in its capital importation report stated that manufacturing ranked first as the sector with the most investments. The banking and finance sectors (treated separately) came …

Lagos State Governor Babajide Sanwo-Olu played the quintessential salesman on Monday, reeling off his administration’s achievements in the past three years to woo investors to the state. Sanwo-Olu met a group of would-be investors in New York on the sidelines of the 77th session of the United Nations General Assembly at a roundtable organised by the Business Council for International …

By Elvis Eromosele  Transportation, the movement of people and goods from one place to another, is a significant driver of human progress. In Nigeria, the three key means of transportation are road, air and water. Road transport however dominates the means of transportation, especially in urban and suburban areas. Reports indicate that road transport makes up about 90 per cent …