Nigerians are in shock, disbelief, and tears after another Ponzi scheme named CBEX crashed early this week. Weeks ago, many who invested in the scheme advertised their newly-found pathway to ‘financial freedom’ on social media with screenshots of account balances from $1,000, $10,000, and $85,000. As of Tuesday morning, their accounts have been blanked, with…
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
Dr Jumoke Oduwole, the Honourable Minister of Industry, Trade and Investment , says that the Federal Government of Nigeria will continue trading with America not minding the recent tariff measures announced by the Government of the United States of America which imposed a 14 percent tariff on Nigerian exports. In a Position Statement on U.S….
From the 80s up to the late 90s, Sokoto had many functional industries, which included the ceramics, tannery, furniture as well as fertilizer blending plants, among others… Governor Ahmed Aliyu has charged the Sokoto State Chamber of Commerce, Industries, Mines and Agriculture, with promoting the state’s potential to the outside world, especially in the areas…
In Africa, coffee accounts for approximately 12% of the global production. Image credit: Expressowork The government of Italy is making €15 million available to the United Nations Industrial Development Organization (UNIDO) for the promotion of sustainable coffee production in Africa. Ohibaba.com reports that the funding arrangement was signed recently by Debora Lepre, the Ambassador and…
The Nigerian government has committed 14.3% in counterpart funding, with UNIDO mobilizing the remainder through partnerships and donor contributions. ∆ Nigeria’s President Bola Tinubu The Federal Government of Nigeria, and the United Nations Industrial Development Organisation (UNIDO),have earmarked a total of $174.6 million budget for the implementation of the Programme for Country Partnership (PCP). At…
The US President Donald Trump has slammed a 14 percent reciprocal tariff on all Nigerian goods entering the US as the much talked about “Liberation Day” tariffs comes into effect. Trump had said that countries would face a tariff rate at half the level they charge the US, as deemed by the White House, with…
A technical working group comprising the Financial Reporting Council and the Organised Private Sector, is being set up to address the concerns raised by Manufacturers Association of Nigeria (MAN), and the Nigeria Employers’ Consultative Association (NECA) on the 10 percent monthly default penalty imposed on non-listed companies by the Council. The Minister of Industry, Trade…
∆ President Bola Tinubu The House of Representatives has passed a bill to give foreign investors in Nigerian Citizenship for second reading. The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, warmly urges foreign cold storage infrastructure companies to come and invest in Nigeria’s cold chain sector and potentially reap the profits. Kyari made the call during the 7th West African Cold Chain Summit and Exhibition (WACCSE 2025) and the 10th Agrofood and Plastprintpack Nigeria exhibition…
