Business – Page 270 – National Daily Newspaper

Sterling Bank announces strategic partnership with EAS, to empower Nigerian SMEs

Sterling Bank announces strategic partnership with EAS, to empower Nigerian SMEs

Sterling Bank Ltd., Nigeria’s leading commercial bank, has proudly announced a strategic partnership with Export And Sell Nigeria Limited (EAS), a leading international trade consultancy, to...

Lagos digitalizes tax collections for hotel, restaurants, others

Business2 years ago

LIRS reminds taxpayers of March 31 deadline for annual tax return submission

In compliance with the stipulations outlined in the Personal Income Tax Amendment Act (PITA) Cap P8 2011, the Lagos State Internal Revenue Service (LIRS),...

10th anniversary: Dentsu Nigeria now leading force in advertising, says Emeka Okeke

Business2 years ago

10th anniversary: Dentsu Nigeria now leading force in advertising, says Emeka Okeke

The Group Chief Executive Officer of MediaFuse-Dentsu Nigeria, Emeka Chris Okeke has described the network as a leading force in advertising in Nigeria. Okeke, who disclosed...

FX crisis worsens foreign investment in Nigerian equities market

Business2 years ago

FX crisis worsens foreign investment in Nigerian equities market

Data from the Nigerian Exchange (NGX) reveals that foreign participation in the Nigerian equities market dropped to 8.15% in January 2024, a decline compared...

President Bola Tinubu on Sunday signed seven bilateral, multi-sectoral agreements with the government of Qatar, aimed to boost investment opportunities between the two countries. This was disclosed in a statement by the special adviser to the president on media and publicity, Ajuri Ngelale. Ngelale noted that the seven agreements signed are: cooperation agreement in the field of education; regulation of employment of workers with the Government of Qatar; establishment of a joint business council (JBC) between the Qatar Chamber of Commerce and Industry and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); in addition to a cooperation agreement in the field of youths and sports. The spokesperson also noted that historic agreements between both nations will open a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports. During the signing ceremony at the Qatar Presidential Palace, President Tinubu communicated to his host Nigeria’s readiness to attract investors, highlighting the current reforms that support innovation, investment returns, and multiculturalism. “Our greatest strength is our people. Our strength lies in the capacity of Nigerian youths. They have energy, talent, and self-belief. They are quality partners for Qatari industry. They are educated and reliable, and they are proactively seeking to add value wherever they are. “We have seen clearly the rapid pace and thorough quality of Qatar’s development process. It is impossible not to be moved by what you have accomplished. The leadership in the country has proven its mettle, and we are here to gain deeper insight. “There is nowhere in the world where you will find return on investment at the level of what you will see in Nigeria. A massive market of over 200 million skilled Nigerians, always industrious and ready to work. “We face some short-term turbulence at the moment, but we have a government today that reflects the dynamism and talent of the Nigerian people. We are implementing the right solutions. This team works collaboratively with each other and our partners. Nigeria is ready for serious business,” the President stated. On his part, the Emir of the State of Qatar, His Highness, Sheikh Tamim bin Hamad Al Thani, emphasized that Qatar is open to President Tinubu’s investment push, recalling that he traveled to Nigeria in 2019 owing to his belief that Nigeria is an important and strategic ally on its own and within the context of its role in regional affairs. “I have no doubt about the great capacity of the Nigerian people. Everywhere in the world, they are known for their brilliance and hard work. We only need to ensure that this is happening inside of Nigeria rather than outside. The investments we have made around the world have been very fruitful. “This is because we take our time and study opportunities before we invest the commonwealth of our people. It is not my money. The money we invest belongs to the future generations of Qatar. “Mr. President, I am very encouraged by your actions and your passion for creating new opportunities. We are very open to this, and follow-up is everything at this point. The will is there for both of us, but we must follow up. I will send a team of officials to Nigeria after Ramadan, and we will advance discussions on what some of the actionable investment opportunities are,” the Qatari leader said. President Tinubu therefore named the Coordinating Minister of the Economy and Minister of Finance; Mr. Wale Edun is the team leader of the government team that will interface with Qatari authorities in investment identification and implementation moving forward.

Business2 years ago

Tinubu signs seven bilateral agreements with Qatar

President Bola Tinubu on Sunday signed seven bilateral, multi-sectoral agreements with the government of Qatar, aimed to boost investment opportunities between the two countries. This...

Customs approve 90-days payment window for improperly imported vehicles

Business2 years ago

Customs approve 90-days payment window for improperly imported vehicles

The Nigerian Customs Service (NCS) has declared a three-month period for the regularization of import duties for certain vehicle categories improperly imported into the...

Business2 years ago

MediaFuse-Dentsu Nigeria to deepen investment in human resources, technology

The Group Chief Executive Officer of MediaFuse-Dentsu Nigeria, Emeka Chris Okeke has revealed that the integrated marketing communications network would deepen its investment in human resources,...

Naira gains N28.34 against the Dollar at official market

Business2 years ago

Naira ends rally, depreciates to N1,600/$ at parallel market

Naira, on Friday, reversed the appreciation trend at the parallel section of the foreign exchange market. The local currency depreciated by N100 or 6.67...

7 monhs after Nigeria finally restores power supply to Niger Republic

Business2 years ago

7 monhs after Nigeria finally restores power supply to Niger Republic

Nigeria has restored power supply to the Niger Republic for the first time in seven months. This comes a few days after the regional bloc,...

CBN revokes licenses of over 4,000 Bureau De Change operators

Business2 years ago

CBN revokes licenses of over 4,000 Bureau De Change operators

The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. The CBN’s Acting Director...