Dubai Chamber Expands Africa Presence with Lagos Trade Office
In a significant move to enhance its African presence, the Dubai Chamber of Commerce and Industry (Dubai Chamber) has officially inaugurated its representative office in Lagos, Nigeria. This strategic expansion marks a pivotal moment for international trade between Dubai and Africa, unlocking a plethora of opportunities for businesses and entrepreneurs across both regions. The establishment of the Lagos office underscores...
Nigeria Targets 18% Tax-to-GDP Ratio in Three Years Through Enhanced Compliance
In a bid to bolster its revenue base and reduce reliance on borrowing, the Nigerian government plans to increase the tax-to-GDP ratio to 18% within the next three years. This ambitious goal will be achieved by strictly enforcing compliance with existing tax laws, allaying concerns about the introduction of new or additional taxes. Speaking at the Commerce and Industry Correspondents...
Cardify Africa Launches Cardify Business and Unveils Digital Business Card
Cardify Africa, a leading fintech company, has announced the launch of Cardify Business, a dedicated offshoot aimed at providing businesses with innovative digital solutions. With a focus on streamlining networking processes and enhancing professionals' ability to share their information, Cardify Business is poised to transform the business landscape in Nigeria. At the heart of Cardify Business lies the Cardify Digital...
Nigeria Embraces Technological Advancements to Transform Manufacturing Landscape
Nigeria's manufacturing industry is poised for a transformative journey, driven by the country's unwavering commitment to technological advancements and innovation. This was the resounding message from Doris Uzoka-Anite, Nigeria's Minister of Industry, Trade, and Investment, during the 2023 annual Nigeria Manufacturing and Equipment Expo co-located with the Nigerian Raw Materials Exposition. Uzoka-Anite emphasized the paramount importance of harnessing emerging trends...
Access Bank and ASolar Partner to Empower SMEs with Green Energy Solutions
Access Bank Plc, a leading financial institution in Nigeria, has partnered with ASolar Systems Nigeria, a solar energy solutions provider, to launch a range of green energy products specifically designed to support small-scale businesses (SMEs) across the country. The partnership aims to address the power supply challenges faced by SMEs, enabling them to operate more efficiently and contribute to...
Corporate Governance: A Catalyst for Nigeria’s Economic Transformation, Says Leadway Pension PFA Chairman
In a compelling address at the 2023 Annual Directors' Conference of the Chartered Institute of Directors Nigeria (CIoD), Olusegun Aganga, Chairman of Leadway Pension PFA Limited, underscored the critical importance of corporate governance as a driving force behind Nigeria's economic transformation. The conference, themed "Driving Nigeria's Economic Transformation and Diversification: The Role of Corporate Governance," was held in Abuja...
Nigeria’s Telecommunications Sector and Consumer Segments Poised for Growth, Says Morgan Stanley
Nigeria's telecommunications sector and expanding consumer market are brimming with promising investment prospects, according to a recent analysis by global investment firm Morgan Stanley. The report identifies telecom operators and consumer goods companies as particularly attractive investment targets. Morgan Stanley attributes this optimism to Nigeria's strong mobile phone penetration rates, low mobile data usage levels, and projected income growth. The...
African DFIs Urge Actionable Plans for Climate-Resilient Products to Address Climate Finance Needs
Development Finance Institutions (DFIs) under the auspices of the Association of African Development Finance Institutions (AADFI) have called for actionable plans to incorporate climate-resilient products into African business models as part of solutions to address climate finance needs and derisk sustainable investments in the region. This was as it revealed that Africa may lose 5 per cent to 15...
New Internet Culture” Threatens Genuine Creativity, Warns Soyinka
In a thought-provoking address at the closing ceremony of the 3rd Intra-African Trade Fair (IATF 2023) in Cairo, Nobel laureate Professor Wole Soyinka delivered a scathing critique of the pervasiveness of technology and its detrimental effects on society, particularly in fostering a generation of illiterates. Soyinka cautioned against the unchecked proliferation of internet culture, which he characterized as a "tyrannical,...
iPhone SE 4 Set to Ditch Touch ID and Embrace Face ID
Apple's iPhone SE lineup has long been a popular choice for those seeking a more affordable iPhone experience. While the current iPhone SE (2022) offers excellent performance and a compact design, it also retains the outdated iPhone 8 chassis and Touch ID technology. However, recent leaks suggest that the upcoming iPhone SE 4 might finally bring about a significant...
