Tag: Business
National Minimum Wage Negotiations in Nigeria: A Deep Dive into the...
The ongoing negotiations to review Nigeria's National Minimum Wage Act of 2019 face significant challenges. These stem from the complexities of balancing workers' needs,...
UK Invests $85 Million in Nigeria’s Manufacturing Sector, Boosting Clean Energy
The United Kingdom's (UK) Manufacturing Africa program has attracted a significant $85 million investment in Nigeria's manufacturing sector since 2020. This was announced by...
Nationwide Strike Cripples Nigerian Economy, Demands Wage Increase and Tariff Reversal
Nigeria experienced a significant economic disruption on Monday as the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) launched a nationwide strike. The...
CBN Reverses 0.5% Cybersecurity Levy on Electronic Transactions
The Central Bank of Nigeria (CBN) has withdrawn its directive to banks and financial institutions regarding the implementation of a 0.5% cybersecurity levy on...
Nigerian Food and Beverage Industry Grapples with Harsh Economic Conditions
The Association of Food, Beverages and Tobacco Employers (AFBTE) has raised alarm over the detrimental impact of Nigeria's harsh economic climate on the food...
Multiplicity of Taxes Threatens Nigeria’s AfCFTA Gains, Warns MAN
The Manufacturers Association of Nigeria (MAN) has raised concerns that the burden of multiple taxes on the manufacturing sector could hinder Nigeria's ability to...
Nigeria Overtakes South Africa as Indonesia’s Top African Investment Destination
Nigeria has solidified its position as Indonesia's leading investment destination in Africa, boasting a trade balance exceeding $4.7 billion in 2022. This milestone was...
Microsoft and Mitsumi Distribution to Lead AI Advancements at GITEX Africa...
Global tech giants Microsoft and Mitsumi Distribution are set to showcase groundbreaking artificial intelligence (AI) solutions at GITEX Africa 2024 in Marrakech, Morocco. Mitsumi...
Elumelu Champions Innovation and Investment for Global Health Improvement at Abu...
Global health improvement was the central focus of Tony Elumelu's compelling keynote address at the Abu Dhabi Health Forum. The prominent leader in African...
NESG Raises Concerns Over Timing of Nigeria’s New Cybersecurity Levy on...
The Nigerian Economic Summit Group (NESG) has voiced concerns about the timing of the Central Bank of Nigeria's (CBN) recently introduced 0.5% cybersecurity levy...
