Category: Business
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EXPERTS SEEK CLIMATE FINANCE FOR WOMEN, FARMERS, MSMEs
Financial sector stakeholders have called for climate-finance models that better address the needs of women, smallholder farmers and micro, small and medium enterprises (MSMEs), rather than relying solely on conventional lending approaches. They made the call, on Thursday September 3, at the Africa Inclusive Climate Finance Conference organised by LAPO Microfinance Bank in partnership with…
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N.I.A. INAUGURATES COMMITTEES ON AGRICULTURAL INSURANCE, REINSURANCE
The Nigerian Insurers Association (NIA) has inaugurated two technical committees on agricultural insurance and reinsurance to strengthen expertise, improve professional standards and promote best practices across the industry. This was disclosed in a statement on Thursday September 3. The move brings the association’s technical committees to 16. NIA Director-General, Mrs Bola Odukale, said the committees…
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UBER EXITS NIGERIA, UGANDA RIDE-HAILING MARKETS
Uber has announced the discontinuation of its ride-hailing operations in Nigeria and Uganda, effective Wednesday, September 2, following a review of its business priorities and investment focus across Africa. Uber’s Head of Communications for East and West Africa, Lorraine Onduru, said the decision was limited to the two countries and would not affect the company’s…
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WHATSAPP CHARGES: EXPERT URGES NIGERIAN BUSINESSES TO DIVERSIFY DIGITAL PLATFORMS
Nigerian businesses have been advised to strengthen their digital operations and avoid becoming overly dependent on a single foreign-owned platform following Meta’s planned charges for certain messages on the WhatsApp Business Platform from October 1, 2026. Innovation and Technology Policy Adviser, Jide Awe, said the pricing change should encourage Nigerian enterprises to build more resilient…
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EXPERT URGES NIGERIA TO TURN WASTE INTO JOBS, ECONOMIC OPPORTUNITIES
Environmental consultant, Dr Lawrence Umoh, has urged Nigeria to move beyond traditional waste disposal and transform urban refuse into economic opportunities through recycling, renewable energy and inclusive waste management. Umoh, speaking to the News Agency of Nigeria (NAN) in Abuja, advocated the formalisation of informal waste pickers through cooperative-led Extended Producer Responsibility schemes. He said…
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NICA URGES NIGERIAN BUSINESSES TO BUILD CREDIT-READY CULTURE
The National Institute of Credit Administration (NICA) has urged Nigerian businesses to become more credit-ready and creditworthy to improve their access to funding in the emerging liberal economy. NICA Registrar and CEO, Prof. Chris Onalo, said credit was increasingly becoming a key driver of business growth, with access to funding depending more on a company’s…
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OBOREVWORI ASSURES FARMERS, INVESTORS OF GOVERNMENT SUPPORT
Delta State Governor, Sheriff Oborevwori, has reaffirmed his administration’s commitment to supporting farmers and private investors through infrastructure and other incentives to promote economic growth. Oborevwori gave the assurance during visits to Tatcha Farms in Okuloho, Amity Global Farms and Manroy Livestock Farms in Okpe and Uvwie Local Government Areas. He said government support would…
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AFROCENTRIC CULTURAL EXPO TO BOOST AFRICA’S CREATIVE ECONOMY — CHAMBER BOSS
The Nigerian Chamber of Commerce-USA (NICOCUSA) says the forthcoming Afrocentric Cultural Expo will promote Africa’s rich cultural heritage while unlocking new economic opportunities for the continent’s creative and cultural industries. The Founder and CEO of NICOCUSA, Mr Gregory Ihenacho, disclosed this on Wednesday while briefing journalists in Awka. He said the expo, scheduled for Nov.…
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NSDC TARGETS SUGAR SELF-SUFFICIENCY WITH $1BN INVESTMENT, N10BN FUND
The National Sugar Development Council (NSDC) is targeting sugar self-sufficiency in Nigeria through a proposed $1 billion investment partnership and a 10 billion naira Sugar Project Acceleration Fund. The NSDC Executive Secretary, Kamar Bakrin, said Nigeria currently consumes about 1.8 million tonnes of sugar annually, with roughly $1 billion spent on imports. He said the…
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TAX OMBUD SEEKS STRONGER AGENCY COLLABORATION TO IMPROVE REVENUE ADMINISTRATION
The Chief Executive Officer of the Office of the Tax Ombud, Dr John Nwabueze, has called for stronger collaboration among government agencies to improve Nigeria’s revenue administration and protect taxpayers’ rights. Nwabueze made the call at a stakeholders’ engagement organised by the Office of the Tax Ombud in Abuja. He said effective taxation required a…
