Nigerian banks have generated approximately N30 trillion in new loans and support for the private sector over a one-year period, demonstrating their pivotal role in the country’s economic renewal efforts. According to Cordros Securities Weekly Economic and Market Report, recent…
President Bola Tinubu has pledged to strengthen the Organised Private Sector(OPS) and rebuild the country’s economy. Tinubu made the pledge at the third edition of the Nigeria Employers Summit ,organised by the Nigeria Employers’ Consultative Association (NECA) ,on Tuesday in…
The Tripartite Committee on Minimum Wage has resumed talks over a new minimum wage for workers in the country. The committee is meeting at NICON Luxury Hotel in Abuja. Federal Government is represented by Wale Edun, the Minister of Finance;…
The Director-General of the Manufacturing Association of Nigeria, Ajayi Kadri, has confirmed that the organised private sector accepted the Federal Government’s proposal for a new minimum wage of N60,000. Ajayi disclosed this during an interview on TV station in Abuja…
Vice President Kashim Shettima has called on the private sector, including financial institutions, to support the Federal Government’s drive to transform agricultural production and improve the welfare of Nigerians. Shettima made the call on Friday when a consortium of mid-sized…
The Federal Government and Ogun state Governor, Prince Dapo Abiodun have sought the partnership of the private sector in developing road infrastructures within the country. The Minister of Works, Sen. David Umahi made this known on behalf of the Federal…
The Bureau of Public Enterprises (BPE) has reiterated its commitment to optimise the Federal Government’s assets through private sector investment. Alex Okoh, Director-General, BPE, said this at a media event in Abuja. Okoh said there was a need for the…
The Board of Directors, African Development Fund (ADF) has approved 6.73 million dollars grant to Mozambique to support implementation of the Institutional Support Project for Business Environment and Governance. The African Development Bank (AfDB) in a statement on its website…
By Ibiyemi Mathew The Organised Private Sector of Nigeria (OPSN) has opposed the recently announced increase in excise rates as contained in the circular dated 20th April 2023, signed by the Honourable Minister of Finance, Budget and National Planning. The OPSN…
Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector increased an all-time high of N43.07 trillion, with expectations of a further increase in the year. In contrast,…
