Commerce

Facebook Inc may face questions about fallout from U.S. election controversies when it posts earnings on Wednesday, but top of mind for investors is a less political matter: the company’s heavy bet on e-commerce to drive ad sales.

The Lagos Chamber of Commerce and Industry (LCCI) has said that the administration of Mr Joseph Biden, the 46th elected U.S President, would usher in new dispensation for global economy.

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021.

Professor Mohammed Kirfi, the Principal Private Secretary to the Bauchi State Governor, Bala Mohammed, has resigned his appointment.

Osun State Governor, Mr Adegboyega Oyetola, on Friday inaugurated the construction work of a juice production company at the Omoluabi Free Trade Zone, Osogbo.

Countries around the world are examining ways to tax global tech companies on revenues generated in their economies in the absence of wider agreement on how to tackle their growing role in business and commerce.

The Ondo State Government (ODSG) has started training no fewer than 350 enumerators that will be monitoring and inspecting those who will be given various loans meant to cushion the effects of COVID-19 pandemic under Nigeria-Cares (N-Cares) Project.

Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande gave the warning at the maiden matriculation of the Lagos State Cooperative College’s first diploma programme held at the Johnson Agiri campus of the school in Agege, Lagos.

President Muhammadu Buhari has sworn in three members of the Code of Conduct Bureau (CCB) and a member of Police Service Commission (PSC).

The Nigeria Customs Service (NCS), yesterday stated that it is waiting for clear directives from the National Action Committee (NAC) on implementable tariffs for all goods covered by the African Continental Free Trade Area (AfCFTA) agreement.

President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has promised to partner with the Ekiti Chamber of Commerce, Industry, Mines and Agriculture to boost commerce and industry in Ekiti State.

The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African Continental Free Trade Agreement (ACFTA).

India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.

The Peoples Democratic Party, PDP, has expressed sadness over the death of one of its founding members and former Minister of State for Finance, Senator Jubril Martins-Kuye, describing his demise as a colossal national loss.

President Muhammadu Buhari, on Sunday, mourned a former Minister of Commerce and Industry, Jubril Martins-Kuye, who died earlier in the day.

The All Progressives Congress, Ogun State Chapter, has expressed “deep sadness” over the demise of former Minister of Commerce and industries who was also a former distinguished Senator who represented the Ogun East Senatorial District, Senator Jubril Martins Kuye; describing his death as “the passing away of one of Ogun’s finest politicians.”

Family sources told newsmen on Sunday that Mr. Martins-Kuye passed on on Sunday morning in his hometown of Ago-Iwoye. He was 78.