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Organised Private Sector

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Nigerian government to unveil N65 billion stimulus package for private sector

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this at a virtual meeting held with members of the OPS, made up of Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigerian Association of Small and Medium Enterprises (NASME), and Nigerian Association of Small Scale Industrialists (NASSI).
Zainab Ahmed

Nigeria proposes N11.9 trillion total expenditure in 2021 budget

The federal government, on Friday, announced total projected expenditure of about N11.9 trillion for the 2021 fiscal year.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

2020 budget: OPS backs proposed $20 oil price benchmark

Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

Private sector, labour call for guided relaxation of lockdown to save economy

Organised Private Sector, OPS; Nigeria Labour Congress, NLC, and its United Labour Congress of Nigeria, ULC, counterpart, have agreed that there is need for guided relaxation of the COVID-19 lockdown.

LCCI asks NNPC to back up reformed petroleum downstream sector with law

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.
Nigeria has confirmed 12 new casesof coronavirus with total number of cases in the country rising to 151.

Union demands life insurance, N100, 000 special coronavirus allowances for health workers

The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote tests negative for coronavirus

The richest man in Africa and Founder & Chairman of Dangote Group, Aliko Dangote, stated on Sunday he has tested negative to the novel coronavirus (COVID-19) disease.

Coronavirus: Stakeholders differ on impact of Nigeria’s central bank stimulus

Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China, in December.

Coronavirus: Manufacturers, importers, others lament impact of disease on Nigerian economy

With the Coronavirus (Covid-19) outbreak in China, there are indications that the country’s agro-allied, manufacturing sectors and dealers on various products have put on hold the importation of several production raw materials, consumable items coming from China.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

Stakeholder, experts identify challenges to implementation of AFCFTA

Ahead of the implementation of the African Continental Free Trade Agreement (AfCFTA) in July, the Nigeria’s industrial sector has identified the need for the country to address current market challenges to ensure its gets benefits of the agreement.
President Muhammadu Buhari

President Buhari commends Abuja Chamber for scaling up economic diplomacy

President Muhammadu Buhari has lauded the Abuja Chamber of Commerce and Industry (ACCI) for scaling up economic diplomacy and establishing bilateral relations with other countries.
Consultant to the World Bank, Prof. Abel Ogunwale

Unemployment rate set to rise – expert

Nigeria’s unemployment rate, which stood at 23.1 percent in 2018, will not continue drop, a consultant to the World Bank, Prof. Abel Ogunwale, has said.

Border closure: OPS harps on importance of policy implementation

Members of the Organised Private Sector (OPS) have described the ongoing border closure as a temporary solution to a long term problem, noting that policy measures and proper implementation is necessary and more effective.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 5

Labour, OPS slam senate, federal government over finance bill

Nigeria’s Senate decision to approve 56 amendments in Finance Bill, an executive bill submitted by President Muhammadu Buhari, seeking an approval to raise tax rates payable by consumers and business entities to augment Federal Government’s declining cashflow, last week opened another pandora box of debate as to the fate of ordinary citizens when it eventually gets signed into law by the president in the days and weeks ahead.
Dr. Ogbonnaya Onu, Minister of Science and Technology, has said that it is only knowledge-based economy that would add value and create a new lease of life for all Nigerians.

Fourth Industrial Revolution: Nigeria’s full participation key to economic growth

The Minister of Science and Technology, Ogbonnaya Onu, has stressed the need for Nigeria to participate fully in the fourth industrial revolution.
Suleiman Adamu, Minister Of Water Resources

Open defecation: Nigeria ranks No. 1 in the world – minister

The Federal Government says Nigeria now ranks number one in the world with people practicing open defecation.

AFCTFA: NLC demands fair trade deal

Organised Labour has taken a swipe at the World Trade Organization (WTO) and other international trade bodies who reject Nigerian yams under the pretence that they are too big.

Cashless policy: Regulators, business community set for nationwide rollout

Baring any last minute disruptions in the implementation guidelines, Nigeria’s cashless Policy piloted by the Central Bank of Nigeria (CBN) would go live nationwide from March 31, 2020, after about eight years of clinical trials of its pilot phase.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest father of six for ‘rape’ of 13-year-old girl

The Police in Jos have arrested a 39-year-old businessman, Abdul Abdul, for allegedly raping a 13-year-old girl after buying N20 sachet water in her mother’s makeshift store.
Inspector-General of Police Mohammed Adamu

IGP: Video in circulation of maltreatment of man not Nigerian

The Inspector General of Police (I-G), Mohammed Adamu, says a video in circulation, credited to “NigeriaDream”, showing a security officer meting inhuman treatment on a man, did not happen in Nigeria.
Kalidou Koulibaly has called Napoli's 4-0 Champions League win over Genk on Tuesday night an important victory.

Sadio Mane: I’d be very happy if Liverpool signed Kalidou Koulibaly

Mane believes the 29-year-old Napoli defender would be a huge hit for the newly-crowned Premier League champions.

US judge orders delay of first federal executions in 17 years

A U.S. judge on Monday ordered a delay in federal executions, hours before one was to be carried out for the first time in 17 years, hampering the Trump administration’s plan to revive capital punishment by the federal government.
Lionel Messi on Monday allowed a deadline to pass in his contract that would have allowed him to terminate the deal unilaterally and leave Barcelona on a free, Marca today report.

Lionel Messi future is here, in football and after football – Barca chief

Barcelona president Josep Maria Bartomeu is adamant Lionel Messi will not be leaving.