Malaysia’s exports are projected to reach $425 billion by 2030 with an annual growth rate of 6.8 per cent, Standard Chartered said on Monday. According to the global bank, China and Singapore are expected to continue to dominate Malaysia’s trade, while India, Vietnam and Indonesia are emerging as high-opportunity trade partners. Malaysia’s exports to China […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed memorandum of understanding (MoU) with the First Bank and Sterling Bank to develop and promote Micro Small and Medium Enterprises (MSMEs). In his remarks at First Bank event, Dr Olawale Fasanya, Director-General of SMEDAN identified funding as critical issue for MSMEs. Fasanya, therefore, […]
The Federal Government has established Nigeria’s Open Register of Beneficial Ownership of Companies to promoting transparency and accountability. Inaugurating the register, the Minister of Industry, Trade and Investment, Adeniyi Adebayo said the initiative, under Corporate Affairs Commission’s mandate (CAC), would support anti-corruption efforts in Nigeria and globally. Mr Babagana Alkali, Director of Policy, Research and […]
Chairman, Board of Directors of Bank of Industry (BOI) Group, Aliyu Dikko, said the group’s total assets have grown by 39. 2 per cent between 2021 and 2022. Dikko stated this during the 63rd Annual General Meeting (AGM) of the bank, on Thursday, in Abuja. He said the bank maintained appreciable growth in its financial […]
The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi, announced in a chat with newsmen in Lagos. Ajayi said the total admission of viewers into cinemas across the federation, for the period under review Is 174,071. […]
Ice block sellers are making brisk business in Kano, due to the high demand for cold water, occasioned by the hot weather condition. The prevailing hot weather condition, coupled with the epileptic power supply and the Ramadan fast, all combined to create a high demand for cold water by residents. Further checks by a correspondent […]
From Abdulfatah Babatunde, Akure A Point-of-Sale (POS) cash transaction operator in Akure, Ondo State, Mr Waheed Adéyemí has endeared himself to hundreds of cash-trapped residents by charging a low withdrawal commission. The NewsZenith reports that hundreds of residents troop to Adeyemi’s shop on Awule road, Akure to withdraw money. They were praising Adéyemí for charging […]
Two men – Tunde Okunuga, 33, and John Solomon, 19 – on Thursday appeared before an Iyaganku Magistrate’s Court, Ibadan, for allegedly damaging a glass door of the Shoprite on Ring Road, Ibadan. The defendants, whose residential addresses were not provided, are facing charges of conspiracy, malicious damage and perjury. They, however, pleaded not guilty […]
The 2022 annual report of Mercedes-Benz Group AG, published on Friday, showed a modest increase in the German carmaker’s unit sales and profitability. Last year, Mercedes sold 2.45 million vehicles, against 2.32 million vehicles in 2021. The company’s EBIT (earnings before interest and taxes) rose by 28 per cent year-on-year to $21.8 billion (20.5 billion […]
The Federal Government has supported 280 export-oriented businesses with grants, resulting in the creation of 100,000 direct jobs. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said this while featuring on President Muhammadu Buhari’s administration scorecard programme series on Tuesday in Abuja. The Federal Ministry of Information and Culture organised the programme. Adebayo said […]