Business New

FirstBank has actively supported the Imo State Government’s One Kindred One Business Initiative (ÓKÓBÌ), which is a community-focused entrepreneurship plan aimed at fostering job creation, enhancing financial inclusion, and encouraging sustainable wealth development through shared business ownership.

Mr. Taiwo Oyedele, the Minister of Finance and the Coordinating Minister of the Economy, stated yesterday that Nigeria could experience significant progress if the country can establish an effective tax system.

Oil distributors in Nigeria have persistently offered Premium Motor Spirit (PMS), commonly referred to as petrol, at high costs, even as there has been a significant drop in global crude oil prices, reverting to levels seen prior to the onset of the US-Iran conflict.

The Manufacturers Association of Nigeria (MAN) has voiced its worries regarding the significant drop in bank loans directed towards the manufacturing industry, cautioning that this situation could hinder industrial progress, increase joblessness, and threaten the success of the Nigeria Industrial Policy (NIP) 2025.

The Cocoa and Coffee Farmers Alliance Association of Africa, known as COCEFAAA, has advocated for the establishment of a consolidated coalition of cocoa producers in Africa, as well as for a minimum base price not lower than $6,000 for each metric tonne, aiming to enhance coordination in production and to fortify farmers' negotiating power throughout the continent.

The Nigeria Labour Congress alongside the Trade Union Congress announced their intention to resume discussions with the Federal Government regarding a revised national minimum wage, expressing concerns that employees are struggling more with increasing living expenses as inflation undermines actual earnings.