European Commission Presents 5-year Plan To Boost EU’s Competitiveness

European Commission on Wednesday unveiled the Competitiveness Compass, a five-year plan designed to eliminate excessive administrative regulation hindering the growth of European businesses. This also led to an outflow of talent and capital beyond the community’s borders. “Today, the Commission presents the Competitiveness Compass, the first major initiative of this mandate providing a strategic and…

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Steel Industry Revival: Ajaokuta Plant’s Comeback Imminent

Steel Development Minister, Shuaibu Abubakar Audu, has confirmed that the federal government is nearing a pivotal stage in its initiative to revive the Ajaokuta steel company in Kogi State. This announcement was made during a weekend meeting with All Progressives Congress (APC) stakeholders at his home in Ogbonicha. Audu revealed that a Memorandum of Understanding…

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CBN’s Suspension Of Banks’ Dividend May Cause Stock Market Volatility – ASHON

The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. Mr Sam Onukwue, Chairman of ASHON in a statement on Tuesday, said that the directive, issued June 13, was said to ensure compliance with regulatory forbearance and Single…

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