Rental businesses show concerns over impact of rising shipping cost

PLACE YOUR ADVERT HERE

The Rental Professionals Society of Nigeria (RPSN) has expressed concerns about how rising shipping costs are affecting the event rentals business in Nigeria. At the recent RPSN Expo/Conference 1.0, themed “Rent, Relax and Repeat,” RPSN President Mrs. Taiwo Oderinlo highlighted that the government should focus on the shipping industry.

She pointed out that the high shipping costs, similar to the rising cost of living, are impacting all businesses, particularly rentals. Oderinlo urged the government to implement policies to curb the increasing costs of doing business and to address issues related to the exchange rate.

During the conference, RPSN worked on enhancing members’ skills to find innovative solutions to global business challenges. An insurance firm educated members on the importance of insuring their businesses, and banking experts provided insights into financial products available to help them grow their businesses.

The first RPSN exhibition featured manufacturers from China and other parts of Africa, who showcased their products, shared business experiences, and discussed future plans.

PLACE YOUR ADVERT HERE

Popular Related

NECA to train youths in ICT

Mr Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’ Consultative Association, says Nigerians Employer's Consultative Association are set to train 35 youth through...

SEC to unveil plans for capital market

The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama is set to outline the vision for the Nigerian capital market at...

Builder’s reject N8,000 cement price

Developers in the built industry have turn down the agreement  between the Federal Government and the Cement Manufacturers. It was fix at the meeting that...

Top 10 Rapidly Growing Sub-Sectors in Nigeria’s Economy for Q1 2024

Nigeria's gross domestic product (GDP) grew by 2.98% in the first quarter (Q1) of 2024, up from 2.31% in the same period in 2023. However,...

Food prices will crash soon, FG declares

The Federal Government officially unveiled that high food prices currently burdening the nation would soon crash based on its commitment to ensure food security...

Lagos mandates tax clearance for housing transactions

The Lagos State Government has mandated that tax clearance will now be an essential document for any housing transactions within the state to prevent...

SEC guidelines made banks’ recapitalisation transparent – DG

Dr. Emomotimi Agama, the Director-General of the Securities and Exchange Commission, said it's guidelines released by the commission prior to the banking recapitalisation exercise...

KEDCO seeks peaceful resolution with aggrieved manufacturers

The Kano Electricity Distribution Plc. (KEDCO) yesterday urged the Manufacturers Association of Nigeria (MAN) and other aggrieved customers to consider a peaceful and amicable...

Global Money Week: NGX boosts financial literacy among students

The Nigeria Exchange Limited has organized a conference to develop the financial literacy level of students in Lagos to mark the Global Money Week...

Tinubu approve infrastructure devt fund, FG eyes $25bn annually

In line with the Renewed Hope Agenda of President Tinubu's led administration, On Monday, he gave approval for the Infrastructure  Development Fund in order...