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Business & Finance

Why Made-in-Nigeria will give small businesses a b

Thursday, May 25, 2017
LAGOS, Nigeria, May 25, 2017/ -- Nigerian Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days and an Executive Order compelling state agencies to direct at 40% of procurement to Made-in-Nigeria goods and s ...

How Intels And Other Multinationals Aid Unemployment In Nigeria - Investigation

Monday, May 22, 2017
The House of Representatives Chairman on Local Content Hon. Emmanuel Ekon has made a shocking revelation showing how INTELS and other multinationals have rendered thousands of qualified Nigerians unemployed in the oil and gas industry amidst the growing recession in the country, despite the passage ...

Newspapers' vendors demand payment of supply debt from Osun LG, Ministries

Sunday, May 21, 2017
The News Paper Distributors 39; Association of Nigeria (NDAN) Osun State Chapter, has demanded for the payment of debt owed the association by the State Local Government and Ministries. In a press release signed by the association 39;s chairman, Alhaji Muhammed Azeez Olaiya, NDAN claimed it sup ...

Newspapers' vendors demand payment of supply debt from Osun LG, Ministries

Sunday, May 21, 2017
The News Paper Distributors 39; Association of Nigeria (NDAN) Osun State Chapter, has demanded for the payment of debt owed the association by the State Local Government and Ministries. In a press release signed by the association 39;s chairman, Alhaji Muhammed Azeez Olaiya, NDAN claimed it sup ...

Is Content Really King? 

Friday, May 19, 2017
Recently I was thinking of the increase in adoption OTT players have gained and the consequent dilemma it rsquo;s wrapping around operators who now have to grapple with the concern of who owns and influences the consumer. This also got me thinking about something else we tend to hear a lot, that ter ...

NNPC finalising $6bn oil swaps deals for Petrocam, Mercuria, others

Friday, May 19, 2017
As part of efforts to stimulate the repositioning of the downstream sector and sustain supply of petroleum products across the country, the Nigerian National Petroleum Corporation (NNPC) is in the final stage of signing $6 billion worth of deals to exchange 330,000 barrels per day (bpd) of crude oil ...

Nigeria's top five billionaires and their net worth

Friday, May 19, 2017
Nigeria is, in some ways, a rich country. The West African nation is a huge oil producer; the continent's second-largest economy; and, in Lagos, has a bustling port city of over 20 million people with an economy bigger than many African countries. But with almost 100 million people living on less ...

Palm oil could become Nigeria's foremost forex earner: MD, Okomu Oil

Thursday, May 18, 2017
The management of Okomu palm oil company has said that in spite of infrastructure deficit, processed palm oil could become Nigeria's main foreigner exchange earner. The company's Managing Director, Mr. Graham Hefer, told the News Agency of Nigeria (NAN) on Thursday in Benin there was a bright fut ...

Nigeria to launch Africa's first nanosatellite

Thursday, May 18, 2017
Nigeria is to launch Africa's first nanosatellite (an artificial satellite with a wet mass between one and 10 kg 2.2 22 lb) into the orbit, the Director-General of National Space Research and Development Agency (NASRDA), Prof Seidu Mohammed, has said. Mohammed told the Correspondent of the News ...

FORBES Exclusive! How Nigerian Oilman Igho Charles Sanomi II Built A Commodities

Wednesday, May 17, 2017
As we sit down for dinner in downtown Dubai, Nigerian oilman Igho Sanomi is upbeat. Alternating between sips of water and bits of mixed nuts he picks out of an espresso-sized nut cup, Sanomi is telling jokes at the table to a dozen guests, mostly his own employees. He then continues to engage, in ve ...

Why Nigeria's economy remains sluggish, underdeveloped: Obasanjo

Wednesday, May 17, 2017
Former President Olusegun Obasanjo has said that Nigeria has not been able to make progress because successive governments failed to continue with good policies put in place by their predecessors. Also, former Governor of the Central Bank of Nigeria, CBN, Prof. Chukwuma Soludo, said that about 40 p ...

Oando to build 500MW power plant in Kwale

Wednesday, May 17, 2017
Oando Plc has said that it has secured federal government's approval to build a 500Mega Watts, Mw, power plant in Kwale, Delta State that will cater for additional 20 per cent of the nation's power needs. This, according to the company, is in addition to an existing stand-by 500MW power plant in Kwa ...

Senate raises concern over NNPC, CBN, 34 others over non-submission of 2017 bu

Wednesday, May 17, 2017
The Senate on Tuesday raised concern over the failure of federal agencies to submit their 2017 budget proposal to the National Assembly in line with extant law for consideration and approval. The issue was raised by Deputy Senate Leader, Senator Bala Ibn Na'Allah, at the plenary. Na 8217;All ...
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