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Latest News Boko Haram fighters kill 23 soldiers: Security sources Catholic Priest stabbed during mass BREAKING: Bauchi State Finance Commissioner resigns Nigeria deports 4 Ghanaians At least 60 killed in bus collision INEC lists condition to issue Okorocha senator's return certificate Bayelsa Judicial Commission of Inquiry invites Sylva, Lokpobiri, NDDC Boss, other APC chieftains 47,000 applications received for 1,000 teaching positions in Delta State Adeleke’s triumph at Osun Guber Tribunal a victory for democracy — PDP Bauchi Poll: Why election will not hold in Tafawa Balewa LGA — INEC Supplementary Elections: Police restrict vehicular movement in FCT Edo Govt. warns against stigmatisation of Lassa fever survivours

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (461,159 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,528 views) Shameless Genevieve Nnaji exposes breasts in public (346,537 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,354 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,656 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,555 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,675 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,387 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,732 views) 10 cars more expensive than Jets (177,652 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,951 views) Lagos plane crash: Journalist releases victims’ names (175,829 views)

 

Nigeria to sell stakes in joint oil assets to boost coffers

Nigeria to sell stakes in joint oil assets to boost coffers Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession. Oil companies including Royal Dutch Shell, Chevron and ExxonMobil, operate in Nigeria through joint...... more

Making CBN’s policy rescue of textile industry work

Making CBN’s policy rescue of textile industry work Nigeria’s moribund textile industry has received a boost in a Central Bank of Nigeria policy measure, restricting the sale of foreign exchange to importers of textiles and other clothing materials in the country. Announced recently, the directive takes immediate effect. The strategy is aimed at stimulating economic growth, reviving the sub-sector...... more

Ex-UNILAG VC, Prof. Ibidapo-Obe advises tech start-ups to emulate new Konga strategy

Ex-UNILAG VC, Prof. Ibidapo-Obe advises tech start-ups to emulate new Konga strategy Prof. Oye Ibidapo-Obe, a former Vice-Chancellor of the University of Lagos (UNILAG), has advised tech startups to emulate the new Konga. He gave this charge in a recent engagement with budding entrepreneurs, business owners and other Ph.D. students in Lagos. According to Prof. Ibidapo-Obe, Konga has sprung a surprise in the...... more

Why WFWI invested N571m in Nigeria’s economy to groom women

Why WFWI invested N571m in Nigeria’s economy to groom women The contribution of women in societal and economic transformation cannot be over-emphasised. For societies to thrive and develop, gender equality is essential and their contribution of utmost importance. As its contribution to societal development, WfWI envisions a world in which all women determine the course of their lives and reach their...... more

CBN dismisses allegations of N306/$ sleaze

CBN dismisses allegations of N306/$ sleaze The Central Bank of Nigeria (CBN) has swiftly dismissed claims in a story on the front page of today’s edition of BusinessDay newspaper titled, “Exposed The Sleazy Face of N306/$, inside Nigeria’s racket where faceless agents pocket over N32bn annually”. BusinessDay alleges in the report that faceless agents in Nigeria are...... more

Building confidence in Nigeria’s tough e-commerce market

Building confidence in Nigeria’s tough e-commerce market Despite the positive projections and huge potential locked in Nigeria’s emerging e-commerce landscape, the sector is proving more than a tough nut to crack for the majority of players in the country. Even for the sector’s pioneers, the struggle is real. ECOMMERCE IN NIGERIA: AN EVOLUTION Heralded by BuyRight Africa.com, a...... more

Why only truly indigenous e-commerce companies are champions

Why only truly indigenous e-commerce companies are champions By midday on Tuesday, September 4, 2018, a remarkable development, whose reverberations are still felt today, shook the e-commerce world and the whole of Wall Street. Amazon, an American e-commerce giant, had followed Apple Inc. to become the second U.S. company to reach $1 trillion in market value after the company’s...... more

‘BLACK FRIDAY, an insult to Africans and Nigerians’

‘BLACK FRIDAY, an insult to Africans and Nigerians’ Be original. That’s my best advice. You’re going to find that there’s something that you do well, and try to do it with as much originality as you can, and don’t skimp on the words. Work on the words – Bob Seger Consumerism is the engine of our contemporary society. It...... more

Coca-Cola moving ahead with takeover of Chi juice

Coca-Cola moving ahead with takeover of Chi juice Coca-Cola is moving ahead with plans to take over Nigeria’s leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. The acquisition for an undisclosed price is one of several steps the U.S. company is taking in a global strategy to diversify...... more

NCC should stop arbitrary charges by telcos, by Ebun-olu Adegboruwa

NCC should stop arbitrary charges by telcos, by Ebun-olu Adegboruwa I have noticed in recent times that virtually all the telecommunications companies have adopted a secrete method of fleecing their subscribers through a prohibitive data regime. With the recent increase in Facebook subscriptions, the proliferation of WhatsApp platforms and other social media devices, the Telcos have suddenly turned data subscription into...... more

Africa not ready for super fast 5G network — MTN’s CEO

Africa not ready for super fast 5G network — MTN’s CEO Africa is not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in about five years from now, MTN’s chief executive officer said on Tuesday. Rob Shuter told Reuters at a telecoms conference in Durban that his position was due to the fact that most...... more

The COO Dilemma: Building sustainable growth capacity in exponential times

The COO Dilemma: Building sustainable growth capacity in exponential times The emergence and proliferation of exponential technologies such as AI and IoT will challenge organisations' ability to innovate at speed and scale to remain competitive. Within a few years, modern executives will have to consider the impact of machine learning, artificial intelligence, IoT and even quantum computing on their businesses. These...... more

Abia State: Welcome to the new economic frontier of Nigeria, By Sam Hart

Abia State: Welcome to the new economic frontier of Nigeria, By Sam Hart It has been long accepted by developmental scholars and social scientists that the primary responsibility of a leader is to envisage the best future for the led and set the right parameters in place for them to attain lofty heights. A leader is not always required to do the heavy lifting....... more

NELMCO’s example in public assets disposal, By Abdulahi Ibrahim

NELMCO’s example in public assets disposal, By Abdulahi Ibrahim   Nigeria is witnessing many developments. In an era of many controversies, a positive aspect still appears in an obscure corner. Disposal of public assets can conform with due process and extant laws. In this regard, an agency is walking the talk.  As civil society activists, we pry over many agencies...... more

NNPC as hostage-taker and the ominous signs ahead, By Emmanuel Ado

NNPC as hostage-taker and the ominous signs ahead, By Emmanuel Ado “The first step towards success is taken when you refuse to be a captive of the environment in which you first find yourself” - Mark Caine. As it has become routine, the monthly meeting of the Federation Accounts and Allocation Committee (FAAC), where the federal, the 36 states, the Federal Capital Territory...... more

Intermodal transport system essential for port efficiency – NIMASA DG

Intermodal transport system essential for port efficiency – NIMASA DG The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that for any country to achieve efficiency at its ports, intermodal transport system is an essential factor to consider. The DG who was addressing journalists in Lagos noted that in order to attract investment to...... more

How to grow the Nigerian economy: IMF

How to grow the Nigerian economy: IMF The International Monetary Fund (IMF) has outlined three major reform areas needed to boost growth rates in Africa’s largest economy. In an exclusive interview with BusinessDay yesterday, May 30, Abebe Aemro Selassie, Director, Africa Department of the Fund said he still expects that the country’s economic growth will hit the 2.0...... more

Refocusing Nigeria’s Economic Recovery Plan on poverty alleviation, By David Emoche

Refocusing Nigeria’s Economic Recovery Plan on poverty alleviation, By David Emoche Despite recent commendable indices pointing to Nigeria’s gradual economic growth and exit from recession, poverty alleviation still remains a mirage. As noted by the International Monetary Fund (IMF), whose aim is to help member countries achieve macro-economic stability and reduce poverty, the government’s Economic Recovery and Growth Plan (ERGP) has not...... more

Gas production and utilisation in Nigeria: Problems and prospects, By Prof. Chijioke Nwaozuzu

Gas production and utilisation in Nigeria: Problems and prospects, By Prof. Chijioke Nwaozuzu For domestic natural gas utilisation to increase significantly, the International Oil Companies (IOC’s) will have to meet their domestic gas supply obligation (DGSO) targets. The Nigerian Gas Master Plan (GMP) stipulated a revised transitional pricing structure for gas to power projects in 2010, and ultimately a price of $2.50 per MMBTU...... more

Of CPC, and EEDC as cog in the wheel of progress, By Okechukwu Keshi Ukegbu

Of CPC, and EEDC as cog in the wheel of progress, By Okechukwu Keshi Ukegbu It was a sigh of relief for electricity consumers recently, as the Consumer Protection Council (CPC) disclosed that “arbitrary billing and group disconnection of electricity consumers without consideration for those paying their bills constitute a gross abuse of consumer rights.” Though this is coming late from CPC, it is better it...... more

Ohakim’s Oak Refinery a failed project?

Ohakim’s Oak Refinery a failed project? Burdened with the need to create a robust economy for Imo State, make her independent on the bowel-in-hand monthly allocation from the Federal Government, make her really be like other oil producing states and a proud member of the Niger Delta states, Dr Ikedi Ohakim, in the midst of global economic...... more

Gaining competitive advantage in today’s business through innovative human resource technology

Gaining competitive advantage in today’s business through innovative human resource technology The value of an organisation is no longer judged solely by tangible assets. Investors and shareholders all over the world now recognise the importance of intangible assets to a firm’s strategic goals and profitability in today’s global marketplace. Market leaders now recognize HR as a critical part of their overall business...... more

Senate passes Petroleum Industry Bill

Senate passes Petroleum Industry Bill The Senate on Wednesday passed the much-awaited Petroleum Industry Governance Bill (PIGB), with approval of five per cent levy on fuel sold across the country. This was sequel to unanimous adoption of the report on the Bill presented by Chairman, Senate Committee on Petroleum (Upstream), Sen. Tayo Alasoadura, by the lawmakers...... more

Need for Government support for modular refineries financing in the Niger Delta, By Prof Chijioke Nwaozuzu

Need for Government support for modular refineries financing in the Niger Delta, By Prof Chijioke Nwaozuzu A recent publication on the 22nd February 2018 by SweetCrude, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region. Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian...... more

Tribunal absolves defendants of negligence in share sale dispute

Tribunal absolves defendants of negligence in share sale dispute The Investments and Securities Tribunal (IST) sitting in Enugu, has delivered a judgment absolving five defendants of negligence in a share sale suit instituted by a claimant. The tribunal delivered judgment on suit number IST/EN/OA/04/13 involving one Mr George Nnona as claimant and Guaranty Trust Bank Plc, Securities and Exchange Commission...... more

Nigeria’s economy remains vulnerable, IMF warns

Nigeria’s economy remains vulnerable, IMF warns The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices with improved revenues restricted to the energy and agriculture sectors. The assessment, published in a report on Wednesday, came in its Article IV consultation, an annual appraisal...... more

The cloud could be the strongest business weapon yet

The cloud could be the strongest business weapon yet “The snowball effect of cloud computing is the increasing manner in how businesses meet their IT needs,” says Anton Jacobsz, managing director at African value-added distributor, Networks Unlimited. He explains this “manner” as a move away from the once traditional and standard “be all and end all of IT success”, the...... more

Deception Technology comes of age

Deception Technology comes of age Deception is usually frowned on by most societies and can carry negative connotations. But can deception ever be a positive? Cybersecurity company Attivo Networks believes that it certainly can be. Anton Jacobsz, managing director at Networks Unlimited, an African value-added technology distributor of Attivo Networks, says, “Companies are recognising more and...... more

Thinking of buying bitcoin? Read this first

Thinking of buying bitcoin? Read this first The final months of 2017 brought all-out bitcoin mania. The value of the digital asset soared near $20,000, then settled back down below $15,000, and is up nearly 1,500% this year; Coinbase, the bitcoin brokerage, surpassed 13 million users and briefly became the No. 1 smartphone app on the iOS App...... more

Osun-Turkish Cooperation: Lessons from concession agreement, By Inwalomhe Donald

Osun-Turkish Cooperation: Lessons from concession agreement, By Inwalomhe Donald  The Osun State Government recently signed a concession agreement with all works of life (AWOL) International Limited, for the completion of the MKO Abiola International Airport, Ido-Osun. The signing of the concession agreement, which is to annex the infrastructural development of the state, was held at the State Secretariat. AWOL International...... more

 

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