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Latest News Bayelsa PDP stalwart drags party to court over N85m unpaid rent Governor Okowa’s 4 years a blessing to Deltans — Aide Five Unizik law students bag scholarships Elumelu dismisses allegations of sexual harassment, attempted wife snatching Pastor demands justice over killing of son allegedly ordered by Abuja socialite How to make visa applications successful — Envoy Killings: Military chiefs storm Katsina on Buhari’s order 14.4m Nigerians take hard drugs — UN Okorocha laments as EFCC freezes Imo Government accounts REVEALED: How Yahya Jammeh ordered illegal execution of nine Nigerians in Gambia — Falana FG seeks help of Nigeria Shippers Council, Nigeria Ports Authority to tackle Apapa gridlock Outrage over parade of children for adoption in shopping centre

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (481,987 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (420,146 views) Shameless Genevieve Nnaji exposes breasts in public (358,699 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (307,111 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (270,972 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (241,628 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (229,674 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (211,459 views) 10 cars more expensive than Jets (203,643 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (200,811 views) Lagos plane crash: Journalist releases victims’ names (181,588 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (181,568 views)

 

2019 budget in trouble as Nigeria misses 2.3m oil production target

2019 budget in trouble as Nigeria misses 2.3m oil production target The N8.92 trillion 2019 Appropriation Bill passed by the National Assembly may already be in trouble of faithful implementation as a fundamental source of its implementation has become apparently unrealisable. Almost five months into the year, the country has been unable to meet its 2.3 million barrels per day crude production...... more

BREAKING: Senate confirms Emefiele for second term as CBN Governor

BREAKING: Senate confirms Emefiele for second term as CBN Governor The Senate has confirmed the reappointment of the governor of the Central Bank, Godwin Emefiele. This followed the presentation of report of the Committee on Banking, Insurance and Other Financial Institutions, during the plenary, on Thursday, on the renewal of the Appointment of Godwin I. Emefiele as Governor Central Bank of...... more

17 states insolvent, only 10 economically viable — Report

17 states insolvent, only 10 economically viable — Report The Economic Confidential has released the Annual States Viability Index (ASVI) for which shows that 17 states are insolvent as their Internally Generated Revenues (IGR) in 2018 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year. The index carefully and painstakingly computed proved...... more

BREAKING NEWS: Buhari Nominates Emefiele For Second Term as CBN Governor

BREAKING NEWS: Buhari Nominates Emefiele For Second Term as CBN Governor President Muhammadu Buhari has nominated the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for a second term, according to a breaking news from the Presidential Villa, Abuja. "A letter for the tenure renewal was signed by Buhari on Wednesday and has now been sent to the senate for...... more

7 banks pay N144.99m fine

7 banks pay N144.99m fine Seven banks quoted on the Nigerian Stock Exchange (NSE) paid N144.99 million as fines to regulators in 2018 for various contraventions. Investigations by the News Agency of Nigeria (NAN) indicated that the fines were paid to the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC) and the Financial...... more

Government must create favourable tax policies — Elumelu

Government must create favourable tax policies — Elumelu  The Average Business Owner in Nigeria is a local government authority Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation, Tony O. Elumelu, has called for far reaching Tax reforms and for the National Assembly to urgently pass the Executive Tax bill into law. Elumelu made this statement as he delivered the...... more

Africa won’t develop without technology — World Bank

Africa won’t develop without technology — World Bank The digital transformation of Africa will foster economic growth and reduce poverty the World Bank Vice-President for Africa, Mr Hafez Ghanem, has said. Ghanem expressed the view on Saturday at the launch of the April 2019 Africa Pulse Report, which analyses issues shaping Africa’s economic future. The report was launched in...... more

The hare brained campaign to push Ndi Igbo out of their rightful business positions in Nigeria

The hare brained campaign to push Ndi Igbo out of their rightful business positions in Nigeria I’m getting weary hearing all these discordant voices asking Ndi Igbo to go home! What are the Chinese doing all over the world, setting up businesses and investing heavily in all sectors? This is becoming terribly suffocating to even read such from supposedly educated folks in this century! Why should we...... more

WTO delivers ruling on 15-year-old Boeing vs Airbus rift

WTO delivers ruling on 15-year-old Boeing vs Airbus rift The World Trade Organisation (WTO) is set to make its final ruling over subsidies for rival aircraft makers Boeing and Airbus, a dispute that has pitted the United States against the European Union over the past 15 years. The expected WTO verdict will decide whether the U.S. has stopped bolstering Boeing...... more

Afreximbank develops Pan-African Payment and Settlement Platform

Afreximbank develops Pan-African Payment and Settlement Platform The African Export-Import Bank (Afreximbank) is developing a Pan-African Payment and Settlement Platform to facilitate intra-African trade payments and settlement in African currencies. President of the Cairo, Egypt-based bank, Prof. Benedict Oramah, disclosed this on Tuesday while delivering The Bullion Lecture 2019 at The Civic Centre, Victoria Island, Lagos. He said...... more

Emefiele and financial inclusion in Nigeria, By Andrew Idakwo

Emefiele and financial inclusion in Nigeria, By Andrew Idakwo In developing countries, there is a consistent challenge of ensuring that more and more persons, especially those in the rural areas and the poor, have access to financial services. Therefore, the term ‘financial inclusion’ is a constant recourse when the plight of the rural poor is discussed. Their access to micro-credit...... more

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

 

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