Category: Business

Nigeria, Africa’s Largest Economy Moving out of Recession

*Ghana’s growth continues to be strong* The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team...

Commodity Exchange MD Wants Right Policies to Boost Non- oil Sector

The Managing Director, Nigeria Commodity Exchange (NCX), Mrs Zaheera Baba-Ari has solicited for “the right policy initiatives” aimed at boosting the country’s...

NETCO Declares N3.257bn Profit for 2017

National Engineering and Technical Company (NETCO) Limited has posted a surprise profit of N3.257 billion for 2017 financial year, marking twist of story in the services...

Shell in Another Crisis over OML 42 Divestment

Crisis around Shell’s commercial operations in Nigeria appears endless as indigenous producer, Neconde, might be dragging the Anglo-Dutch multinational to arbitration...

Africa Blue Economy Forum Holds in London June

The first Africa Blue Economy Forum (ABEF)  is to be held in London on 7-8 June 2018, to coincide with World Oceans Day. More than 150 delegates and speakers are...

Marriott Unveils Unified Loyalty Programs with One Set of Benefits

Marriott International on Tuesday announced it will introduce one set of unified benefits across Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest...

NCC, CBN Drill Teleology Holdings for 9Mobile Acquisition

Teleology Holdings Limited, a firm positioning to acquire 9Mobile must be able to demonstrate adequate technical capacity to scale the competency bars being raised by...

Airtel, MTN Lead Pack for 100.9m Internet Users in NIgeria

*MTN meets govt stakeholders ahead of market launch Two telecommunications giants, Airtel and MTN, are in competition in a renewed race for internet subscription in...

Value Chain Key to Export Driven Economy, Says Shippers Association Chairman

Chairman of Rivers/Bayelsa Shippers Association (RIBASA), Mr Offon Udoffia, has said that the value chain productive system is key to export driven economy for wealth...

Ecobank Group Partners with MTN to Deepen Financial Inclusion Across Africa

MTN  has announced a collaboration with Africa’s leading independent banking group, Ecobank Transnational Incorporated (ETI), enabling both companies  to...

Eko Disco Refutes Allegations of Non-remittance to NBET

*Explains power outage in Ikoyi, others* BY REMI FAYEMI in Lagos• The Eko Electricity Distribution Company has said it remitted payment in respect of the bulk energy...

CIIN Partners CII-UK to Boost Human Capital in Insurance

The Chartered Insurance Institute (CII) United Kingdom have reiterated their partnership to boost human capital in the insurance industry in Nigeria. According to a...

Sani Says His Committee Yet to Receive Letter of Request on $2.5bn Eurobond

Chairman, Senate Committee on Local and Foreign Debts,  Sen. Shehu Sani, says his committee is yet to receive any letter from the Presidency to the Senate on the...

Breach of Property Lease: Court Dismisses Landlord’s Suit against UBA

Justice Bola Okikiolu-Ighile of an Igbosere High Court in Lagos on Tuesday dismissed the N36.8 million suit filed by a Lagos businessman, Alhaji Azeez Ayomumoye,...

FAAN to Complete Installation of CCTV at Lagos, Abuja Airports Airside Soon

The ongoing installation of Closed Circuit Television (CCTV) cameras at the airsides of the Murtala Muhammed Airport (MMA), Lagos and the Nnamdi Azikiwe International...

FG Receives N263.28bn from FAAC Allocation in February, Says NBS

The National Bureau of Statistics (NBS), has said that the Nigerian Government received a total of N263. 28 billion from the N635.55 billion Federation Account...

Ecobank Mobile App Reaches 4m Users Milestone in Africa

The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The...

Nigeria to Earn $200bn from Lekki Deep Seaport

BY REMI FAYEMI in Lagos• Nigeria is expected to earn about over $200 billion from the operations of the Lekki Deep seaport in Lagos State when its fully operational....

Nigeria Can Become Major Wine Producer with Govt Support, Says Entrepreneur

An Aba-based entrepreneur, Mr Longinus Chima, says with the country’s natural endowments and government’s support, Nigeria can become a major producer of exotic and...

Expat Says Delay in Passage of 2018 Budget Unhealthy for Economy

Worried by the unnecessary procrastination by the National Assembly, an economist, Mr. Boniface Okezie, has said that the delay in passage of the 2018 budget proposal is...