BUSINESS

Nigeria to Overtake South Africa as Continent’s Largest Economy

A poll by Reuters has found that Nigeria is likely to take South Africa’s position as the continent’s largest economy within the next two years. Nigeria’s GDP is projected to increase exponentially when it is rebased at the end of

DHL Invests in West African Infrastructure

DHL, the world’s leading logistics company, has announced an investment in both a facility and air infrastructure in West Africa, to meet the demand for express and freight services in the region. The recent investment includes the launch of a

Cyber Security: Policing Unmarked Borders (1)

One of the contents I like to throw into discussions about the cyber world is my regrets of a late initiation into cyber space. Knowing the endless capacity of the Internet today, I have often dearly rued my late admission.

How to Spend Smart this Yuletide

Recognizing our local businesses by buying indigenous quality products and services might constitute spending smart this season. If we take into consideration how much we lose as a country by using foreign products and services, we might have to reconsider.

Nigeria, Russia to Promote Investment in SMEs

Nigeria’s relationship with other countries might start to pay off soon. Nigeria is working on bringing in Russian investors with focus on building SMEs and two other sectors of the economy – the oil and gas and agricultural sectors. To

Visitors Dazzled at e-Business Fair; Win Fantastic Prizes

Prior to winning an Apple iPad at a raffle during the 2013 Connect Nigeria e-Business Fair, Hosanna Oluwatosin Akinbohun had never won a prize in a lottery pick. Akinbohun was ecstatic when his name was announced as the winner of

Renaissance Credit Now Offering Soft Loans in 24 Hours

Renaissance Credit Nigeria has said it has started offering Nigerians soft unsecured loans between N50,000 and N500,000 within 24 hours of application. The requirements for loan grants include bank statement, means of identification, employment letter or proof of business. The

Firstbank Launches e-Commerce Platform

First Bank Plc has partnered 3AL Limited for a portal to provide various services including retail, insurance products and e-ticketing solutions. The portal, www.3al.com is, according to First Bank, Nigeria’s first social commerce channel which has social media and e-Commerce

Main One Gets Loan Facility; To Build Data Centre

Main One Cable Company, a communications services company with submarine cable from Portugal to West Africa, has signed $100 million re-financing facility agreement with four Nigerian banks. It has also announced its intention to complete a $25 million data centre

FG Hands Over PHCN to New Owners

The Federal Government of Nigeria handed over the Eko Distribution Company, Marina, Lagos to the new owners, West Power and Gas Limited on November 1, 2013. On the same day in 10 different locations across the country, similar ceremonies involving

Career & Business Edge Courses at Ciuci Consultancy; Connect Nigeria Gives 12.5% Discount

As part of its corporate objectives in creating growth and development opportunities for small and medium enterprises, Connect Nigeria is offering N2, 500 off courses signed up for at Ciuci Consulting through its website. The courses are aimed at improving

CBN Governor Delivers Keynote Address at Connect Nigeria e-Business Fair

Mallam Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, on Saturday 26th October, delivered a keynote address at Nigeria’s first e-business fair, organised by Connectnigeria.com. The CBN Governor’s address, titled “Importance of a Cashless Society to Economic Growth

e-Business Fair Gathers Thousands of SMEs With Industry Experts

Connectnigeria.com hosted over two thousand visitors at the Orchid Hall, Expo Center, Eko Hotel and Suites on Saturday 26th October 2013 to its annual business fair, which was themed “E-Business and the Growth of Your Enterprise.” Present at the event

Zenith Bank Announces N69Bn Profit After Tax for 9 months in 2013

Zenith Bank Plc has reported N69 billion as its profit after tax (PAT) for the nine months ending September 30, 2013. It submitted the report to The Nigerian Stock Exchange (NSE) saying loans and advances portfolio hit N1.1 trillion. The

Doing Business Report: World Bank Ranks Nigeria 147

The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration,

Stanbic IBTC Announces N20 Billion Profit for 9 months in 2013

Stanbic IBTC has announced its pretax profit for 9 months in 2013 in a filing with the Nigerian Stock Exchange. It submitted that profit rose by 126 percent to 20 billion naira from 9 billion naira in the same period

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