BUSINESS

New Seaport in Lekki: Lagos Signs Agreement with the Federal Government

The Nigerian Ports Authority (NPA) representing the Federal Government has signed an agreement with the Lagos State Government for construction of a deep seaport in Lekki – an upscale axis, on the Island part of Lagos. The project involves a

Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River

Agreements have been concluded between China-based Sino-Arab Energy and Nigeria’s Osabo Refining and Petrochemical Industry Limited, to build a refinery in Akpabuyo, in Cross River State. The refinery will cost $7.5 billion and will have production capacity for 107,000 barrel

How to Stop Living Salary to Salary

By Joy Ehonwa “Blessed are they who finish their December salary in December, for they shall discover the true meaning of endurance in January.”– Facebook Update. When I saw that status update I started chuckling, and then stopped abruptly when

For Quality of Service, Etisalat Nigeria signs deal with Alcatel-Lucent

After months of reported improved internet service to subscribers, Etisalat Nigeria is going further with a deal to boost its Quality of Service (QoS) with Alcatel Lucent, an international organization on telecommunication services. The new deal comes after previous deals,

With 1 million subscribers, StarTimes to Invest another N15 billion in Nigeria

Pay TV service, StarTimes, that entered the Nigerian market several months ago, with international and local channels, affordable to several households, has bit 1 million subscribers nationally. The service came from partnership between Nigeria and China, with an initial investment

Nigeria prepares new Policy to ease the tempest from Cement glut

Story of glut in the Nigerian cement sector hit the news a few weeks ago – coming as something that’ll taper after festivities or when construction picks up, instead continued and straggled, dragging merchants into fray. It has become a

Lagos-based Online Ad Agency, HotSauce partners US Firm, ECDC on Social Media Platform, Vir2o

A Lagos-based online advertising and marketing firm, HotSauce has signed a deal to be the country rep of US media firm, ECDC for one of its social media engagement platform, Vir2o. The partnership will have HotSauce represent Vir2o in all

Dana Air resumes flights

Dana Air, infamous for its June 3 2012, crash that killed 153 people on board in Lagos will resume flights tomorrow, after a 7 months hiatus. This comes after the Nigerian Civil Aviation Agency found it airworthy and insurance claims

Skye Bank Invests in Travel, finances in-flight Catering Service

Skye Bank is financing an alliance between a Nigerian Company, Global Trade Investment Limited and an International Company, Servair – a subsidiary of Air-France – to provide catering service for flight passengers travelling through Murtala Muhammed International Airport in Lagos.

Fired Up, But Going Nowhere!

Hi, If you’re like me, you’re pretty excited and can’t wait for the New Year to begin so you can take some bold steps and get the year started right! So you’re fired up, motivated, pressing your foot on

Going Strong Into 2013, Heirs Holdings Reviews a Year of Achievements

The senior management of Heirs Holdings, the African proprietary investment company chaired by Tony Elumelu, C.O.N., convened at the Transcorp Hilton, Abuja this month to review 2012, which saw the company’s portfolio record impressive growth, and to chart 2013 objectives

7 Questions to Ask When Starting a Family Business

By Pamela Agboga Many couples are well blended not just in marriage but also in business. Many families are household names because of their business acumen. Think Kardashians. Reality show or something more serious, here are some questions to answer

5 Tips for Writing a Compelling Business Proposal

Some weeks ago I received a call from a friend of mine, asking me how he should go about writing a business proposal. I giggled a bit before responding, because I felt he ought to be able to draft a

3 Legal Documents to Safeguard Your Health and Business

As the number of diseases discovered increases daily, and with majority of the new ones (particularly those cancer-related) still baffling scientists as to the causative factors, and most of them not having a sure cure yet, life expectancy has dropped

ConocoPhillips leaves Nigeria, sells assets to Oando for $1.79 billion

Global oil-giant, ConocoPhillips is leaving Nigeria, after years of operating oilfields at several parts of the country. ConocoPhillips is selling its assets to Oando Energy Resources (OER) for $1.79 billion plus customary adjustments. This will extend Oando’s asset in onshore

Tourism: Why Invest In It?

When you hear the word “tourism”, what’s the first thing that runs through your mind? Travels and tours I guess? But in the real sense tourism goes beyond that, so let me try and shift your perspective a little. What

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