ECONOMY

Petroleum Contributed N1.942t to GDP in Q3 2015

According to a recent National Bureau of Statistics report, the oil and gas sector contributed a sum of N1.942 trillion to the nation’s Gross Domestic Product (GDP) in the third quarter of 2015, as reported by the Vanguard. The breakdown

Nigeria Records GDP Growth in Q3 2015

According to a recent public statement by the National Bureau of Statistics, Nigeria’s Gross Domestic Product has increased by 2.8 percent from a year ago, as cited by Bloomberg Business News. This was reportedly announced by the bureau in an

FG Announces Plans to Invest in Renewable Energy

The Federal Government is considering the use of alternative energy sources for electricity supply including renewable energy, The Nation news reports. This was announced by Vice President Yemi Osinbajo yesterday while receiving a delegation of the Nigeria Atomic Energy Commission

World Bank Pledges Support to Nigerian Mining Sector

The World Bank has made a pledge to support the Nigerian Export-Import Bank (NEXIM Bank) in an effort to accelerate progress in the Nigerian mining sector. This was made known during a visit with Senior Mining Specialist, Energy & Extractives

Over 40 Million Accounts Enrolled in BVN Registration Exercise – CBN

The Central Bank of Nigeria has declared that over 40 million accounts have been enrolled in the Bank Verification Number (BVN) registration exercise. The BVN registration exercise ended on 31st October, 2015. According to the CBN, statistics by the Nigerian

CBN Extends Deadline for BVN Registration for Nigerians in Diaspora

Central Bank of Nigeria (CBN) has announced the extension of the deadline for Nigerian bank customers in the diaspora to enroll for their BVN to January 31, 2016. A statement by CBN Director, Corporate Communications, Alhaji Ibrahim Mu’azu, explained that

World Bank Ranks Nigeria 169th in Doing Business Report

The World Bank has ranked Nigeria 169 out of 189 countries in its latest report on the ease of doing business globally. A statement by the Head of Communications of the World Bank in Nigeria, Mr. Obadiah Tohomdet, on Tuesday

Overcoming Poverty

“Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.” – James A. Baldwin Not too long ago, I came across statistics showing the level of poverty in the world today. The numbers are

LCCI to Organise Seminar on Cashless Economy

The Information Communication Technology and Telecommunications Group (ICTTG) of the Lagos Chamber of Commerce and Industry (LCCI) is set to hold a seminar tagged “The Role of ICT in a Cashless Economy” in Lagos. The president of the Lagos Chamber

Africa’s Poverty Rate Drops to 43%, New World Bank Report Reveals

A new World Bank report has put Africa’s poverty rate at 43 per cent compared to a previous figure of 56 per cent. The World Bank Vice President, Africa Region, Mr. Makhtar Diop said during a video conference on End

EU, 12 Countries to Participate in 2015 LCCI Trade Fair

The Chairman, Trade Promotion Board of the Lagos Chamber of Commerce and Industry (LCCI), Dr Michael Olawale-Cole on Friday said the European Union (EU) had indicated interest to participate in the 29th edition of the Lagos International Trade Fair which

Meristem Launches First Naira Trading Platform

Meristem Securities Limited has launched a new trading platform, MeriFX. This platform is Nigeria’s first naira multi-derivative assets platform. With the new trading platform, one can now trade Forex, commodities, indices and equities all from one trading account in Naira.

Access Bank Plc. Receives the Global Banking Alliance for Women Market Champion 2015 Award

During the just concluded 14th annual summit of the Global Banking Alliance (GBA) for Women in Sao Paulo, Brazil, Access Bank bagged the Women’s Market Champion 2015 award alongside banks across the world which had implemented successful women market programmes.

Nigerian Students Bag Awards at Shell Eco-marathon

The Shell Eco-marathon South Africa is an initiative that seeks to inspire young people around the world to develop new approaches and energy efficient solutions to the future of mobility. This year, the competition brought 20 participating teams from different

5 Countries to Invest in Nigeria’s Mining Sector

Alhaji Sani Shehu, the President, Miners Association of Nigeria, has announced that five countries have declared interest in investing in Nigeria’s mining sector. According to the report made available to News Agency of Nigeria (NAN) in Abuja, the countries are

Business Profile: The Releaf Group

The Releaf Group is an African management consulting firm that is focused on agriculture, technology and business. The company partners with clients from the private, public, and not-for-profit sectors in Africa to amplify their highest yield prospect, address their most

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