ECONOMY

#PhotoSpeaks: LCCI’s Press Briefing

The Lagos Chamber of Commerce and Industry held a press conference on 28th September, 2015, to notify the public of its preparations towards the 29th edition of the Lagos International Trade Fair which is set to hold at three different

FG Partners China on Agricultural Development in Nigeria

The Federal Ministry of Agriculture and Rural Development has mapped out plans to partner the Chinese government in the enhancement of agriculture development, according to ThisDay Newspaper. The Permanent Secretary of the ministry, Arc. Sonny Echono, stated this in Abuja

Kellogg Buys Stake in African Food Distributor

Kellogg, maker of Froot Loops and Corn Flakes cereals, is looking abroad for growth. Chief Executive Officer John Bryant said in a statement that sub-Saharan Africa is a “tremendous opportunity” for Kellogg, with a population of almost 1 billion and

Synopsis for Empire Season 2 is Out!

Ever got to work in the morning, signed into your computer and then quietly scanned through your google alert but then one particular one caught your attention … you scroll back, shout hallelujah, do a happy dance then remember you

iPad Nigeria Mining Forum Set to Relaunch Nigeria as a Mining Destination

PwC Nigeria, one of the largest professional services firms in Nigeria will be partnering with Spintelligent and the African office of UK company, Clarion Events Ltd to relaunch Nigeria as a mining destination through the iPad Nigeria Mining Forum. The

UN Agency Promises to Boost Nigeria’s Currency if It Backs Abortion

The UN population agency has told the Nigerian government to change its position on reproductive health last week after setbacks in advancing abortion and sexual rights for adolescents in Africa. The UN Population Fund (UNFPA) told Nigeria to take back

Nigerians Dominate African Business Awards Nominations

Nigeria is leading the nominations for the upcoming 2015 African Business Awards. Among the nominees are Aliko Dangote, the Chief Executive Officer of the Dangote Group, and Oscar Onyema, Director General of the Nigerian Stock Exchange. Both men were nominated

JP Morgan Vs Naija

I’m in torn about JP Morgan’s decision to remove Nigeria from its Government Bond Index. The selfish part of me is naturally concerned about the negative impact it will have on business and my pocket. After all, the long line

BoI Makes Investment Commitment of $6 Million in SMEs

Bank of Industry (BoI) released a statement on Monday stating that it had made an investment commitment of $6 million (N 1.2 billion) for SMEs in Nigeria through the $60 million Venture Capital Fund raised by Grow Africa Equity Partners

CBN Revises Policy on Oversees Corporate Card Transactions

According to an official statement by Stanbic IBTC Bank, following a revised policy from the Central Bank of Nigeria (CBN) on cards issued by Nigerian Banks to corporate organizations, it will no longer be possible to carry out overseas transactions

Nigerian Researchers Invent New Techniques to Boost Agricultural Production

The West Africa Agricultural Productivity Programme, in partnership with three Nigerian research institutes, have developed new fish drying and packaging techniques to accelerate local food production in Nigeria, APA reports. The institutes include: The Nigerian Stored Product Research Institute (NSPRI),

The Nigerian Economy: The Role of SMEs

Small and Medium Enterprises (SMEs) as defined by the National Council of Industries are business enterprises whose total cost excluding land is not more than two million naira (N2, 000,000) only. The Federal Ministry of Commerce and Industry defines SMEs

Al Jazeera Launches New Documentary, “My Nigeria”

Premiering on Al Jazeera English on 24 August 2015, “My Nigeria” is a series of six half-hour documentaries telling the human story and pulsing with the energy of Africa’s leading economy. From stand-up comedian, Basketmouth to Nollywood star turned politician,

Win a Samsung Galaxy S6 Edge

The Police Selfie NG is an initiative of Nigerian Police Force (Lagos Command) and Playcenter Nigeria to promote a respectable and cordial relationship between Nigerians and police officers. Every day, Nigerian police officers put their lives at risk in order

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