ECONOMY

Agriculture Minister, Akinwunmi Adesina Speaks on the Fishing Industry in Nigeria

Akinwunmi Adesina, Nigeria’s Minister of Agriculture and Forbes Africa Person of the Year 2013, stated on Monday that producing healthy foods and creating wealth for Nigerians is his top priority. He made this declaration on Channels Television as he defended

British Airways Launches ‘Leaders of Tomorrow’ Initiative

British Airways announced last week its launch of a capacity building initiative tagged “Leaders of Tomorrow” in a move towards deepening the airways contribution to the development of Nigeria’s aviation industry. A core part of this initiative will consist of

FCMB Commits $400m to Power Sector

Mr. Tolu Osinibi, Executive Director of First City Monument Bank (FCMB) Capital Market Limited, has announced the bank’s plan to spend about $400 million to Nigeria’s power sector financing. The ED made the announcement while speaking at the Power Investors’

Nigeria Will Be 15th Largest Economy in the World by 2050 – Jim O’Neill

Nigeria is on track to becoming the 15th largest economy in the world by 2050, said Mr Jim O’Neill, a former Chairman of Goldman Sachs Asset Management. O’Neill said Nigeria could achieve this feat if its large population actively participates

Arik Air Savours African Achievers Award

Arik Air has won the award for the Organisation of the Year by the African Achievers Award in Accra, Ghana. Mr. Chris Ndulue, Managing Director of Arik Air, stated at the event that the award is a testimony to the

D’banj Launches Koko Gaari at ONE Campaign Opening

Nigerian pop singer and international icon, D’banj, has unveiled the first product of his Koko Farm, Koko Gaari, yesterday in Abuja. The singer presented the packaged cassava flakes popularly called gaari while speaking at the ONE Do Agric Campaign launch

Nigeria Summit 2014: The Economist Event ‘Turning Growth into Prosperity’ to Hold in Lagos

The Economist Events, events arm of The Economist, has finalized plans to hold the tenth edition of its annual Nigeria Summit in Lagos themed ‘Turning Growth into Prosperity’. The summit will hold from March 24th through to 25th at

Nigerian Economic Summit Opens In Abuja

The 20th edition of the Nigerian Economic Summit has kicked off in Abuja. The event which will last from 18th March through to 20th is being held at the Transcorp Hilton Hotel, Abuja with the theme: ‘Transforming Education Through Partnerships

Farmers to Earn N42 Billion Income From Wheat Production

Nigeria’s Minister of Agriculture, Dr. Akinwumi Adesina, has announced that farmers in the country will be generating about N42 billion from wheat production. The minister made this announcement during the 2014 Wheat Farmers’ Day in Kadawa, Kano State. The programme

Agriculture Minister Appoints D’banj Ambassador for Nagroprenuers

The Minister of Agriculture and Rural Development, Akinwunmi Adesina, announced one of Nigeria’s music icons, Dapo ‘D’banj’ Oyebanjo, as the Ambassador for the Nagroprenuers Initiative in Abuja, yesterday. The minister said, “I will want D’banj to be the Ambassador for

Factors to Consider before Starting a Snail Farming Business

Raising snails for food is known as Heliculture. Snails belong to the second largest group in the animal kingdom known as Phylum molusca. They are invertebrates; that is, animals without back bones. Snails have both male and female reproductive organs,

Nigerian Stock Exchange (NSE) Set To Slash Transaction Costs By Over USD 6 millions

The Nigerian Stock Exchange (NSE) has commenced the reduction of the cost of its Trade Alert service by about 1.24 billion naira from March 2014 via the scrapping of the current charge of 0.06% of every trade on the bourse

Market Looks to US Jobs Data for Indications of Economic Recovery

The market opened Monday under a cloud of risk aversion with the ongoing Ukraine and Russia tensions and uncertainty depressing the market. Investors shifted their focus to safe haven assets, such as gold and the Japanese yen; the latter also

Things to Consider Before Starting a Poultry Farm Business

In recent years, poultry farming is increasingly being adopted as a form of business. Poultry birds, as lucrative as they could be, are not exactly easy to manage. This is due in part to the fact that they are fragile

Emirates Celebrates 10 Years of Connecting Nigeria to the World

Emirates, a global connector of people and places, celebrates a decade of successful operations in Nigeria. In its ten years of operation in Nigeria, Emirates has carried more than 2.6 million customers on the route, becoming the airline of choice

Aliko Dangote Advises African Governments to Improve Business Environment for Locals and Small Businesses

Aliko Dangote, Chairman and CEO of Dangote Group of Companies, spoke last week at a panel discussion organized by African Development Bank (AfDB)’s Board of Directors. The two-day retreat focused on the private sector’s role in African economic transformation and

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