ECONOMY

Central Bank of Nigeria Changes Umpire: Sanusi Out, Alade In

The Central Bank of Nigeria has had a leadership change. Mallam Sanusi Lamido Sanusi was governor of the apex bank until his replacement with Dr. Sarah Alade, a deputy governor of the bank, who will steer the affairs of the

Venture Capitalists Plan to Boost Investment in Nigeria

African Private Equity and Venture Capitalists Association (AVCA) has expressed its preparedness to promote investment opportunities in Nigeria. Mrs. Michelle Kathryn Essome, Chief Executive Officer of AVCA, while announcing the association’s forthcoming annual conference from March 31st to April 2nd,

Total Appoints First Female CEO

Mrs. Elisabeth Proust has been appointed Managing Director/Chief Executive of the Total upstream companies in Nigeria (Total E&P Nigeria Ltd, and other subsidiaries). This is the first female Managing Director in the over 50-years in the company’s history in Nigeria.

6 Traits Employers Should Look Out for When Hiring

Popular research by human resource experts have shown that people who have been unemployed for more than one month are prone to experiencing dwindling opportunities in getting a job. If anyone is unemployed for more than a month, positive responses

Cashless Policy to Start Nationwide July 1st, 2014 – CBN

The cashless programme introduced by the Central Bank of Nigeria, which has already been effected in a number of states across the federation, will be implemented nationwide by July 1st, 2014, according to the CBN. The cashless policy was introduced

Dangote Sugar Commended on Backward Integration Project

Olusegun Aganga, Minister for Industry, Trade and Investment, has commended the management of Dangote Sugar Refinery on its remarkable progress towards meeting its sugar backward integration project targets. Aganga, while on a working visit to Savannah Sugar Company Limited, expressed

Atlantic Aviation Commences Commercial Helicopter Flights for Shell Nigeria

New helicopter-services operator Atlantic Aviation, supported by one of the world’s leading providers of high-quality transportation to offshore oil and gas producers, has begun commercial flights of Augusta Westland 139 (AW139) helicopters from Lagos. Atlantic Aviation, a Nigerian company owned

Disappointing Jobs Data Puts US Recovery Under Pressure

The market is still reeling from Friday’s Non-Farm Payrolls (NFP) data announcement where only 113,000 new jobs were created in January, much less than was forecast. The low number was partially attributed to the unseasonably cold weather of the past

GTBank Rewards MasterCard Users with 15 Percent Discount on British Airways International Flights

Looking to travel? Are you a GTBank MasterCard user? Then you are in for an exciting deal! GTBank announces a special offer for its frequent MasterCard users of 15 percent discount off their next British Airways International flight from February

149 Nigerian Students Sign-up for Go Green in the City Global Business Case Challenge

Global specialist in energy management, Schneider Electric, has announced invitation for African students to take part in the Go Green in the City Global Business Case Challenge that aims to come up with energy solutions with students’ involvement. Already, a

General Electric, Bank of Industry Pledge $500m Support for SMEs

General Electric and the Bank of Industry have agreed to a $500 million funding support for small and medium-sized enterprises in the area of infrastructure provision. In a joint statement made available to the media on Thursday, both companies said

Discover Nigeria: Cashew Nuts Season Opens Today

There are few dreams bigger than becoming instantaneously wealthy, and for some Nigerians that dream may be realisable as the Nigerian Raw Cashew Nut (RCN) season opens today February 10, 2014. Yes, Nigerian raw cashew nuts are in high demand

Nigeria Produces 420,000 Metric Tonnes Of Fish – CAFAN

The Catfish Association of Nigeria (CAFAN), on Sunday, revealed that Nigeria produced 420,000 metric tonnes of fish after aquaculture was included in the Growth Enhancement Support (GES) scheme in 2013. Chief Tayo Akingbolagun, National President of CAFAN, made the disclosure

SME Forum for Retail and Distributive Trade

Distributive trade and service industries [DTSI] account for a substantial aspect of economic activities in every country, whether they are measured in terms of contributions to the GDP or share of total employment. In Nigeria, the sub-sector’s share of GDP

Volatility Expected Ahead of Central Bank and Non-Farm Payrolls Announcements

Investor sentiment opened low again this week with the market depressed by new data from China showing further weakening in the local economy. Risk appetite is waning across the board as a result of concerns that China’s economy is losing

N53 Bn Loan to Farmers in 2013 Fruitful – BoI

As part of its mandate to boost the agricultural sector in Nigeria, the Bank of Industry (BoI) has disbursed 53 billion naira as loans to the agribusiness value chain in 2012. Mr. Mohammed Dikwa, chairman of the shareholders committee of

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