ECONOMY

Will Bernanke Finally Announce a Scale Back of US Asset Purchases?

The market is on edge this week as it awaits the crucial news from the US on Wednesday as to whether the Federal Reserve will begin to scale back its $85 billion asset purchases programme. This week’s FOMC meeting will

Transcorp Records Huge Growth

Heirs Holdings, the pan-African proprietary investment company with interests in key economic sectors, has demonstrated its transformational ability over ailing businesses as one of its major investments, Transnational Corporation of Nigeria Plc (Transcorp), presented its achievements of 2013 to the

Reforming Policies and Regulations to Unleash Agribusiness Potential in Africa

The Alliance for a Green Revolution in Africa (AGRA) has announced a five-year project that seeks to increase incomes of smallholder farmers through the creation of an enabling policy environment in Africa. The initiative –Micro Reforms for African Agribusiness (MIRA)

AfDB Approves $20 Mn Credit to Support Real Estate SMEs

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, December 11 a US $20 million Trade Finance Line of Credit for the Company for Habitat and Housing in Africa/Shelter Afrique (SHAF) to boost the availability

Positive Data Floods US & UK as Economic Recovery Continues Steadily

Driven upward by the eurozone’s strongest economy, Germany, the Manufacturing PMI for the region grew to 51.6 in November, up from October’s 51.3 and rising steadily for a fifth consecutive month just as analysts predicted. The eurozone Services PMI on

ACEI to Invest US$130 Million Power Project in Nigeria

United States-based American Capital Energy and Infrastructure (ACEI) has announced an investment of $130 million in Azura Power Holdings, the company developing the Azura-Edo power project in Edo State, Nigeria. The Azura-Edo project is a 450 Megawatts open-cycle gas turbine

Lagos Hosts Seafood Festival in Nigeria

The beach was a place to be and this is not only for the eternal view of the sea but also for the display of varieties of fishes in different ways on this day. Fish lovers and visitors from Lagos

40 Under 40 Gala Awards: Recipients Honoured for Remarkable Feats in Entrepreneurship

Forty young men and women that have distinguished themselves in different economic endeavours were honoured by Business Day Newspaper on Friday 29th November in Lagos at a ceremony titled 40 Under 40 Gala Awards. Business Day Newspaper, in partnership with

Adesina, Nigeria’s Agriculture Minister, Named Forbes African Person of the Year

Nigeria’s Minister of Agriculture, Dr. Akinwumi Adesina, has been named Forbes African Person of the Year. Adesina was bestowed with the prestigious award for his leadership and remarkable reforms in the country’s agricultural sector. Adesina beat billionaire businessman Aliko Dangote;

Yobe State Reopening for Business

As part of efforts to bring infrastructure development to Yobe State, Governor Ibrahim Gaidam would be addressing infrastructure investors at the United Kingdom Infrastructure Investors Summit, taking place at the prestigious London Stock exchange on the 3rd of December, 2013.

Africa: Schneider Electric Creates Technology for Producing Electricity, Drinking Water and Heat

Schneider Electric has developed a technology known as MiCROSOL to help provide electricity, hygiene drinking water and heat simultaneously for rural parts in Africa. Schneider, a market leader in energy management with operations in more than 100 countries, inaugurated the

AfDB, African Virtual University Discuss Benefits of e-Learning

The importance of tertiary education was emphasised during the first international conference for African Virtual University in Nairobi, Kenya. Stefan Muller, Lead Economist of the African Development Bank (AfDB) explained that the organisation considers higher education in Africa critical to

Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery

The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs. The market

Micro and Small Scale Food Processing Will Spur Economic Growth – Expert

The importance of micro and small scale food processing and agriculture was emphasised recently at the Omolayole Annual Management Lecture Series held in honour of Dr. Michael Omolayole, former chairman and managing director, Lever Brothers Nigeria Plc. The event, which

How Nigeria Averted Food Crisis – Minister of Agriculture

By Michael Abimboye Nigeria’s Minister of Agriculture, Akinwumi Adesina, has revealed that despite the heavy flood that affected farmlands in some parts of the country a year ago, the country has avoided a food crisis and has opened new opportunities

Nigerian Elected as 1st African President of the International Civil Aviation Organisation

By Michael Abimboye Nigeria’s Dr. Olumide Bernard Aliu, has been elected as president of the International Civil Aviation Organisation (ICAO) Council. Dr. Olumide Bernard Aliu became the first African to head the world body for aviation safety at an election

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