ECONOMY

Nigeria Attracts N205 Billion Investment to Retail Sector in Two Years

Nigeria’s Minister of Industry, Trade and Investment, Olusegun Aganga, has disclosed that over N205.4 billion worth of new investments were made into the country’s retail sector the past two years. The minister made the disclosure during the launching of the

MSMEs, Solution to Unemployment – CBN

Mr. Tunde Lemo, Central Bank of Nigeria Deputy Governor, has highlighted the need for focus on the development of Micro, Small and Medium-scale Enterprises (MSMEs) in Nigeria, noting that the sector holds the key to solving the rising unemployment in

A Chef’s Dream: Making Fortunes Out of Cookies

Growing up, Tolu was not the kind of guy that absented himself from the kitchen. But he never imagined his source of livelihood would come from putting long hours in the kitchen with mittens around his hands and working ovens.

Nigeria to Overtake South Africa as Continent’s Largest Economy

A poll by Reuters has found that Nigeria is likely to take South Africa’s position as the continent’s largest economy within the next two years. Nigeria’s GDP is projected to increase exponentially when it is rebased at the end of

Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates

Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed

Double Miles Offer to Frequent Flyers as Qatar Airways Joins OneWorld

A special double miles offer is being made to cardholders of all OneWorld member airlines’ frequent flyer programmes – including those of Qatar Airways’ Privilege Club – to mark the addition of Qatar Airways to the alliance. Members of Qatar

Nigeria Attracted N3.2 Trillion Investment in 3 Years

Over $20 billion (N3.2 trillion) in Foreign Direct Investment (FDI) has been attracted into the Nigerian economy in the last three years, a report by the Federal Government has revealed. During a world press conference ahead of the 24th

DHL Invests in West African Infrastructure

DHL, the world’s leading logistics company, has announced an investment in both a facility and air infrastructure in West Africa, to meet the demand for express and freight services in the region. The recent investment includes the launch of a

New Technology Powers in-flight Phone Calls and SMS

Gogo, the global leader of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, has unveiled its new Text & Talk technology. The new technology uses Gogo’s in-flight Wi-Fi system to allow passengers to send text messages and

JobMe: Providing Succour to the Unemployed

Unemployment is still a challenge Nigeria is facing; however, there are several organisations that are taking advantage of the problem by proffering means to ameliorating this through linking job-seekers with employers of labour. Right now, in the online space, there

Nigeria, Russia to Promote Investment in SMEs

Nigeria’s relationship with other countries might start to pay off soon. Nigeria is working on bringing in Russian investors with focus on building SMEs and two other sectors of the economy – the oil and gas and agricultural sectors. To

US Still Affected by Government Shutdown, as UK Recovers

Data in the US got off to a weak start last week, with the Retail Sales figures for September disappointing expectations of a 0.2% rise, having fallen by 0.1%. The poor figure was somewhat vindicated by the fact that

AfDB Approves $153M Financing for Nigeria’s Agricultural Transformation Agenda

The Board of Directors of the African Development Bank has approved an ADF loan of $ 152.12 million and an ADF grant of $ 0.38 million to finance Nigeria’s Agricultural Transformation Agenda Support Program Phase 1 (ATASP-1), AfDB has announced.

Lagos: Governor Fashola Presents N489.69b 2014 Budget to State Assembly

The Lagos State Governor, Babatunde Fashola, has, for the 2014 fiscal year, proposed a budget of N489.69 billion to the Lagos State House of Assembly. The budget was a ten billion reduction from the 2013 N499.604 fiscal year budget. In

FG Hands Over PHCN to New Owners

The Federal Government of Nigeria handed over the Eko Distribution Company, Marina, Lagos to the new owners, West Power and Gas Limited on November 1, 2013. On the same day in 10 different locations across the country, similar ceremonies involving

Partial Solar Eclipse to Occur in Nigeria

The Director-General of the National Space Research and Development Agency (NASRDA), Seidu Mohammed has disclosed that a partial solar eclipse will occur in different parts of the country on Sunday, November 3rd. He made this known to reporters, explaining what

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