ECONOMY

Doing Business Report: World Bank Ranks Nigeria 147

The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration,

Nigeria-Russia Trade Volume Stands at $250m

The Russian Ambassador to Nigeria, Nikolay Udovichenko has announced that trade volume between Russia and Nigeria has hit $250 million. He made this known at the Nigeria-Russia Business Forum, titled Nigeria-Russia Cooperation: New opportunities. He said, “In terms of statistics,

Lagos Poultry Revenue Hits N44.88 Billion – Commissioner

The Lagos Commissioner for Agriculture and Cooperatives, Prince Gbolahan Lawal, at a press conference with the Poultry Association of Nigeria, announced that the Lagos poultry industry generates about N44.9billion every year. He said the industry produces 48 million crates of

President Jonathan to Present N4.49 Trillion Budget for 2014 – Report

President Goodluck Jonathan has written to the Senate for their approval to present the 2014 Appropriation Bill to the joint session on November 12, 2013. In the letter, titled 2014 Budget, he requested 12 noon for his presentation. Below is

Nigerian Industrialist Dangote Ranked 64th on Forbes World’s Most Powerful People List for 2013

Nigerian industrialist Aliko Dangote has been ranked by Forbes Magazine as the World’s 64th most powerful person in its 2013 World’s Powerful People Ranking. He is the only Nigerian on the list, and qualifies by virtue of being the richest

Nigerian Stock Exchange Records $4.7 Billion in Foreign Investment

The Management of the Nigerian Stock Exchange (NSE) has revealed that inflows and outflows of foreign portfolios in Nigeria’s stock market has hit N747 billion ($4.7 billion). The NSE submits that foreign transactions from January to March was N217.57 billion

Dangote, Ovia and Adesina Nominated for Forbes Person of the Year Award

Forbes Africa has unveiled its final list of its Person of the Year Award for 2013. The award consists of personalities from three African countries; Nigeria, South Africa and Zimbabwe. Voting has commenced online, and Forbes provides a profile for

President Jonathan and Israeli Counterpart Pledge United Front Against Terrorism

President Goodluck Jonathan, on Monday 28th October, pledged that his administration will not relent in its onslaught against terrorism. The president made this disclosure during a meeting with President Shimon Peres of Israel, stating that Nigeria will welcome enhanced cooperation

Canada-based Professor Launches Book on Oil Theft in Nigeria

A Professor of Criminology at the University of Alberta, Canada, Temitope Oriola, has launched a book on kidnapping of oil workers in Nigeria. The book, In Criminal Resistance? The Politics of Kidnapping Oil Workers, explores circumstances responsible for abducting oil

FAAN Deploys Bomb Detector at Lagos Airport

In a bid to tighten-up security, the Federal Airports Authority of Nigeria (FAAN) has deployed Advance Threat Identification X-Ray (ATIX) at the D and E departure halls of the Murtala Muhammed International Airport, Lagos. The explosive detector has a high

Nigeria and Israel Sign Aviation Agreement

Nigeria and Israel have signed a new bilateral aviation agreement for direct flights between the two countries without stop-overs. This adds to list of bilateral air service agreement that Nigeria has signed with countries in recent months, including Brazil. President

Nigeria to Construct Ship Building Facility in Niger-Delta

Nigeria’s Minister for Transportation, Idris Umar, has announced the government’s approval of N58.6 billion to construct a ship building facility in the Niger Delta. He said an initial N40.2 billion will be provided for the delivery of maritime equipment, and

Diamond Bank to Invest $33 Million in Nigeria’s Agricultural Sector

One of Nigeria’s leading lenders, Diamond Bank, has agreed to invest $33 million in Nigeria’s agricultural sector over the next two years. The Bank has partnered with the International Finance Corporation (IFC), a member of the World Bank Group to

AfDB Supports African SME Development Fund

African Development Bank (AfDB) has announced that its Board of Directors have approved a US $12.5-million equity investment in the Kibo Fund II, to allow the Fund provide access to finance and capacity building to an under-served market of outward-looking

JMG to Provide £6m Power Solution to MTN Nigeria

MTN Nigeria has appointed JMG to provide the power solution to modernise its communications network in Nigeria. This contract, worth £6 million, will involve the installation of 12 high capacity FG Wilson generator set at MTN switch locations in Asaba,

FXTM Inaugurates Forex Demo Contest

Forex trading is about to take on an exciting competitive edge as global broker Forex Time Ltd (FXTM) has announced yet another step in the company’s international expansion with the launch of the company’s first forex demo competition, The Forex

Latest stories

ECONOMY

Featured Events

Discover upcoming events and opportunities across Nigeria.

More stories on

ECONOMY

Most Popular

Previous
Next
Previous
Next

Most Popular

Previous
Next