ECONOMY

Expert Canvasses Plan for ‘Lagos Silicon Village’

Tomiwa Idowu, one of the partners at Hudson & Idowu, has said that Lagos will become Africa’s technology hub by 2020, and he’s pushing the idea in a project called “Lagos Silicon Village”, which also includes the construction of a

1,000 Exhibitors to Participate at the 2013 Lagos International Trade Fair

The 2013 edition of the Lagos International Trade Fair expects to have 1000 exhibitors, according to organisers of the event, billed to hold from November 1st – 10th at the Tafawa Balewa Square (TBS), Lagos. The organisers say they have

Irish Firms Set to Invest in Nigeria – Envoy

The Irish High Commissioner to Nigeria, Mr. Patrick Fay, has stated that Irish firms are ready to invest in Nigeria. He made this known at an event in Abuja. He also said, “Efforts are being made to boost commerce between

We Will Transform Ten Million Lives in Ten Years – Elumelu

Nigeria’s business mogul, investor, and philanthropist, Tony Elumelu, recently spoke at the Clinton Global Initiative on the objectives of the Tony Elumelu Foundation and its peculiar interest in engineering growth among SMEs in the African continent. According to Elumelu, economic

Intercontinental Hotel unveiled in Lagos

Intercontinental Hotel was unveiled in Lagos, at the weekend by Governor Fashola. The N30 billion hotel, is a 23-storey building containing 358 rooms and 37 suites and a Presidential suite. It is the tallest hotel in West Africa, and is

Nigerians Share: What We Love About Nigeria

Fifty-three years ago, on October 1, Nigeria became an independent nation. Many Nigerians are outspoken about the fact that the country’s growth has been stunted by various problems, and the journey to nationhood fraught with myriad setbacks. Even so, in

Economic Update: US and Eurozone Exhibit Pool of Mixed Data

The US proclaimed mixed economic news during the course of last week, some areas of the economy showing an onward and upward move and some lagging slightly behind. According to data released on Tuesday, September 24th, the Consumer Confidence for

Nigeria Power Sector Reform: FG Hands Over 15 Firms

Nigeria’s President Goodluck Jonathan will, today, hand over certificate of ownership and licences to the new owners of the Power Holding Company of Nigeria 15 successor companies. Mr. Benjamin Dikki, Director-general of the Bureau of Public Enterprises (BPE), explained that

Human Influence on Climate Clear – IPCC Report

Human influence on the climate system is clear. This is evident in most regions of the globe, a new assessment by the Intergovernmental Panel on Climate Change (IPCC) has stated. The report notes that, “It is extremely likely that human

World Bank Funds Mortgages in Nigeria with $300 Million

The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and

Nigeria and China Sign $1.2 Bn Agreement to Build Power Plant

Nigeria and China have signed a $1.293 billion agreement to develop the Zungeru Hydroelectric Power Project in Niger State. The plant is expected to generate 700 Megawatts (MW) of electricity. The contract was awarded to two Chinese electric power firms,

SEC wins Most Innovative Capital Markets Regulator Award

Nigeria’s Securities and Exchange Commission (SEC) has won the 2013 Africa Index Series Award for the “Most innovative Capital Markets Regulator” the second year in a row. Winning the award back – to – back, is due to several multifaceted

AfDB in Partnership to Launch Africa50 Fund for Infrastructure Development

Made in Africa Foundation (MIAF) has partnered with African Development Bank (AfDB) to Launch Africa50 Fund, to catalyse funding for Africa’s largest infrastructure delivery vehicle. They intend to raise $500 million for Africa50’s project development arm by the first half

NNPC Earns $20.9 Billion from Crude Oil Sales in 2013

The Nigerian National Petroleum Corporation (NNPC) has put its 2013 revenue from oil sales for Year to Date, at $20,907,063,959.35 from 191,939,235 barrels of crude oil sold. NNPC did in a presentation to the Committee of Petroleum (Upstream) of the

Juwah, Aregbesola, Implore Govt to Use ICT for Public Service Delivery

Dr. Eugene Juwah, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called on all governments within the federation to adopt Information and Communication Technology (ICT) tools in carrying out public service. The NCC boss, who was speaking at

Towards Energy Conservation Month, Governor Fashola Hosts Google Hangout

Lagos State Governor, Babatunde Raji Fashola, will, on Friday 27th September, 2013, host Google Hangout from Mega Plaza, Victoria Island, Lagos to discuss topics on Energy and Power in the state. The Hangout is preparatory towards the state’s Energy Conservation

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