Archives Tag: economy
A Case for High-Speed Rail Development in Nigeria
April 19, 2022
Nigeria is interconnected by about 108,000 kilometers of surface road and almost 4000 kilometers of rail. The problem is while it has the largest road network in West Africa, large portions of the network are prone to spoilage due to overuse. Nigerian railway, on the other hand, has been near-moribund since the early 1990s. Almost … Continue reading A Case for High-Speed Rail Development in Nigeria
By nehijesu
More Gen Sets Please – ‘I Pass My Neighbour’
April 19, 2022
…we need more of the generators…to enhance our productivity and boost our economy.
By abraham-agu
FG Approves N407b Fuel Subsidy Claims
April 19, 2022
The Federal Government has officially approved the payment of the N407 billion owed to fuel marketers, Reuters reports. Federal Minister of Finance, Kemi Adeosun, in a statement, cited that the payment was being made following a directive from President Muhammadu Buhari on immediate payment. The payment notably includes arrears in payment from 2014 as well … Continue reading FG Approves N407b Fuel Subsidy Claims
By ify
Letter to Ken Saro-Wiwa
April 19, 2022
Dear Ken, It’s twenty years now since you left us. I’m partly from Rivers State given that my mum is from Opobo. I was only but a child when they took you away from us. I was just fifteen years old then to be precise. My father had sent me to get the dailies when … Continue reading Letter to Ken Saro-Wiwa
By evans-ufeli
4 Things Every Traveler Should Know Before Renting an Apartment
April 19, 2022
Vacations can be overwhelming when you have a crew of companions making the trip with you. Not only is it energy sapping, it can also be quite expensive. In most cases, the traveler looks to make the process more manageable, and usually, just rents an apartment rather than hotel room or suite. With apartments, guests have … Continue reading 4 Things Every Traveler Should Know Before Renting an Apartment
By ejura
Learn About Hospitality at WAVE
April 19, 2022
According to Femi Akande, MD, SlimTrader, West Africa Vocation Education, Nigeria’s hospitality industry, as at last year was worth approximately N562 billion ($3 billion) and is still growing. The opportunity for growth in the coming years, he explained, is that Nigeria is in need of more hotels. With a total of 7,000 hotels for 70 … Continue reading Learn About Hospitality at WAVE
By mary-odunuga
IDEA 2015 to Hold This October
April 19, 2022
This October, the Interior Design Excellence Awards will again celebrate and honour excellence in the Architectural and Interior Design industry in Nigeria. According to Titi Ogufere, the Founder and Director of IDEA who spoke at a press briefing in Lagos, this year’s event – which is the 2nd edition of the IDEA – will grant … Continue reading IDEA 2015 to Hold This October
By mary-odunuga
ECONOMY Opinion Relationships Tip of the Day
Overcoming Poverty
April 19, 2022
“Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.” – James A. Baldwin Not too long ago, I came across statistics showing the level of poverty in the world today. The numbers are scary and staggering! A billion children live in poverty; 121 million children have no education … Continue reading Overcoming Poverty
By mary-odunuga
CBN Orders BDCs to Demand for BVN For Forex Transactions
April 19, 2022
The Central Bank of Nigeria (CBN) has directed all bureaux de change operators (BDCs) in the country to demand for customers’ bank verification number (BVN) for all forex transactions from November 1, 2015. The central bank gave this directive in a circular posted on its website on Wednesday. It stated that “All banks and licenced … Continue reading CBN Orders BDCs to Demand for BVN For Forex Transactions
By ejura
GTB Launches $15 Million SMEs Development Scheme
April 19, 2022
Guaranty Trust Bank Plc. has launched a N3 billion (about $15.2 million) scheme in partnership with Agence Française de Development (AFD) to promote Small and Medium Enterprises (SMEs) development in Nigeria. According to a statement issued by the bank in Lagos, the initiative is designed to boost financing for business start-ups and development projects in … Continue reading GTB Launches $15 Million SMEs Development Scheme
By ejura
French Companies to Start Listing on the NSE
April 19, 2022
The French Business Group, MEDEF (Mouvement des enterprises de France International) has announced that prominent French companies will be interested in investing in the Nigerian economy and becoming actively involved in the Nigerian stock market. Mr. Pierre Gattaz, Chairman MEDEF, during his visit to the Nigerian Stock Exchange (NSE) made it known that the visit … Continue reading French Companies to Start Listing on the NSE
By mary-odunuga
Nigeria May Review Foreign Exchange Policy – Prof. Yemi Osinbajo
April 19, 2022
The Nigerian government has announced that it is in the process of reviewing the recent foreign exchange policy, which banned 41 items from sourcing foreign exchange from the interbank forex market. According to THISDAY, President Muhammadu Buhari, who was represented by Vice President Yemi Osinbajo, at the 43rd Annual General Meeting (AGM) of the Manufacturers’ … Continue reading Nigeria May Review Foreign Exchange Policy – Prof. Yemi Osinbajo
By ejura
US Approves $2.3 Billion to Fight Extreme Poverty in Nigeria
April 19, 2022
The United States government through the United States Agency for International Development (USAID) has approved $2.3 billion assistance aimed at fighting extreme poverty in Nigeria. The agreement will provide a solid foundation for both countries to partner together to reduce inequalities across the country. Vice President, Yemi Osinbajo and USAID, Nigeria Director Michael Harvey signed … Continue reading US Approves $2.3 Billion to Fight Extreme Poverty in Nigeria
By ejura
Dangote Reduces Cement Price in Nigeria to Boost Consumption
April 19, 2022
Dangote Cement Plc. has slashed the price of cement in Nigeria in an attempt to boost cement consumption. The company is also hoping the lower prices will help increase export sales to neighbouring nations. According to information made available to the Nigerian Stock Exchange (NSE), Dangote Cement would reduce the price of its 3X brand of cement in … Continue reading Dangote Reduces Cement Price in Nigeria to Boost Consumption
By ejura
7 Reasons Why You Haven’t Started a Business
April 19, 2022
Entrepreneurship is great; it gives you the freedom to create something you truly care about instead of working for a company you probably don’t care about. It also gives you control over your time and your financial future. All these are admirable and great but despite all the obvious benefits of starting their own business, … Continue reading 7 Reasons Why You Haven’t Started a Business
By guestpost
