News - Business and Economy

Commonwealth Appoints Akinwunmi Ambode VP Of CWEIC

1 year ago /

Governor Lagos State, Akinwunmi Ambode has been appointed as the vice president of Commonwealth Enterprise and Investment Council (CWEIC). CWEIC is an interest group established to promote trade and investment by facilitating engagement between government and the private sector within the Commonwealth. Oliver Everett, CEO of CWEIC, disclosed the appointment during...

Full Text Of President Buhari’s Speech At Signing Of 2016 Budget

1 year ago /

It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed all members of the National Assembly for their cooperation in...

Minister Of Trade And Investment Seeks Review Of Business Laws To Boost Investment

1 year ago /

The Minister of Industry, Trade and Investment, Dr Okey Enelamah, has urged the National Assembly to review some of the existing business laws to provide the enabling environment to attract more investment into the country. Enelamah spoke on Thursday when he appeared before the House of Representatives for the ongoing ``Sectoral...

Nigeria, U.S. Trade Hits U.S.$799.9 Million in Two Months

1 year ago /

The bilateral trade between Nigeria and the United States of America (U.S.), from January to February this year, has been put at $799.9 million, according to the United States' Census Bureau. Besides, Nigeria's oil and gas business relationship with Houston Texas in 2015 stands at $15 billion. The Mayor of Houston, Sylvester...

Sokoto Government, Bank Of Industry Float N2b Industrial Development Fund

1 year ago /

Sokoto government has signed a Memorandum of Understanding with the Bank of industry for the establishment of a N2 billion industrial development fund in the state. Speaking during the signing of the MoU in Sokoto Thursday, Governor Aminu Waziri Tambuwal said the two parties will provide a billion Naira each,...

Amosun Unveils Logo As Ogun Prepares for Investors' Forum

1 year ago /

Preparation is at peak level for the third edition of the Ogun Investors Forum as Gov. Ibikunle Amosun on Tuesday unveiled the official logo of the programme in Abeokuta, the state capital. The forum, scheduled to hold in Abeokuta between May 10 and May 11, has as theme: "Environment, Agriculture and...

Governor Okowa Urges Workers To Adjust To Economic Realities

1 year ago /

Workers trouped out (01/05/16) at their different state capitals to mark this year’s Workers Day with Governor Ifeanyi Okowa of Delta State saying that with the dwindling revenue from the Federation Accounts, there was the need for workers to readjust to the present economic realities. Addressing multitude of workers in Asaba...

Plateau: ADB Potato Value Chain Project To Begin – Coordinator

1 year ago /

The African Development Bank (ADB) potato value chain project that will boost potato farming will commence in Plateau soon. The Coordinator of the project, Mr Thaddeus Yelwa, made the disclosure in an interview with the Newsmen in Jos on Monday. According to him, once the project commences, the state will be...

Anglican Primate Disagrees With Labour’s N56, 000 Minimum Wage Demand

1 year ago /

Most Rev. Nicholas Okoh, Primate of All Nigeria (Anglican Communion) and Bishop of Abuja, has expressed disagreement with labour's demand for N56, 000 new minimum wage in the country. Okoh made expressed his view at the dedication of St Peter’s Anglican Church and Vicarage at Paradise Hills Estate, Asokoro Abuja. He advised...

Presidency Meet National Assembly Leaders To Resolve Budget Issues

1 year ago /

The Executive arm of the government and the National Assembly have met to resolve their lingering face-off over the 2016 budget, giving hope that any moment from now, president Mohammed would sign the document into law. A truce was brokered between the two arms of government at a meeting between the...

 

NBA partnering with African TV broadcaster Econet Media

1 year ago /

The NBA is making a new play for fans in Africa by splitting with the continent's biggest sports broadcaster and teaming up with a Zimbabwean telecommunications entrepreneur who started his first business with $75. The NBA announced Thursday that it has a new multiyear deal with Econet Media to show live...

 

Amnesty Office, BOI To Train Ex-Militants On Skills

1 year ago /

Office of the Presidential Amnesty Programme in the Niger Delta and the Bank of Industry (BOI) have set up plans to providing business support and capacity building for ex-militants. This was disclosed yesterday in Abuja when the Coordinator of the Presidential Amnesty Programme in the Niger Delta, Brig-Gen. Paul Boro (rtd),...

Minister Requests BOI To Finance Youths In SMEs, Agro-Businesses

1 year ago /

Mr Audu Ogbeh, the Minister of Agriculture and Rural Development, has requested the Bank of Industry (BOI) to finance youths in agro-businesses, Small and Medium Enterprises to boost employment. Ogbeh made the appeal when a management team of the bank, led by the Acting Managing Director, Mr Waheed Olagunju, visited him...

Kogi Is The New Frontier For Investment In Africa - Governor Yahaya Bello

1 year ago /

The Kogi State Governor, Alhaji Yahaya Bello, has described Kogi State as the new frontier for investment in Africa. This he said through his Special Adviser on Finance, Economy and Investment, Asiru Idris Asiwaju, at the China-Nigeria Production Capacity and Investment Guangzhou Governmental and Commercial high end roundtable, which held...

Shell Commences Internship And Sabbatical Programs 2016

1 year ago /

Oil giants Shell has announced the commencement of application into its internship and sabbatical program for 2016. The program which includes Internship / Research Programme for Postgraduate Student and Sabbatical Attachment Programmes for University Lecturer is scheduled between first week of April and 11th of May for the application process. The Postgraduate...

Rio 2016 Olympics: Wakanow Unveiled as Nigeria’s sole authorized ticket reseller By NOC

1 year ago /

Nigeria Olympic Committee (NOC) has unveiled Wakanow, as the country’s sole authorized ticket provider for the Rio 2016 Olympic Games scheduled for August. The agreement grants Wakanow right to sell tickets and also arrange easy passage for Nigerians, who wish to witness the Olympic Games from August 5 to 21. At the unveiling held in...

Crude Price: Group Tasks NEPC on Economic Recovery

1 year ago /

The New Initiative for Credible Leadership has tasked the Nigerian Export promotion Council (NEPC) to increase its activities towards ensuring increase in non-oil export as solution to the economic hardship caused by fallen crude oil price.It said NEPC has a crucial role to play in Nigeria’s economic recovery since there...

Solid Minerals Roadmap Will Grow Industry, Economy – Fayemi

1 year ago /

The Minister of Solid Minerals Development, Dr Kayode Fayemi, on Thursday, said a road map for the ministry would provide far-reaching views and opinions toward developing and growing the industry and the Nigerian economy. The minister said this in Abuja when he received the report of a 16-man committee on the...

Implementation Of 2016 Budget: Chamber of Commerce urges financial prudence

1 year ago /

The Abuja Chamber of Commerce and Industry Limited (ACCI) has appealed to the Federal Government for financial discipline in the implementation of the 2016 budget passed by the National Assembly. The President of the Chamber, Mr Tony Ejinkonye, made the appeal in an interview with the News Agency of Nigeria (NAN)...

1,000 African Entrepreneurs To Join TEF Programme

1 year ago /

Tony Elumelu Foundation (TEF) has on Tuesday announced the selection of 1,000 entrepreneurs for the second round of the Tony Elumelu Entrepreneurship Programme (TEEP). Launched in 2015, TEEP is one of the largest African philanthropic initiative devoted to entrepreneurship and represents a 10-year, $100 million commitment, to identify and empower 10,000...


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