• WATCH: SA and Nigeria in numbers

    As the debate rages over which African country’s economy is largest, we take a look at South Africa and Nigeria in numbers

  • CBN raises BDCs weekly dollar sales to $50,000

    The Central Bank of Nigeria (CBN) yesterday increased banks’ weekly Diaspora-related foreign exchange (forex) sales to Bureaux De Change (BDCs) from $30,000 to $50,000. Addressing reporters after the Bankers’ Committee meeting in Abuja, the Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Kennedy Uzoka, said the increase was ...

  • Customs shuts export unit at Lagos Airport

    Exporters of perishable goods /vegetables have condemned  the shutting down of the Export Unit at the Lagos international airport by officials of the Federal Operations Unit of the Nigerian Customs Service. They  said the shutting down has led to loss of revenue. The exporters alleged that Customs would have acted ...

  • ‘Banks unlock SMEs’ potential with funding’

    Banks have crucial roles to play in ensuring that potentials of Small and Medium Enterprises (SMEs) are harnessed by providing tthem with adequate funding, Stanbic IBTC Bank has said. According to the lender, stakeholders need to deploy effective  strategy, resources, planning and diligent execution to make SMEs a huge success. ...

  • Nigeria Failed To Develop Automobile Industry – PMB

    President Muhammadu Buhari has lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as mainstay of her economy. According to him, in a statement issued by his special adviser media, Femi Adesina, Nigeria as a country recognised her problems ...

  • Economía/Empresas.- Fersa nombra presidente a Francisco José Elías Navarro tras la OPA de Audax

    br /> BARCELONA, 16 (EUROPA PRESS) El consejo de administración de Fersa Energías Renovables ha nombrado a Francisco José Elías Navarro como presidente, ha informado la compañía catalana este martes a la Comisión Nacional del Mercado de Valores (CNMV).

  • TSA: Niger govt. to close MDAs’ accounts

    The Niger Government on Tuesday said it would on Friday close multiple bank accounts of its revenue generating Ministries, Departments and Agencies (MDAs) on Friday toward curbing wastages. The Commissioner for Finance, Alhaji Ibrahim Balarabe, made this known at a revenue stakeholders’ meeting in Minna. He said that the measure ...

  • NISER To Publish Economic-Related Research To Address Poverty

    The Nigerian Institute for Social and Economic Research (NISER) says it will soon publish some economic- related research outcome to address poverty and drive the economy. NISER’s Acting Director-General, Prof. Victor Adeyeye, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. Adeyeye said ...

  • Nigeria: Govt to Review Foreign Investment Strategies

    [Daily Trust] The Federal Government is to set up an inter-ministerial committee to devise strategies of driving direct foreign investment into Nigeria.

  • Why KPMG doubts that SA has overtaken Nigeria again

    Recent reports that SA has regained its position as Africa’s largest economy in dollar terms are based on a methodological error, the firm says

  • Panasonic to sell smartphones in five developing countries

    Panasonic Corp. will start selling low-priced smartphones for consumers this autumn in five developing countries, including Kenya and Myanmar, according to informed sources. The other three countries are Ghana, Nigeria and Bangladesh. Prices are expected to be around ¥10,000. The major electronics maker once designed and produced smartphones for sale ...

  • Lagos outlaws land grabbing

    Lagos State Governor, Mr Akinwunmi Ambode on Monday fulfilled his pledge of making the menace of land grabbing in Lagos a thing of the past with the signing of the Lagos State Properties Protection Law. Ambode also signed the Lagos State Neighbourhood Safety Corps Law, a move which is majourly ...

  • Lungu leads in Zambia presidential poll

    President Edgar Lungu was leading in Zambia’s presidential election on Monday, with 85 percent of the constituencies counted, but his main rival demanded a recount in a key district, citing irregularities. Lungu faces a stiff challenge from United Party for National Development (UPND) leader, Hakainde Hichilema, who accused him of ...

  • WDF,experts convene diabetes foot workshop in Lagos

    Bukola Adebayo Rainbow Specialist Medical Centre, in partnership with the World Diabetes Foundation and the Podiatry Institute, United States,  have organised the third annual capacity building workshop on diabetes foot care in Lagos. The Medical Director of the hospital, Dr. Afoke Isiavwe, in a statement on Sunday, said the workshop ...

  • Banks scramble for BDCs’ accounts

    Banks have begun intensive scramble for Bureaux De Change (BDCs) accounts after their efforts to stop the operators from accessing the Diaspora-related foreign exchange (Forex) failed at the weekend, it was learnt. Sterling Bank Plc at the weekend announced the launch of the Sterling Diaspora Services for Nigerians based abroad. ...

  • Nigeria wrestles with ‘suddenly poor’ status amid series of oil crises

    First it was falling oil prices that plagued Nigeria, then came inflation, power shortages, and a humanitarian crisis in the north. “Suddenly, we’re a poor country,” Nigerian President Muhammadu Buhari said Thursday in Abuja, the nation’s capital. “Before we came to office, petroleum sold for about $100 per barrel. Then ...

  • I was never married – Tope Osoba

    Qismat Yinus Background I am the first child of my parents and only child of my mum. I had my primary and secondary education in Lagos. I studied Business Education at Olabisi Onabanjo University, Ogun State. Acting Acting was not something I really liked, I just found myself doing it. ...

  • Budget padding: Dogara makes U-turn, says ‘I am not above the law’

    Speaker Yakubu Dogara of the House of Representatives appears to have modified his stance on the propriety of the alleged padding in this year’s budget in the Green Chamber of the National Assembly. Dogara yesterday denied reports suggesting that he could not be investigated or prosecuted over the scandal. He ...

  • APC didn’t know things were this bad during campaign – Odigie-Oyegun

    Leke Baiyewu, Abuja The National Chairman of the ruling All Progressives Congress, Chief John Odigie-Oyegun, has said the party did not know while it was campaigning that the economy of Nigeria was this bad. The APC chief said it was God who provided the APC-led government “at this critical time” ...

  • IPMAN Partners NIMEX Petroleum To Import 100,000 Metric Tonnes Of Petrol

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has entered into a partnership with NIMEX Petroleum Group to import 100,000 metric tonnes of petroleum products to drive Federal Government’s deregulation policy. This is contained in a statement issued by IPMAN’s National President, Mr Obasi Lawson, and made available to the ...

  • Poder Judicial entrampa sentencia sobre la píldora del día siguienteDetienen a brasileño con 374 kilogramos de cocaína que sacó del Vraem

    <p>El retorno de la repartición del Anticonceptivo Oral de Emergencia (AOE) por parte del Estado en los centros de salud cuenta con el reciente respaldo de los sectores Salud, Mujer y de Justicia. Sin embargo, el Poder Judicial será el que determinará si prosperará o no esta iniciativa.</p><p>Y es ...