Saturday 18th November 2017,
Hope for Nigeria

Browsing the "Business" Category

Truck Transit Park to gulp N4.8 billion

Federal Government’s Truck Transit Park to gulp N4.8 billion

Truck Transit Park to gulp N4.8 billion: The planned Truck Transit Park initiative of the Nigerian Shippers’ Council (NSC), would gulp over N4.8 billion, even as investors are jostling to secure a stake in the project. The Minister for Transportation, [...]

November 15, 2017 Business
Mystery buyer pays $36m for Aluko’s New York penthouse

Mystery buyer pays $36m for Aluko’s New York penthouse

Mystery buyer pays $36m for Aluko’s New York penthouse: A yet-to-be identified  buyer has paid $36million for the luxury penthouse at the One57 tower in New York formerly owned by wanted  Nigerian oilman Kola Aluko. Quoting Bloomberg,  Curbed reported that the 79th floor [...]

November 14, 2017 Business

Chinese shoppers spend record $25.3b in one day

Chinese shoppers spent a record $25 billion online on this year’s “Singles Day” promotion run by e-commerce giant Alibaba, up nearly 40 percent from last year, figures showed on Sunday. At the peak, 256,000 payments were being processed per second [...]

November 13, 2017 Business
Buhari, Obaseki, Dangote discuss new investment prospects in Edo

Alaghodaro summit: Buhari, Obaseki, Dangote discuss new investment prospects in Edo

Alaghodaro summit:  President Muhammadu Buhari yesterday said that the Federal Government would pursue more business reforms to accelerate progress recorded in its recent Ease of Doing Business ranking, to properly position Nigeria in her march to become a post-oil economy. [...]

November 11, 2017 Business

‘Transition from firewood to gas to generate N10bn revenue by 2019’

Over $10billion will be generated for the economy from the switch of 50 per cent kerosene and firewood users by 2019, according to the Nigerian Liquefied Petroleum Gas Association (NLPGA). The group added that an estimated 500,000 to 1,000,000 jobs [...]

November 10, 2017 Business

How fake sellers of iPhones swindle victims using popular website – Lagos CP, Edgal

fake sellers of iPhones: The Police in Lagos has smashed an organised crime ring through which Nigerians buying phones on the internet were being robbed on a daily basis. Thirty-five-year-old Alade Olalekan and Olumide Oluwole, 31, contrived a means of [...]

November 3, 2017 Business
Coca-Cola to invest $90m in Kenya

Coca-Cola to invest $90m in Kenya

Soft drinks maker, Coca-Cola, says it plans to invest up to 90 million dollars in Kenya over three years through 2018 to increase its product range in the region. In a statement on Tuesday in Nairobi, the company said the [...]

October 25, 2017 Business
Aliko Dangote

Dangote reveals secret of business success

Africa’s richest man and most successful industrialist, Aliko Dangote, today revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,” Dangote [...]

October 10, 2017 Business
Nigerian govt announces 27 industries to enjoy tax break under pioneer status

Nigerian govt announces 27 industries to enjoy tax break under pioneer status (FULL LIST)

The federal government on Monday released the full list of the 27 key industries and products included in the revised list of ‘pioneer status’ incentives for prospective investors. At the end of the meeting of the Executive Council of the Federation, FEC, [...]

August 8, 2017 Business
Lagos begins demolition of illegal structures in Obalende

Lagos begins demolition of illegal structures in Obalende

Lagos begins demolition of illegal structures in Obalende: Lagos state government Saturday morning commenced demolition of illegal structures and shanties at Obalende. Officials of the state stormed the area around 7:30am. Armed security agents are on ground to maintain law [...]

July 29, 2017 Business
Ambode

Lagos Acquires 32 Tonnes Per Hour Rice Mill From Switzerland

Lagos State Governor, Mr. Akinwunmi Ambode on Friday in Zurich, Switzerland led a team of the State Executive Committee members to sign an agreement with Bühler AG (“Bühler”), a leading rice-mill producer in the world, for the acquisition of a [...]

July 29, 2017 Business
The Akwa Ibom State Toothpick and Pencil Factory

First Toothpick And Pencil Factory In Nigeria (Photos)

The Akwa Ibom State Toothpick and Pencil Factory is located along Km 2, Uyo-Etinan Road,Ekom Iman,Etinan LGA. See photos below:           [...]

June 5, 2017 Business
Made in Nigeria

Made in Nigeria: Man Built Mercedes G-Wagon

Made in Nigeria: Man Built Mercedes G-Wagon. See more photos…         [...]

March 31, 2017 Business
Adidas Yeezy Boost

See What He Got After Ordering Kanye’s Yeezy 350 Boost…lol (photos)

Someone ordered for one of his trainers, the Adidas Yeezy Boost, and what was delivered was something entirely different. The delivered footwear looked like something fashioned out of a blanket. Lol, this is a serious bad market for Kanye West. [...]

March 26, 2017 Business
Traders In Tears And Pains As Goods Worth Millions Destroyed As Rivers Govt. Demolishes Popular Port Harcourt Market

Traders In Tears And Pains As Goods Worth Millions Destroyed As Rivers Govt. Demolishes Popular Port Harcourt Market

Rivers Govt. Demolishes Popular Port Harcourt Market – Traders in Rivers said they had lost goods worth millions of naira following the demolition of the Rumuwoji temporary market in Port Harcourt. Mr Eddy Bright, President-General, Rivers State Traders Union, told [...]

March 20, 2017 Business
Mr. Nduka Udeh

‘Lack Of Coordination Killing Export Business In Nigeria

For government to get the export sector right, the exchange rate must be look into, this formed the opinion of the chief executive officer of Simplified Corporate Logistics (SCL), Mr. Nduka Udeh in an interview with OLUSHOLA BELLO. In this [...]

March 19, 2017 Business
Aliko Dangote Opens Coal Mine In Tanzania

Aliko Dangote Opens Coal Mine In Tanzania

Aliko Dangote Opens Coal Mine In Tanzania Aliko Dangote is now a coal miner as Tanzania has offered his Dangote Cement Company in the southeastern town of Mtwara, land to mine coal for its operations. Tanzania’s Ministry of Energy and [...]

March 13, 2017 Business
US To Invest $1b Into Nigeria’s Power Sector

US To Invest $1b Into Nigeria’s Power Sector

Power Africa, an initiative by the US government to light up Africa, on Tuesday said it was planning to invest about one billion dollars on the power sector in Nigeria, the programme’s coordinator, Mr Andrew Herscowitz said. Herscowitz announced this [...]

February 15, 2017 Business
Aliko Dangote

Dangote Aims 3,000 Jobs With Truck Assembly Plant

Aliko Dangote, Nigerian entrepreneur, aims to create 3,000 jobs with the establishment of a truck assembly plant in Ikeja, Lagos. The plant is the result of a partnership between the Dangote group and Sinotruck, a Chinese heavy-duty truck company. “The [...]

January 17, 2017 Business

BREAKING: KIA Automobile Leaves Nigeria, As Buhari Crashes The Economy.

Nigeria, the world third fastest growing economy in 2013/2014 was hit with another sad news today, as a leading automobile company, KIA Automobile Nigeria may announce their intention to pull out of Nigeria if  the bad economy climate created by Buhari out-dated and hostile [...]

December 9, 2016 Business, Economy, General, Government and politics
Nigerian Breweries Plc

Nigerian Breweries Plc: Investors Buck Slide in Share Price

It appears investors are no longer sure-footed on Nigerian Breweries Plc, NB, following conflicting signals from the last nine-month results, 9M’16. Though huge volumes of the stock are traded daily on the Nigerian Stock Exchange, NSE, the share price dynamics [...]

November 29, 2016 Business
foreign rice in Ebonyi State

FG Supports Ban On Foreign Rice In Ebonyi

ABAKALIKI—The Federal Government says it is in support of the ban on the sale of foreign rice in Ebonyi State. Governor David Umahi of Ebonyi State had banned the sale of imported rice in the state, saying that this was [...]

November 28, 2016 Business

BREAKING: Buhari To Jail Nigerians That Delay In Spending Their Dollars.

The failed Nigeria President, Muhammadu Buhari is re-introducing his 1984 foreign exchange policy, as his government is proposing an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who refuses to spend or holds their foreign currencies for [...]

November 21, 2016 Business, Government and politics
Asia Newson

Meet This Amazing 11-Year-Old CEO Who Is So Good, She Can “Sell Dust To A desert”!! [VIDEO]

At 11-years-old, Asia Newson has been running her business for more than half her life. She makes and sells candles under her company, Super Business Girl. Part of her mission is to inspire other young people to explore their talents. [...]

October 5, 2016 Business
Goodluck Jonathan hits big Money selling Fishes in Abuja (SEE PHOTOS)

Goodluck Jonathan hits big Money selling Fishes in Abuja (SEE PHOTOS)

Goodluck Jonathan hits big Money selling Fishes in Abuja – Former president Goodluck Jonathan has hit big money selling fishes at his farm in Abuja, Nigeria’s capital. Reports said that Jonathan’s fish farm, which he opened early in 2015, has [...]

September 23, 2016 Business
Nigerian Businesses To Shutdown Nationwide

Nigerian Businesses To Shutdown Nationwide, As Power Sector Set To Collapse Completely On Buhari….

Nigerian Businesses To Shutdown Nationwide: There are strong indications that many businesses across the country, might shutdown in the coming weeks, following an imminent collapse in the power sector, Post-Nigeria gathered. According to the Managing Director and Chief Executive ‎Officer, [...]

September 21, 2016 Business
A former Special Adviser in Eket Local Government, Chief Joseph Edoho has advised the youths of Akwa Ibom State to desist from working with dubious and jobless white men who take advantage of them while working to paint the state in bad light and making quick money from the state.

“Don’t Partner With Dubious White Men” – Politician Advises Akwa Ibom Youths

 while working to paint the state in bad light and making quick money from the state. He gave the advice while chatting with news men in his office in Uyo. “It’s high time our youths look for something meaningful to [...]

September 14, 2016 Business
The Next Titan Show

MTN Next Business Titans Reality TV Show Debuts

MTN Business Next Titans has made its debut on national and terrestrial television stations. Aired, for the first time, weekend, the television reality show takes into account the current drive for entrepreneurship, among the over one million Nigerian youth population, [...]

September 5, 2016 Business
First Nation Suspends Operations

Another Airline, First Nation Suspends Operations

First Nation Suspends Operations: Another domestic carrier, First Nation Airlines, has suspended its operations, the Nigerian Civil Aviation Authority has said.       This is coming in less than 24 hours after Aero Contractors Airlines, Nigeria’s second-largest commercial carrier [...]

September 2, 2016 Business
Governor Ikpeazu Woos British Investors

Abia: Governor Ikpeazu Woos British Investors To ‘SME Capital Of Nigeria’

Governor Ikpeazu Woos British Investors – Okezie Ikpeazu, governor of Abia State, has restated his government’s commitment to provide enabling environment for trade and commerce to thrive in the state.     Governor Ikpeazu who was speaking when he paid [...]

September 1, 2016 Business
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