Saturday 21st April 2018,
Hope for Nigeria

Browsing the "Business" Category

Space Hotel To Launch In 2022 Costs Almost N285,000,000 A Night

Space Hotel To Launch In 2022: Are you willing to take an adventure to space? Orion Span, a US based company has announced that its luxury space hotel Aurora Station will be open in 2022. This hotel will accommodate four guests and [...]

April 11, 2018 Business

Firm seeks U.S partnership to develop national economy

An indigenous oil firm in the Niger Delta Region, Belemaoil Producing Limited, has requested the partnership of the United States to develop the national economy. Founder and President of Belemaoil, Jack-Rich Tein, made the appeal yesterday when the United States [...]

April 11, 2018 Business

Investors lose N239 billion in four trading days

Investors lose N239 billion in four trading days: At the end of last week’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), the bearish performance in the local bourse was sustained as the NSE’s market capitalisation dipped [...]

April 9, 2018 Business

Nigeria, others to spend over $811 billion on oil, gas fields

Nigeria and other countries across the world will spend about $811 billion on 615 upcoming oil and gas fields in the next eight years, a research conducted by data and analytics firm- Globaldata, has revealed. The money, specifically, would be [...]

April 3, 2018 Business

Bill Gates, Dangote sign MoU with 6 governors on immunisation fund

Bill Gates and Aliko Dangote on Wednesday signed Memorandum of Understanding (MoU) with six northern state governors on improved access to immunisation in Nigeria. The governors are Aminu Waziri Tambuwal of Sokoto, Kashim Shettima, Borno; Abdullahi Ganduje, Kano; Muhammed Abubakar, [...]

March 22, 2018 Business

NIMASA plans to acquire 100 new cabotage vessels

The Nigeria Maritime Administration and Safety Agency (NIMASA), has unveiled plans to acquire 100 new cabotage vessels in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB). The Director General, NIMASA, Dr. Dakuku Peterside, who disclosed this at the [...]

February 27, 2018 Business

Ex-Director General confesses he stole N331m to build a hotel

Former Acting Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Calistus Obi, has admitted to diverting N331 million belonging to the agency. The accused said he transferred part of the diverted money to a firm known as Seastroke International, [...]

February 27, 2018 Business

Dangote graduate trainees promise to end fuel scarcity in Nigeria

Newly trained Dangote Refinery graduate engineers have promised an end to the ongoing fuel scarcity in the country when the Refinery takes off. The engineers just returned from a training programme at Bharat Petroleum Corporation Ltd. in India, the company [...]

February 12, 2018 Business

I am not afraid of arraignment – Innoson boss says

This is coming after an Ikeja Special Offences Court issued a bench warrant for Chulwuma's arrest.   The Chairman of Innoson Group, Chief Dr innocent Chukwuma (OFR) has said that he is not afraid of arraignment before any court. This [...]

February 10, 2018 Business

Beware of foreign portfolio investments-driven growth, Nigerian experts warn

Economic experts have warned Nigeria not to be carried away by the influx of foreign portfolio investment dominating the Nigerian Stock Exchange (NSE), noting that a combination of highly mobile portfolio investments and unreliable crude earnings could unravel without warning, [...]

January 18, 2018 Business

Nigeria’s crude oil production hit 2.057mbpd in December

Nigeria’s crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017. This is higher than the 1.93 million bpd including condensate recorded at the end of the third quarter in September. The [...]

January 16, 2018 Business

Court awards $10 million damages against Shoprite for contract breach

After seven years of legal battle, a Lagos High Court, Igbosere has awarded the sum of $10 million against South African retail giant, Shoprite Checkers (PTY) Limited and its business partner, Retail Supermarkets Nigeria Limited for a breach of contract [...]

January 15, 2018 Business

N62,000 rent: Tension grips Ibadan traders over revocation notice

N62,000 rent: Tension is currently gripping shop owners at the popular Scout Camp Market in Ibadan, the Oyo State capital as the expiration of ultimatum given to them by the state government expires tomorrow (Tuesday). HOPE FOR NIGERIA gathered Monday [...]

December 5, 2017 Business
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
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