French multinational alcoholic drink company, Pernod Ricard stated it plans to open up more marketing possibilities in Africa simply by bottling 2 Indian whisky brands (Imperial Blue and also Royal Stag) for the continent’s buyers this year. It has pinpointed [...]
Later on this summer the 1st ever African Leader’s Summit will provide heads of state from all over the continent to Washington DC to talk about a variety of trade as well as investment matters. A latest study on the [...]
In affirmation of the desire to entrench itself as being the pioneer of first class, brand new and innovative products as well as services within the country’s property industry, Global Windsor Luxury Developments has revealed its first Bisazza Mosaic show [...]
64 firms might be granted certificates of membership by the Lagos Chamber of Commerce and Industry (LCCI) at an induction ceremony scheduled for Tuesday, June 24, 2014, at the LCCI Conference and Exhibition Centre, Alausa, Lagos. Chairman Babatunde Ruwase, membership [...]
June 24, 2014
Business, Economy
South Africa’s Woolworths Holdings Ltd offered on Tuesday to purchase the 12 % of Australian clothes retailer Country Road Ltd it doesn’t currently own from billionaire Solomon Lew for A$213 million ($200.20 million). The offer possibly ends a stand-off more [...]
The strategic reengineering projects introduced by Guinea Insurance plc are starting to yield good result, because the company has been qualified to execute huge energy businesses. The accomplishment came as Guinea Insurance documented another accomplishment by its readmission towards the [...]
June 24, 2014
Economy, Oil & Gas
Gas and oil industry stakeholders currently have said Nigeria can obtain the essential funds necessary to be invested in the industry if she displays sense of seriousness and is also dedicated to what she wanted. The participants, that spoke at [...]
June 24, 2014
Economy, Oil & Gas
The NDDC (Niger Delta Development Commission), has opened up an ultra-modern foot-bridge across the busy Aba Road in Port Harcourt. The bridge, that has turn into a brand new landmark within the capital city, can be a tube connecting the [...]
The lottery, that has been endorsed by the office of the Secretary-General of the Federation, the Nigeria Lottery Regulatory Commission as well as other technical partners, was launched Tuesday in Abuja. The lottery also comes in form of an SMS [...]
June 24, 2014
Economy, Telecomms
The Team Nigeria Creative Director at the World Solar Challenge happening in Australia in the coming year, Mr Ebube Ebisike who had been a visitor on Business Morning, stated Nigeria had received great potentials with regards to renewable energy however [...]
June 24, 2014
Economy, Power
Shell Oil company was prepared to pay £30 million (R543m) in payment for 2 oil spills in Nigeria in 2008 after the London court declined a bigger claim, sources in the case stated on Friday. About 15 000 residents of [...]
June 23, 2014
Business, Economy
The Federal Government would likely spend N268.37 billion on the country’s infrastructure in 2014 under the Subsidy Reinvestment and Empowerment Programme (SURE-P). According to SURE-P Chairman, General Martin Luther Agwai (retd.) in Abuja, “The president promised the Nigerian people that the [...]
In satisfaction of their dedication to improve educational improvement in Nigeria, the Nigeria Liquefied Natural Gas Limited, NLNG, has started the procedure resulting in the disbursement of $12 million to be donated for building of latest engineering laboratories throughout 6 [...]
The World Bank has approved N80.7 billion to improve agriculture in Northern Nigeria. The executive directors of the bank approved the cash to boost farmers’ access to irrigation as well as drainage services, reported by Sahara Reporters. These funds may [...]
Nigeria will get $227 million through the government of the Principality of Liechtenstein as a part of looted funds retrieved from the family of former military leader, late Gen. Sani Abacha, reports stated Friday. The Principality of Liechtenstein is among [...]
At a merely ended 3-day seminar, set up by the Central Bank of Nigeria(CBN), for Business Editors as well as Finance Correspondents, seasoned Economic experts, Statisticians and also Financial experts in order to brainstorm on “Rebasing of Nigeria’s Economy and [...]
Honourable Mohammed Wakil, Minister of State for Power inaugurated a N401 million power transmission station in Calabar, Cross River State capital, just like he motivated youths within the country to take part forces together with the Federal Government to combat [...]
Experts usually have believed that the minimal financial improvement in Nigeria is a chance of stretching out banking services to help many people in Nigeria. This possibility was more outlined right after the GDP was revised in April. Although non-public [...]
The Board of Executive Directors of World bank the other day approved a $495.3 million credit to enhance farmers’ usage of irrigation as well as drainage services in the nation. The assistance under the International Development Association (IDA) would certainly [...]
Liechtenstein will return $227 million looted by the late military dictator of Nigeria following the Nigerian government created a deal as well as lowered corruption charges on his eldest son, said by the government. However, the leading advocacy group cautioned [...]
The NPC (Nigerian National Council on Privatization) Thursday declared that most firms who had been offered licenses to discover coal resources throughout the nation have already been provided one month ultimatum to start working on their sites or perhaps get [...]
June 21, 2014
Business, Economy
Nigerians affected by 2 major oil spills within the country in year 2008 have turned down a proposal by the Royal Dutch Shell to get a compensation up to $51m. On Friday, the attorney that represent the claimants declined the [...]
June 21, 2014
Business, Economy
Engineers India Ltd (EIL) has bagged a $ 139 million contract from Dangote Oil Refining Company of Nigeria to render project management consultancy (PMC) and engineering, procurement and construction management (EPCM) services for implementing a grassroot 20 MMTPA petroleum refinery and 600,000 TPA polypropylene plant in Lekki [...]
Shell Petroleum Development Company (SPDC) has engaged 500 youths in an experiment to protect pipelines delivering crude to Bonny through the volatile Ogoni areas. Shell said in Port Harcourt on Thursday that it borrowed the idea from other areas in [...]
June 21, 2014
Business, Economy
The World Bank on Friday has approved 495.3 million dollars (about N80.7 billion) to boost agriculture in Northern Nigeria, a statement issued by Mr Bamidele Oladokun, Communications Associate to the World Bank, in Abuja. The statement said that the bank’s [...]
The World Bank has approved a loan package of N31.14 billion (US $200 million) credit facility for Nigeria to improve Oyo State’s disaster risk management capabilities. The facility is expected to strengthen community-based resilience capacity, and provide support for risk [...]
The Managing Director of TradeStable, Andrew Hall, has expressed his excitement over the huge patronage of his online shop, Tradestable.com.ng by Nigerians. He noted that his company has been earning the confidence of shoppers in Nigeria which he attributed to [...]
Etisalat Nigeria has announced the official launch of the iPhone 5s with 12-month warranty and a trade-in offer that will allow Etisalat customers exchange their iPhone 5s devices for the yet to be released iPhone 6. The iPhone 5s was [...]
For the first time since 2009, the South African hospitality industry demonstrated good growth last year. And despite the economic headwinds, PricewaterhouseCoopers (PwC) predicts the sector will grow more in the next five years. The 2014 to 2018 hospitality outlook [...]
Minister of Agriculture and Rural Development, Akinwumi Adesina, has called for entrepreneurial skills development for profitable agriculture and agribusiness enterprises among African youth. Just as the Director of Agriculture and Agro-Industry Department (OSAN), with the African Development Bank, Chiji Ojukwu, [...]