Are you looking for the best business opportunities in Nigeria? Then continue reading to discover a detailed lists of the top 15 fast growing business opportunities this year 2014. Many foreign investors and entrepreneurs are searching for business opportunities which [...]
The recent flooding at Sanbona Wildlife Reserve caused to temporarily closed three lodges and will soon reopen. With the reserve’s gravel roads bearing the brunt of the damage, at this stage Explorer Camp is fully operational, Gondwana Family Lodge and [...]
The Central Bank of Nigeria has released N39.61bn for five projects under the Power and Airline Intervention Fund. While four power sector projects received N13.61bn of the money, only one airline got N26bn, the CBN stated in its latest Financial [...]
South Africa on Friday slammed global drug firms over a covert campaign against its planned overhaul of intellectual property laws to favor cheaper generic drugs, accusing pharmaceutical companies of a “satanic” plot to commit “genocide”. It is not the first [...]
The Saldanha Bay Industrial Development Zone, launched late last year, is already drawing strong international interest, with several lease agreements signed and a surge of global oil and gas companies negotiating joint ventures with South African firms, the Western Cape [...]
Nigeria and the Federal Republic of Germany are set to partner on trade facilitation and Micro, Small and Medium Enterprises (MSMEs) development as part of efforts to strengthen the already existing economic ties between the two countries. Minister of Industry, [...]
The Minister of Foreign Affairs, Prof. Viola Onwuliri, has put the value of Foreign Direct Investment in the Nigerian economy at $8bn. She stated this at a press briefing on Thursday in Abuja where she gave the scorecard of her [...]
Aveon Offshore Limited, a Nigerian oil and gas engineering and fabrication company, has been awarded a sub-contract for the fabrication of subsea structures for the Egina field, offshore Nigeria, from FMC Technologies Nigeria Ltd. FMC Technologies Ltd was earlier awarded [...]
Analysts have keenly reacted to the recent inclusion of Nigeria in the MINTs, touted as new economic frontiers, capable of surprising the world in growth and development, in the next 20 years. Jim O’Neill, former Goldman Sachs economist, had categorised [...]
Less than three months after the announcement of the National Automotive Industry Development Plan, two vehicle manufacturing companies from India have indicated interest in establishing plants in Nigeria. The development was confirmed in a statement issued on Sunday by the [...]
By Steve Omanufeme Africa’s richest man and chairman of Dangote Group, Aliko Dangote, and chairman of Bharti Enterprises, Sunil Bharti Mittal, are among top private sector names that will Co-chair the 24th World Economic Forum (WEF) on Africa. The 2014 [...]
Ikpong Umoh is the Vice Chairman, Toiletries and Cosmetics (T&C) Group of Manufacturers Association of Nigeria (MAN). He speaks on the activities of the sector in 2013, the need for the Federal Government to revamp industries in 2014, strict enforcement [...]
Independent Nigerian broadcaster, Channels TV, has been awarded the “Best Station of The Year Award” for 2013 by The Federal Republic of Nigeria’s Media Merit Award Trust. This is the eighth time that Channels TV has been recognised by the [...]
THE efforts of the Edo State Governor, Comrade Adams Oshiomhole at sanitizing the Oba Ovoranmwen Square, otherwise called the Ring Road, Upper Mission and other areas in Benin metropolis from the activities of street traders and other hawkers of assorted [...]
THE Ministry of Power has a history of being manned by professors, at least in view of the qualification of the immediate past supervisor of the critical Ministry, Professor Barth Nnaji and the incumbent, Professor Chinedu Nebo. The current landlord [...]
The Chairman of Dock Management Nigeria Ltd, Alhaji Moshood Salvador, said government could get N4.6 trillion revenue through the Customs duties and ports charges. Salvador told the News Agency of Nigeria (NAN) in Lagos that if Federal Government could make [...]
Nigeria and the State of Israel in Jerusalem on Monday signed a Bilateral Air Services Agreement (BASA) to pave way for direct flights between them. The Acting Minister of Foreign Affairs, Prof. Viola Onwuliri, representing President Goodluck Jonathan, signed [...]
President Goodluck Jonathan on Monday observed that one-third of the volume of trade between Africa and China was currently taking place with Nigeria. A statement by a Presidential spokesman, Dr. Reuben Abati, quoted the President as saying this while receiving [...]
Lagos Chamber of Commerce and Industry, LCCI, expressed optimism of improved business environment in 2014 in spite of persisting challenges facing the real sector. Alhaji Remi Bello, President of LCCI told Financial Vangaurd, “SMEs and the manufacturing sector remains the [...]
McDonald’s Corp. has pulled the plug on its “McResource” website, an informational and budget-assistance website for employees that has become a target of derision from a group seeking higher pay for hourly workers. The group, Low Pay Is Not OK, has [...]
Against the backdrop of surging crude oil theft in Nigeria, the United States (US) has urged the Nigerian government to implement measures to curb large-scale oil theft in the Niger Delta. The appeal came at the end of a seven-day [...]
•Targets N80.4bn trade volume in 2013 By YINKA KOLAWOLE The Republic of Indonesia is committed to initiatives that will facilitate increased trade between it and Nigeria, with a target of about N80.4 billion trade volume in 2013. Director of Indonesian [...]
Vice President Namadi Sambo on Tuesday said the Nigerian business environment is very attractive and loaded with several incentives. The Vice President stated this when he received in audience the Japanese Ambassador to Nigeria, Mr. Ryuichi Shoji, in his office [...]
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As Nigeria continues to strive to enhance its key economic indicators, a report has pointed out that economic growth alone will be insufficient in tackling absolute poverty in the country. In fact, the report noted poverty eradication requires more fundamental [...]
It is the dream of everyone to be in leading and influential positions. If we look at Nigerian women then some of them are particularly influential, either by virtue of their being born into wealthy families, their marriage to people [...]
Considering the massive financial investment ploughed into the deployment of broadband infrastructure across the continent, the Internet, though still in its infancy, could contribute some $300 billion to Africa’s Gross Domestic Product (GDP) by 2025, according to a recent report [...]
Multiple taxation, longest tax filling hours a factor says PwC In apparent confirmation of the World Bank’s recent Doing Business Report which assessed Nigeria poorly in the doing business index, another global report: “Paying Taxes 2014”, a comparison [...]
A 16-year-old Nigerian teenager from Lagos has founded a social network in order to help his friends-musicians to gain worldwide recognition. It is hard to believe that a guy from a large and low-income family has managed to promote his own [...]
The ECOWAS Commission on Monday decried the “global trade imbalance against Africa” as the continent’s share of global trade stood at a paltry 3 per cent. The Commissioner for Trade, Customs, Industry, Mines and Free Movement, Ahmed Hamid, made the [...]
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