Business Capital Market

Lafarge Africa registers ₦60bn CP programme with FMDQ

Ihesiulo Grace 19 October 2017 0

Lafarge Africa Plc has issued a N60 billion commercial paper (CP) to raise funds for short- term obligations and to authenticate the CP programme, the FMDQ Securities Exchange board listing, markets and technology committee has approved the registration of the CP Programme, to its platform. The

Business

28 ships laden with petroleum products, food items, to arrive Lagos ports

Ihesiulo Grace 25 September 2017 0

No fewer than 28 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Sept. 25 to Oct. 5. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’, made available to NAN, Monday in Lagos. The ships were bringing bulk […]

Business Money Religion

CAN kicks against Sukkuk Issuance, says unconstitutional

Ihesiulo Grace 20 September 2017 0

Once again, the Christian Association of Nigeria (CAN) on Thursday, said it has been compelled to raise a petition and protest against the unrelenting plan of the Federal Government of Nigeria to introduce Islamic financing into a secular state in violation of Section 10 of the Constitution. According to this section in the Constitution, the […]

Business Economy Top Stories

Lagos is foreign investors’ favourite destination in Nigeria

Ihesiulo Grace 23 August 2017 0

The National Bureau of Statistics on Tuesday released the capital importation report, stating that investment inflows into the country rose by 95.02 percent from $884.1m in the first quarter of this year to $1.79bn in the second quarter. While on year on year, this was an increase of 43.6% from the $1.042.2 recorded in Q2 […]

Law Opinion

Chronic disrespect for sanctity of contracts: An impediment to infrastructural development in Nigeria

Ihesiulo Grace 23 August 2017 0

The National Economic Council, Nigeria’s highest economic decision making body, rose from its meeting on September 22, 2016, with a battle plan to salvage the dwindling economic fortunes of the erstwhile biggest economy in Africa. Key among the resolutions reached were the sale of government assets and the adoption of infrastructure concession to tackle the […]

News

Ex-Ambassador charges youths to make honesty their trademark in business

Ihesiulo Grace 12 August 2017 0

Former Nigeria Ambassador to Guinea Bissau Chief Justina Eze, of Nigeria has urged youths to make honesty their trademark in business if they want to succeed in life. Eze gave the advice on Friday at University of Nigeria, Nsukka during the 2nd International conference organised by Young Innovators Forum in collaboration with Lifyead Africa and […]

Business

Chad ratifies Afreximbank establishment agreement

Ihesiulo Grace 9 January 2017 0

President Idriss Deby Itno of Chad has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting the instrument of ratification to Dr. Benedict

News Top Stories

Nigeria 15th worst place to do business

Ihesiulo Grace 29 November 2016 0

A global index agency, Ashish J. Thakkar Global Entrepreneurship Index of 85 countries, has ranked Nigeria as the 15thworst place to do business globally. The country was ranked 70 out of the ranked countries. Singapore was rated as the best environment for entrepreneurs.  In Africa, Namibia remains the best, coming 42 ahead of other prominent […]

News

 Discovery Air Sets Date for Business Resumption

Ihesiulo Grace 11 May 2015 0

Discovery airline which had its Air Operators Certificate (AOC) restored about two weeks ago will start flight operations in July this year.   Investigation by Daily Times showed that the management of the airline was planning the repositioning of the airline for better performance as soon as it takes off.   The airline it was […]

Business Oil & Gas

NNPC Seeks Global Partnership in Gas Development

Ihesiulo Grace 6 May 2015 0

The Nigerian National Petroleum Corporation, (NNPC), is leading the drive to attract massive global investments into the nation’s gas sub-sector as a way of ameliorating the effect of drop in crude oil prices on the Nigerian economy. In an address at the panel session organinsed by the Petroleum Technology Association of Nigeria, (PETAN), at the […]

Africa Business Tourism

Emirates and South African Tourism sign Agreement to Explore Joint Marketing Activities

Ihesiulo Grace 5 May 2015 0

Emirates, a global connector of people and places, and South African Tourism, the marketing agency for South Africa, today signed a Memorandum of Agreement (MoA) that will open the way for the development of joint marketing initiatives aimed at growing the number of visitors from the Middle East to South Africa. The MoA was signed […]

Business News

Lafarge Africa Records 20 Percent Leap in Profit at N8.6 Billion in Q1, 2015

Ihesiulo Grace 1 May 2015 0

  In spite of the general elections, market uncertainty and keen competition cement/construction sector, Lafarge Africa yesterday announced a profit after tax of N8.621 billion for the first quarter ended March 31, 2015 from N7.202 billion in the same period 2014 and N14.6 billion cash from its operations. Mr. Olusegun Osunkeye; Chairman, Board of Directors, […]

Business

Aba Mega Mall Excites Investors at London Road Show

Ihesiulo Grace 1 April 2015 0

The investment potentials of the $300m  Aba Mega Mall (AMM) , literally got investors who gathered at a London road show on Monday, March 23,  salivating and itching for a piece of the action. Apart from the promised returns of about seven per cent on investments  outlined by AMM’s  Managing Director,  Paul Obanua,  the regeneration  […]

Business

Nigeria’S Solar Capacity Hits 28 Megawatts – ECN

Ihesiulo Grace 1 April 2015 0

Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]

Economy

Operators Call for Resolution of PIB, NOSDRA Conflicts

Ihesiulo Grace 31 March 2015 0

Industry stakeholders have called for a thorough amendment of the National Oil Spill Detection and Response Agency, NOSDRA Bill currently before the National Assembly, to remove any conflict between it and the Petroleum Industry Bill, PIB.   Among the stakeholders, were officials of the Federal Ministry of Environment, Department of Petroleum Resources, DPR, and oil

Business Maritime

Nigerian Shipper’S Council Rejects Tariff Hike

Ihesiulo Grace 26 March 2015 0

The Executive Secretary of Shippers’ Council, Mr. Hassan Bello has said that the Council will not renege on its position in rejecting further hike in tariffs that would make the Nigerian ports uncompetitive. Bello stated this when he hosted the Senior Special Adviser (SSA) to the president on maritime matters, Mr. Leke Oyewole, and the […]

Business

Nigeria Hit by Reversal of Portfolio Investments

Ihesiulo Grace 26 March 2015 0

The Nigerian economy continues to be resilient against fiscal and investment instability, the latest disclosure by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), shows that the economy has been hit by reversal of portfolio investments, resulting in a drop of Net Foreign Assets (NFA). The Monetary Policy Committee met on 23rd and […]

Business

FG Will Not Recognise NLC Faction Group – Minister

Ihesiulo Grace 26 March 2015 0

The Federal Government has said it would not recognise the factional group of the Nigeria Labour Congress, NLC, led by Mr Joe Ajearo of the National Union of Electricity Employees, NUEE, in Abuja. The Minister of Labour and Productivity, Sen. Joel Ikenya, declared the stance of the Federal Government when Dr Ayuba Wabba, led other […]

Business Top Stories

Business Developers Seek Alliance with Stockbrokers

Ihesiulo Grace 23 March 2015 0

Professional business developers under the aegis of Institute of Business Development (IBD) has identified a synergy between the institute and stockbrokers as critical to the growth of the Nigerian economy. Pushing for the partnership, the institute prescribed the enhancement of business development strategies and long-term investments as veritable tools for improving the

Agriculture Business Top Stories

Minister warns farmers of extreme weather, need for agric insurance

Ihesiulo Grace 23 March 2015 0

Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has warned farmers of the possibility of extreme weather conditions and the need for them to upscale their investments in agricultural insurance to protect them from unexpected losses. Adesina, stated this at the opening of the Lagos Zonal Headquarters of the Nigerian Agricultural Insurance Company, (NAIC)