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Latest News Ugwuanyi nominates another 12 commissioners Homeowner shoots, kills 3 masked teens Fake activists in EFCC net 26-year-old, three other women make Kwara cabinet list Minimum wage stalemate: Civil servants set for strike Army court-martials Major General over missing N400m •Blow-by-blow account Woman stabs hubby to death for refusing to celebrate daughter’s birthday Buhari wades into police recruitment crisis Tragedy as ‘Drug Addict’ hacks father to death Kwara govt, Saraki trade words over distribution of school materials Bus driver kills two while running away from Customs Edo APC crisis: Oshiomhole envious of Obaseki’s achievements – Aide

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (540,953 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,181 views) Shameless Genevieve Nnaji exposes breasts in public (389,507 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,748 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,758 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,669 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,800 views) 10 cars more expensive than Jets (238,443 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,521 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,544 views) Lagos plane crash: Journalist releases victims’ names (195,890 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,471 views)

 

AMCON vs Shebah: The unheard story •How not to encourage investors

AMCON vs Shebah: The unheard story •How not to encourage investors The media recently had reports on an interim order obtained by AMCON appointing a receiver/manager of Dr. ABC Orjiako’s assets in Nigeria and abroad, including Shebah Exploration & Production (E&P) Company Limited, as well as Allene BVI Limited. We all know that stories are better told, if not more interesting to...... more

Fowler not under Probe: Presidency

Fowler not under Probe: Presidency The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, is not under any investigation, the Nigerian Presidency said ‘categorically’ today, denying the imputations spurred by a query issued by Chief of Staff, Abba Kyari. Some reports claimed that the query meant that Fowler’s tenure would not be renewed. His...... more

How technology is disrupting FMCGs distribution

How technology is disrupting FMCGs distribution Disruption has transformed from being a business cliché to a fearful reality, especially if businesses intend to be relevant in the coming years. Disruptions have changed the banking sector, the telecom sector and recently, the e-commerce sector. A little over 20 years ago, Nigerians spent an average of one hour in...... more

CBN holds key interest rate to fight inflation

CBN holds key interest rate to fight inflation The Central Bank of Nigeria (CBN) on Tuesday kept its benchmark interest rate on hold to battle persistently high inflation even as it seeks to boost lending to grow the economy. CBN Governor Godwin Emefiele disclosed this decision during a press conference at the end of a two-day Monetary Policy Committee...... more

Konga spreads love, identifies with needy, less-privileged through Konga Kares

Konga spreads love, identifies with needy, less-privileged through Konga Kares As part of its 7th Anniversary celebration, Konga, Nigeria’s foremost composite e-commerce giant, embarked on a visit to orphanage homes in Lagos and Abuja to spread love to the needy and less-privileged. The event, which saw Management and staff turn out in their numbers at both locations, was held on Saturday,...... more

NPA clarifies position on $2.6bn Badagry Deep Seaport project

NPA clarifies position on $2.6bn Badagry Deep Seaport project The Nigerian Ports Authority (NPA) has denied reports that it has cancelled the $2.6bn Badagry deep seaport, stating that what was cancelled was the 25 Years Port Development Master Plan which was initially poorly done by the consultant handling the project. In a chat with the Nigerian Tribune on Monday, the...... more

CBN faults report on Bank’s finances

CBN faults report on Bank’s finances  The Central Bank of Nigeria (CBN) on Wednesday afternoon faulted Monday’s lead story of BusinessDay newspaper headlined “CBN’s life support to FG rises 780% to N8.12trn in 4yrs”. “We wish to state categorically that the story is not only false, but an attempt, through sheer mischief, to distort and misrepresent CBN’s...... more

Why Nigeria is yet to achieve economic diversification — Ex-DMO DG, Abraham Nwankwo

Why Nigeria is yet to achieve economic diversification — Ex-DMO DG, Abraham Nwankwo The paradox of a federal state with a unitary economic management model has been cited as a major reason why Nigeria is yet to achieve economic diversification despite effort by successive governments. Dr. Abraham Nwankwo, an economist and former Director General of the Debt Management Office (DMO), expressed this view in...... more

Why we need to embrace the digital revolution in Africa

Why we need to embrace the digital revolution in Africa While the Fourth Industrial Revolution brings with it global concerns of deepening inequality, in Africa, new evidence suggests that digitalisation and big data could bring more inclusive growth through real job creation. According to the latest edition of Africa’s Pulse, the World Bank’s bi-annual analysis of the state of African economies,...... more

2019 budget in trouble as Nigeria misses 2.3m oil production target

2019 budget in trouble as Nigeria misses 2.3m oil production target The N8.92 trillion 2019 Appropriation Bill passed by the National Assembly may already be in trouble of faithful implementation as a fundamental source of its implementation has become apparently unrealisable. Almost five months into the year, the country has been unable to meet its 2.3 million barrels per day crude production...... more

BREAKING: Senate confirms Emefiele for second term as CBN Governor

BREAKING: Senate confirms Emefiele for second term as CBN Governor The Senate has confirmed the reappointment of the governor of the Central Bank, Godwin Emefiele. This followed the presentation of report of the Committee on Banking, Insurance and Other Financial Institutions, during the plenary, on Thursday, on the renewal of the Appointment of Godwin I. Emefiele as Governor Central Bank of...... more

17 states insolvent, only 10 economically viable — Report

17 states insolvent, only 10 economically viable — Report The Economic Confidential has released the Annual States Viability Index (ASVI) for which shows that 17 states are insolvent as their Internally Generated Revenues (IGR) in 2018 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year. The index carefully and painstakingly computed proved...... more

BREAKING NEWS: Buhari Nominates Emefiele For Second Term as CBN Governor

BREAKING NEWS: Buhari Nominates Emefiele For Second Term as CBN Governor President Muhammadu Buhari has nominated the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for a second term, according to a breaking news from the Presidential Villa, Abuja. "A letter for the tenure renewal was signed by Buhari on Wednesday and has now been sent to the senate for...... more

7 banks pay N144.99m fine

7 banks pay N144.99m fine Seven banks quoted on the Nigerian Stock Exchange (NSE) paid N144.99 million as fines to regulators in 2018 for various contraventions. Investigations by the News Agency of Nigeria (NAN) indicated that the fines were paid to the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC) and the Financial...... more

Government must create favourable tax policies — Elumelu

Government must create favourable tax policies — Elumelu  The Average Business Owner in Nigeria is a local government authority Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation, Tony O. Elumelu, has called for far reaching Tax reforms and for the National Assembly to urgently pass the Executive Tax bill into law. Elumelu made this statement as he delivered the...... more

Africa won’t develop without technology — World Bank

Africa won’t develop without technology — World Bank The digital transformation of Africa will foster economic growth and reduce poverty the World Bank Vice-President for Africa, Mr Hafez Ghanem, has said. Ghanem expressed the view on Saturday at the launch of the April 2019 Africa Pulse Report, which analyses issues shaping Africa’s economic future. The report was launched in...... more

The hare brained campaign to push Ndi Igbo out of their rightful business positions in Nigeria

The hare brained campaign to push Ndi Igbo out of their rightful business positions in Nigeria I’m getting weary hearing all these discordant voices asking Ndi Igbo to go home! What are the Chinese doing all over the world, setting up businesses and investing heavily in all sectors? This is becoming terribly suffocating to even read such from supposedly educated folks in this century! Why should we...... more

WTO delivers ruling on 15-year-old Boeing vs Airbus rift

WTO delivers ruling on 15-year-old Boeing vs Airbus rift The World Trade Organisation (WTO) is set to make its final ruling over subsidies for rival aircraft makers Boeing and Airbus, a dispute that has pitted the United States against the European Union over the past 15 years. The expected WTO verdict will decide whether the U.S. has stopped bolstering Boeing...... more

Afreximbank develops Pan-African Payment and Settlement Platform

Afreximbank develops Pan-African Payment and Settlement Platform The African Export-Import Bank (Afreximbank) is developing a Pan-African Payment and Settlement Platform to facilitate intra-African trade payments and settlement in African currencies. President of the Cairo, Egypt-based bank, Prof. Benedict Oramah, disclosed this on Tuesday while delivering The Bullion Lecture 2019 at The Civic Centre, Victoria Island, Lagos. He said...... more

Emefiele and financial inclusion in Nigeria, By Andrew Idakwo

Emefiele and financial inclusion in Nigeria, By Andrew Idakwo In developing countries, there is a consistent challenge of ensuring that more and more persons, especially those in the rural areas and the poor, have access to financial services. Therefore, the term ‘financial inclusion’ is a constant recourse when the plight of the rural poor is discussed. Their access to micro-credit...... more

Nigeria to sell stakes in joint oil assets to boost coffers

Nigeria to sell stakes in joint oil assets to boost coffers Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession. Oil companies including Royal Dutch Shell, Chevron and ExxonMobil, operate in Nigeria through joint...... more

Making CBN’s policy rescue of textile industry work

Making CBN’s policy rescue of textile industry work Nigeria’s moribund textile industry has received a boost in a Central Bank of Nigeria policy measure, restricting the sale of foreign exchange to importers of textiles and other clothing materials in the country. Announced recently, the directive takes immediate effect. The strategy is aimed at stimulating economic growth, reviving the sub-sector...... more

Ex-UNILAG VC, Prof. Ibidapo-Obe advises tech start-ups to emulate new Konga strategy

Ex-UNILAG VC, Prof. Ibidapo-Obe advises tech start-ups to emulate new Konga strategy Prof. Oye Ibidapo-Obe, a former Vice-Chancellor of the University of Lagos (UNILAG), has advised tech startups to emulate the new Konga. He gave this charge in a recent engagement with budding entrepreneurs, business owners and other Ph.D. students in Lagos. According to Prof. Ibidapo-Obe, Konga has sprung a surprise in the...... more

Why WFWI invested N571m in Nigeria’s economy to groom women

Why WFWI invested N571m in Nigeria’s economy to groom women The contribution of women in societal and economic transformation cannot be over-emphasised. For societies to thrive and develop, gender equality is essential and their contribution of utmost importance. As its contribution to societal development, WfWI envisions a world in which all women determine the course of their lives and reach their...... more

CBN dismisses allegations of N306/$ sleaze

CBN dismisses allegations of N306/$ sleaze The Central Bank of Nigeria (CBN) has swiftly dismissed claims in a story on the front page of today’s edition of BusinessDay newspaper titled, “Exposed The Sleazy Face of N306/$, inside Nigeria’s racket where faceless agents pocket over N32bn annually”. BusinessDay alleges in the report that faceless agents in Nigeria are...... more

Building confidence in Nigeria’s tough e-commerce market

Building confidence in Nigeria’s tough e-commerce market Despite the positive projections and huge potential locked in Nigeria’s emerging e-commerce landscape, the sector is proving more than a tough nut to crack for the majority of players in the country. Even for the sector’s pioneers, the struggle is real. ECOMMERCE IN NIGERIA: AN EVOLUTION Heralded by BuyRight Africa.com, a...... more

Why only truly indigenous e-commerce companies are champions

Why only truly indigenous e-commerce companies are champions By midday on Tuesday, September 4, 2018, a remarkable development, whose reverberations are still felt today, shook the e-commerce world and the whole of Wall Street. Amazon, an American e-commerce giant, had followed Apple Inc. to become the second U.S. company to reach $1 trillion in market value after the company’s...... more

‘BLACK FRIDAY, an insult to Africans and Nigerians’

‘BLACK FRIDAY, an insult to Africans and Nigerians’ Be original. That’s my best advice. You’re going to find that there’s something that you do well, and try to do it with as much originality as you can, and don’t skimp on the words. Work on the words – Bob Seger Consumerism is the engine of our contemporary society. It...... more

Coca-Cola moving ahead with takeover of Chi juice

Coca-Cola moving ahead with takeover of Chi juice Coca-Cola is moving ahead with plans to take over Nigeria’s leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. The acquisition for an undisclosed price is one of several steps the U.S. company is taking in a global strategy to diversify...... more

NCC should stop arbitrary charges by telcos, by Ebun-olu Adegboruwa

NCC should stop arbitrary charges by telcos, by Ebun-olu Adegboruwa I have noticed in recent times that virtually all the telecommunications companies have adopted a secrete method of fleecing their subscribers through a prohibitive data regime. With the recent increase in Facebook subscriptions, the proliferation of WhatsApp platforms and other social media devices, the Telcos have suddenly turned data subscription into...... more

 

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