International Breweries Plc Friday, released its full year financial statement for 2013, which is largely in line with the company’s forecast, with 30.05 percent increase in the projected profit.

The Central Bank of Nigeria (CBN) has said that Lagos and six other states control about 90 per cent of cash transactions in the country. The other states are Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT).

FORMER Federal Commissioner for Information and elder statesman, Chief Edwin Clark, has called on President Goodluck Jonathan to, as a matter of urgency, declare state of emergency on corruption, saying he must put in place more drastic measures to tackle it.

By CHRIS OCHAYI & CALEB AYANSINA The Federal Ministry of Agriculture and Rural Development and the Bank of Agriculture (BOA), weekend, signed a Memorandum of Understanding (MoU), to improve agricultural production and boost agric-business revenue in the country. This will be achieved through better support to poor farmers, using a mechanism of refinancing Service Provider […]

ABUJA—The Subsidy Re-investment and Empowerment Programme, SURE P, has allocated N30 billion for the completion of the Loko–Oweto Bridge, on the borders of Nasarawa and Benue states, by 2015.

Competition, intense competition,heightened competition. These are the words commonly used to describe the banking industry in Nigeria. It was occasioned by the deregulation of the industry in 1996, which prompted entrance of many new banks. Despite subsequent reforms, the competition did not abate, but became fiercer, and constantly altered the landscape of the industry. Like a tidal wave, it has swept many banks away.

The Lagos Chamber of Commerce and Industry (LCCI) was lately reported to have decried as ill advised and insensitive, the retention of the Monetary Policy Rate (MPR) at 12%, by Central Bank’s Monetary Policy Committee (MPC).

Your Excellency, Mr.President, it does not matter anymore who wins the 20I5 elections. Nigeria at that time will need a leader who can manage widespread poverty at the Federal level and state governors, unlike the wastrels we now have, running the show. By 2015, Nigeria’s crude oil exports and earnings will be far less than what we realize now.

Following its aggressive expansion strategy geared towards establishing its presence in African markets, Dangote Cement Plc, DCP, last week said that it has concluded plans to expand its operation to Tanzania.

Is Africa rising? Judging by the buzz and optimism of the young business leaders and political trailblazers from across the continent who gathered for the World Economic Forum on Africa earlier this month, the answer is a qualified “yes.” The African Leadership Network – co-founded by Stanford graduates Fred Swaniker, now the CEO of the African Leadership Academy, and Achankeng Leke, director of McKinsey’s Nigerian operations – is emblematic of a new generation of leaders who brim with sophisticated confidence about Africa’s emergence. They are part of the coming elite whose ideas shaped the discussion in Cape Town.