Business

Africa needs $200bn yearly energy investment — IPPG

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
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Beyond “Happy New Year!” (Part One)

Let me to begin this write-up by wishing you a (belated?) Happy New Year! I wish all our readers a wonderful year. I must also thank those who have kept faith with this column, especially those who have found time to send feedback on the issues discussed here.

Will the new automotive policy give us affordable made-in-Nigeria car?

The move by the Federal Government to restrict the importation of fairly used vehicles (Tokunbo) into the country with a new automotive policy through a higher tariff regime is unsettling for many Nigerians, especially low income earners who depend on the vehicles for their daily transportation need as they cannot afford new cars because of high prices. While big car dealers see the policy as a good initiative to resuscitate the local automobile industry, private individuals expressed the fear that prices of imported vehicles may soar once the implementation of the new tariff regime from 35 per cent to 70 per cent begins.

We need innovations for economic growth – Onuk

Ini Onuk, is one of the gifted Nigerian women who believe women are the fragrance of life. She is a woman of many colours. A Lead Consultant/CEO, ThistlePraxis Consulting Limited; a prolific writer who has launched 2nd and 3rd books. In this interview with woman in her prime, she reveals how her company was able to introduce new innovation in 2013 which cut across every sector of the economy. She encourages women to go all out achieving and making impact in the society.

‘Monetary policy to pose challenges to capital market activity in 2014’

Uncertainty around monetary policy following the appointment of a new Central Bank of Nigeria, CBN Governor and Policy Committee (MPC) will pose challenges to the performance of the capital market in 2014, says the Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema.

Cassava farmers, processors task FG on N4.3bn cassava bread fund

Nigeria is said to produce more cassava than any other country in the world. It is the third most important source of calories in the tropics, after rice and maize. Millions of people depend on cassava in Nigeria and Africa in general.
Cassava is grown by poor farmers, many of them women, often on marginal land. For those people and their families, cassava is vital for both food security and income generation.

Kano farmers, agro suppliers honour agric minister

The All Farmers Association of Nigeria (AFAN), Kano State branch, has honoured the Minster of Agriculture and Rural Development, Dr Akinwumi Adesina.
The event, which was organised in collaboration with Kano State agro suppliers, was held at the Sheraton Hotel in Abuja.

CIBN, LBS partner on manpower devt for banks

The Chartered Institute of Bankers of Nigeria, CIBN, has entered into a strategic partnership with Lagos Business School/Pan African University, with a view to producing skilled manpower to drive the banking and finance industry.

BPP accuses civil servants of impeding govt policies

The Bureau of Public Procurement, BPP, has accused civil servants of impeding implementation of government policies, saying it considered and approved a total of 184 requests for projects valued at about N1.2 trillion in 2013.
BPP Director-General, Mr. Emeka Muoma Ezeh, disclosed this at the 2014 retreat for federal permanent secretaries organised by the office of the Head of the Civil Service of the Federation in collaboration with BPP in Lagos. He said the approval was made from 308 projects valued at N1.7 trillion received within the year.

GlaxoSmithkline gets interim MD as Okoro bows out

GlaxoSmithKline Consumer Nigeria Plc, GSK, has announced the appointment of an interim Managing Director, Justin Korteasa following the voluntary resignation of Mr. Chidi Okoro, as the company’s Managing Director with effect from March 15, 2014.

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