Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
OLX Group explains why it acquired Cars45
Mr Ganguly Soumobroto, Chief Executive Officer (CEO) of Cars45, on Friday said the company acquired Nigeria’s largest online used cars market to upscale the business to an international platform. Soumobroto gave the insight at a news conference at Alausa Shopping Mall while responding to questions on the investment made by the international online market platform, […]
Choice Group offers 35% ROI on Gree, Lontor franchise stores
By Babajide Komolafe Choice International Group has assured investors of 35 percent annual returns on investment (ROI) on its Gree and Lontor franchise retail stores in Nigeria. Speaking in Lagos yesterday at the unveiling of the Gree and Lontor Franchise Retail Brands Shops in Nigeria, President, Choice International Group, Chief Diana Chen, said that the company […]
FG’s VAT revenue on steady rise despite COVID-19, lockdown
The Federal Government generated N424.7 billion as Value Added Tax (VAT) in the third quarter of the year (Q3’20). This represents a rise of 30 percent in VAT revenue when compared to N275.12 billion in Q2’20.
WTO DG: Panel presents Okonjo-Iweala as preferred candidate
ECONOMY By Yinka Kolawole, with agency report The selection panel for the new Director General/ Chief Executive of the World Trade Organisation (WTO) has formally submitted the name of Dr. Ngozi Okonjo-Iweala to the Organisation’s General Council for appointment to the position. The panel, constituted from the WTO Ambassadors, recommended that Okonjo-Iweala is the candidate […]
#EndSARS: LCCI postpones 2020 Lagos Trade Fair
As a fallout of the crisis precipitated by the #EndSARS protests, the Lagos Chamber of Commerce and Industry (LCCI) has announced the postponement of the 2020 edition of the Lagos International Trade Fair.
CBN lifts restrictions on mortgage refinancing by MRCs
The Central Bank of Nigeria (CBN) yesterday, said it has lifted the restriction on Mortgage Refinance Companies, MRCs, against refinancing mortgages of non-shareholder banks Mortgage Refinance Companies, MRCs, from.
2021 BUDGET: 29% allocation to capital expenditure not sufficient to bridge infrastructure gap — CIS
The Chartered Institute of Stockbrokers, CIS, has declared that the 29 percent allocated to the capital expenditure in the proposed 2021 national budget is not enough to address the Nigeria’s infrastructural gap.
Stock market shrugs off #EndSARS crises as investors gain N387bn
As Nigerians continue to count their losses to the #EndSARS nationwide protests, buying interest in the stock market surged through the three consecutive days of this week leading to N387 billion gain for investors.
LCCI calls for dialogue, reconciliation
The Lagos Chamber of Commerce and Industry (LCCI) has called on the government and all other stakeholders in the #EndSARS crises to engage in constructive dialogue aimed at amicable resolution, while also seeking compensation for victims and Lagos State government.
#EndSARS: Stocks nosedive, investors lose N113.1bn
By Peter Egwuatu The Nigerian stock market could not sustain the bullish performance recorded earlier in the week as the market, Wednesday, plunged by 0.75 per cent following the curfew announced by the Lagos State as a result of the protest by Nigerian youths against police brutality, tagged #EndSARS. Market analysts have expressed skepticism about […]
Akwa Ibom appoints new management company for Ibom Hotels & Golf Resort
The Akwa Ibom State Government has appointment Icon Hotels and Resorts Nigeria, the Nigerian subsidiary of one of Africa’s leading hospitality management companies, Icon Hotel Group Africa, as managers of its Uyo based 5-star Ibom Hotels & Golf Resort.
SON calls for international standard on planet protection
The Standards Organisation of Nigeria (SON), has advocated for a substantial reduction in human impact and protection of the planet while seeking political will, concrete action and the right tools among which are international standards. In a statement, at the backdrop of the World Standards Day, Director-General, SON, Mallam Farouk Salim, said the focus of the 2020 celebration is “Protecting the Planet with Standards”.
N6bn Lekki Deep Seaport commence work on quay wall construction
LEKKI Port Free Trade Zone, LFTZ Enterprise Limited, promoters of the $1.5billion (about N6billion) Lekki Deep Sea Port, currently under construction at the Lagos Free Zone, Ibeju Lekki, has commenced construction of the 680m long quay wall with the driving of the first sets of piles.
Lagos Continental Hotel opens after 7 months lockdown
As the hospitality industry resumes operations after the Covid-19 pandemic, the management of the Lagos Continental Hotel said it is looking forward for a better future.
Siemens, partners set for UN sustainable goal on energy
Siemens Energy and partners have concluded arrangement to advance energy transformation agenda in view of the long term impacts of coronavirus, COVID-19 in order to sustain the United Nation, UN sustainable Goal 7.
