Business

Low Sugar Inscription: Apologise To Customers, Court Orders Nigerian Breweries

Justice Esohe Ikpomwen of Edo High Court, on Wednesday, ordered the Nigerian Breweries Plc, to apologise to one of its customers, Prof. Ernest Izevbigie, for the wrongful inscription of “low sugar’’ on its product. Izevbigie, a professor of Biochemistry had alleged that the company inscribed misleading information, “low sugar,” on the can of one of its non-alcoholic drinks, Amstel Malt. ...

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Nigeria An Investment Destination Of Choice, Osinbajo Tells German Investors

Nigeria is a leading investment destination for potential and serious investors, and the business opportunities are abundant and increasing, according to Vice President Yemi Osinbajo, SAN, today at the first Nigeria-German Business Dialogue in Germany. He made the disclosure today at the Adlon Kempinski Hotel in Berlin, where the Vice President spoke on the abundant investment opportunities available in Nigeria, ...

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Osinbajo Addresses German Business Community

Vice President Yemi Osinbajo, SAN, would be addressing a group of notable German business leaders in Berlin, Germany, tomorrow, Monday, December 10. Prof. Osinbajo would be speaking on the potential of the Nigerian market and the gains recorded by the country through its Ease of Doing Business reforms. The Buhari administration’s Ease of Doing Business reforms have helped in improving the country’s ranking ...

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Fuel Scarcity Looms As Oil marketers Ultimatum Expires Monday

Prospects of another round of fuel scarcity in the country emerged Saturday as oil marketers said they were yet to reach an agreement with the Federal Government on the N800 billion subsidy arrears. The marketers’ ultimatum to government to pay them or risk the shutdown of depots expires on Monday. And Mr Olufemi Adewole, Executive Secretary, Depot and Petroleum Products ...

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Excitement As Osinbajo Launches N10,000 Tradermoni In Ilorin

Providing interest-free loans to petty traders nationwide empowers ordinary Nigerians and helps to tackle poverty, while enabling those at the bottom of the economic ladder who work the hardest do better, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Friday during his visit to Ilorin, Kwara State capital, where he launched the N10,000 collateral-free TraderMoni scheme ...

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Small businesses in Africa will be on the frontline of climate change

In Zambia businesses in the food processing sector, are in for a tough time. flickr/Simon Hess Kate Elizabeth Gannon, London School of Economics and Political Science and Declan Conway, London School of Economics and Political Science Climate change is going to have huge consequences all over the world, especially in Africa. Harvests will be affected, threatening agricultural outputs. This could ...

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How Nigeria can attract and keep the right kind of foreign direct investment

Nigeria’s President Muhammadu Buhari at the US-Africa Business Forum in New York in 2016. EPA/Drew Angerer Tolu Olarewaju, Staffordshire University Two of the largest banking and financial services institutions in the world, HSBC and UBS, have recently closed their local representative offices in Nigeria. There’s also trouble brewing elsewhere in Nigeria’s business world that’s prompted fears about the climate for ...

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Oil Tumbles On Oversupply Concerns, Sinking World Stocks

Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. Both Brent and U.S. crude fell to their lowest levels since October 2017 and were on course for their biggest one-month decline since late 2014. Although the Organization of the Petroleum Exporting Countries is expected to curb output, ...

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REAN Launches Solar Energy Information Portal

Renewable Energy Association of Nigeria (REAN) says it is pleased to be at the forefront of activities promoting the growth and development of the renewable energy industry. Having regularly arranged or collaborated on awareness and capacity building programmes, the association is currently planning webinar to launch a solar energy information portal. In a statement made available to NewsProbe, the Executive ...

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NLNG Plans $4b Gas Project

The Nigerian Liquefied Natural Gas Limited (NLNG) is planning to hire Nigerian companies to develop Train 7 gas project expected to commence soon to increase gas production to 30 million tonnes yearly. The project which would cost over $4 billion dollars is designed to improve on the present production of 22 million tonnes per annum (MTPA). Mr Tony Attah, NLNG’s ...

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