Business

Investing In Our People Key To Economic Growth – Osinbajo

*Gates commends Buhari administration for “a series of smart policies to encourage private sector investment” *Nigeria’s growth driven by extracting natural resources and building on that through physical infrastructure, Dangote adds The successes recorded by its social investment programmes are clear indications that the Buhari administration’s Economic Recovery and Growth Plan (ERGP) is making progress, according to Vice President Yemi Osinbajo, SAN. ...

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Nigeria Hosts Third Africa Islamic Finance Forum

Following the huge success of its first and second editions in 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum will return 27-28 March, at the Federal Palace Hotel, Lagos. It is hosted by Nigeria’s Ministry of Finance in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD). This exclusive, invitation-only event is ...

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Cash Flow An Issue? 5 Top Tips To Keep The Cash Flowing

By Magnus Nmonwu Cash flow problems—more money going out of the business than is coming in— are among the most significant reasons that Nigerian companies go out of business. Cash flow isn’t simply about sales or profits—it’s also about your business expenditure and your ability to collect money owing to you. It is possible to have a good profit margin ...

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The 4th Agrofood & Plastprintpack Nigeria 2018 Presents More Innovations

Nigeria’s 4th International Trade Show on Agriculture, Food, Plastics, Printing and Packaging – agrofood & plastprintpack Nigeria – is continuing its success story. Taking place from 27 to 29 March 2018 at the Landmark Centre on Victoria Island, a record number of 140+ exhibitors (+30%) from 21 countries will present more innovations than ever before. The German organisers fairtrade expect ...

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Facebook Under Pressure As U.S., EU Urge Probes Of Data Practices

British privacy regulators are seeking a warrant to search the offices of the political consultancy Cambridge Analytica late Monday following reports that the company may have improperly gained access to data on 50 million Facebook users, according to a Channel 4 television report. The move came as U.S. and European lawmakers demanded an explanation of how the consulting firm, which ...

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Mass Sacking Looms In Oil Industry Over Picketing

Several thousand jobs are on the line as the confrontation between white collar workers union, Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and petroleum industry service firms enter attrition stage. It is not clear what specific actions the oil companies will take, but inferences are strong that massive staff change out is imminent in most of the oil service ...

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How $3bn Was Stolen In NNPC/NDPC Strategic Alliance Contracts – Osinbajo

…says grand corruption is Nigeria’s economy’s biggest problem Nigeria’s Vice President, Prof. Yemi Osinbajo, says the promoters of the companies in strategic alliance contracts with the Nigerian National Petroleum Corporation (NNPC) and NDPC made away with close to 3billion US dollars, almost a tenth of Nigeria’s reserves, at one point. In his remarks at the 7th presidential quarterly business forum at ...

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Fidelity Bank Promotes Financial  Literacy to 3,500 Students in 31 Schools

Fidelity Bank has tutored 3,500 students in 31 schools across Nigeria, as part of activities to mark this year’s Global Money week and Financial Literacy Day. The bank’s Managing Director, Mr. Nnamdi Okonkwo, who was represented by its Divisional Head, Brand and Communication, Mr. Charles Aigbe, was at the Government Day Secondary School, Lokoja, Kogi State. Also, other senior employees of the bank visited other schools in ...

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Bank Fraud: Indian Billionaire Jeweller Modi, In Trouble

Indian authorities have seized a solar power plant and some 134 acres of land belonging to billionaire jeweller Nirav Modi in connection with the country’s biggest-ever bank fraud of 1.8 billion U.S. dollars. “The Enforcement Directorate took possession of the land and solar power plant in Ahmednagar in western India Sunday. “Earlier, it attached 21 immovable properties worth 5.24 billion ...

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Nigerian Banks Lose 2m Customers In 2 Years – Statistics

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion,Nigerian banks lost over 2 million customers between 2016 and 2017. According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), the number of active bank accounts also reduced by 1.5 million, dropping from 65 million to 63.5 million. The statistics obtained by the News Agency of Nigeria (NAN) from the ...

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