Business

Buhari Administration On The Right Path In Improving Nigeria’s Business Environment, Diversifying Economy – Osinbajo

Nigeria’s Vice-President, Prof. Yemi Osinbajo, has praised the Muhammadu Buhari Administration for improving Nigeria’s business environment and diversifying the economy. Osinbajo stated this in an interview with Africa Editor of Financial Times, David Pilling, at the Financial Times Nigeria Summit held at the Eko Hotel and Suites, Lagos on Thursday. He said, “There has been a lot of damage to ...

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Tejas Networks Unfolds ICT Products Plan For Nigerian Market

Tejas Networks Limited, a global IT company of Indian origin with over 400,000 products deployed in over 65 countries across the world, has unfolded its grand plan for the Nigerian market. Co-founder, Tejas Networks Limited, India, Mr. Arnoh Roy, unfolded the plan while speaking on the sidelines of the 4th Indo-Africa ICT Expo, which held in Lagos last week. “We are ...

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Fear Over 2019 Elections: Nigerian Stocks Lose N299b In 2 Days

The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in two days. On Thursday, the exchange had pared its stock value by N154 billion, with market capitalization closing at N14.389 trillion. The free fall continued on Friday, with the market capitalisation shedding ...

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Africa Utility Week Industry Awards: AzuriTV Named ‘Innovative Technology Of The Year’

AzuriTV, the first complete home TV pay-as-you-go package for off-grid households, developed by Azuri Technologies, was announced winner of the ‘Innovative Technology of the Year’ award at the annual Africa Utility Week Industry Awards, honouring pioneering projects and people in the industry. Azuri Technologies, a leading commercial provider of PayGo Solar Home Systems to rural off-grid communities, was commended for ...

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Korea Announces $5Billion Financial Package For Africa

The Government of Korea and the African Development Bank have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5billion bilateral financial assistance package for Africa. The Ministerial Roundtable is the signature event of the biennial KOAFEC Conference, ...

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East African Banks Dominate This Year’s African Banker Awards

Winners of the 2018 African Banker Awards have been announced at a prestigious Gala Dinner in Busan, South Korea. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, celebrate excellence in banking and finance on the African continent. East Africa dominated the awards this year. The CEO of Equity Group Holdings Plc in ...

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Investments In Lekki Will Make Lagos Next Business Destination In Africa – Ambode

…ongoing projects in Lekki Free Trade Zone largest worldwide, says Dangote Lagos State Governor, Mr Akinwunmi Ambode, on Sunday inspected the ongoing projects in the Lekki Free Trade Zone, saying the massive investments being jointly made in the axis by government and the private sector was targeted at making Lagos emerge as the next destination for business in Africa. Governor ...

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Osinbajo Projects Creation Of 500,000 New Jobs Via ERGP Focus Labs

*Says Buhari administration working hard to ensure Nigeria’s economic prosperity Vice President Yemi Osinbajo says the Economic Recovery and Growth Plan (ERGP) Focus Labs have have succeeded in identifying more than US$22.5 billion in private investments from about 164 projects, which can be unlocked. Of this amount, Osinbajo said, “USD $10.9 billion of them are what we call ‘Most Ready’ ...

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Excess Charges: CBN Compels Banks To Refund With Interest

The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest. Mr Fada David, Consumer Complaints Management, Consumer Protection Department, CBN, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. This ...

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Warren Buffet Loses Billions, First Time In 9 Years

Warren Buffett has reported a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. in the first quarter, the Omaha, Nebraska-based company said. That marked the company’s first net loss since 2009. The loss was caused by new accounting-rule changes, which the Oracle of Omaha had predicted would cause nightmares. The rules require Berkshire to report unrealised gains or losses in equity investments ...

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