Business

Cooperative Societies Nurture More Entrepreneurs 

Raymond Ozoji, Awka Federal Cooperative College Oji River Enugu State was the venue of a three-day capacity building workshop for members of farmers’ cooperatives in Anambra state. The three-day brainstorming cum technical session was designed to seek improved means of enhancing farmers’ cooperatives in terms of finance, administration, membership, business and a host of others. Emphasis was on the need ...

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‘Under Siege’, Oil Industry Mulls Raising Returns And PR Game

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors. The conclusion of the discussions was worrying for those present – pressure is rising and the industry is losing a battle not to ...

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Boeing’s Flying Car Lifts Off In Race To Revolutionize Urban Travel

Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing is competing with arch-rival Airbus SE and numerous other firms to introduce small self-flying vehicles capable of vertical takeoff and landing. ...

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Africa CEO Forum: Jim Ovia, Awosika, Other Business Leaders To Discuss African Economic Integration

The 7th edition of the largest international meeting of Africa’s private sector will be held on March 25 and 26 in Kigali, Rwanda. Leading decision-makers from industry, finance and politics, will come from more than 70 countries to discuss regional integration along with other key topics for the development of Africa’s businesses. At a time when intra-continental trade remains too ...

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Why Nigeria should first support rice farmers before it cuts off imports

Rapid urbanisation is one of the reasons that Nigeria’s demand for rice is so high. Jeremy Weate/Flickr, CC BY-ND Rahman Akintayo Sanusi, Federal University of Agriculture, Abeokuta Nigeria spends an average of US $22 billion (₦7.92trn) each year on food imports. Its major food imports include wheat, sugar and fish. Another big import, rice, accounts for about US$1.65 billion, or ...

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Anambra Welcomes Golden Tulip Hotel 

Raymond Ozoji, Awka “Official opening of Agulu Lake Hotel and Resort on Monday 7th January, 2019 By His Excellency Chief Willie M. Obiano Governor of Anambra state.” That was the inscription strategically placed at the entrance of a new six-star hotel commissioned and officially declared open for business by the Anambra state governor. The grand opening of the world-class hotel ...

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CBN Announces Truce With MTN

The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal remittances on preference shares issued in 2008. CBN’s spokesman and director of corporate communications, Isaac Okorafor announced the breakthrough in a statement published on the bank’s website on Monday. The MTN also corroborated the ...

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Oil Plunges 6 Percent As Economic Slowdown Fears Grip Market

Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. U.S. crude futures CLc1 and global benchmark Brent LCOc1 hit their lowest levels since 2017 during the session, putting both benchmarks on track for losses of ...

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Ocean Marine Denies Pipeline Surveillance Impropriety Allegation

Ocean Marine Services (OMS) has denied allegation of impropriety on its multi-million dollars pipeline surveillance deals with the Nigerian National Petroleum Corporation (NNPC). The company which said this in a document noted that its attention has been drawn to a publication by Eraskorp Nigeria Limited (Eraskorp) in ThisDay newspaper of 10 December 2018, on page 32, with the title “Award ...

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Budget 2019 Is Fundamentally Flawed

By Atiku Abubakar President Muhammadu Buhari presented the 2019 Budget Proposals to the Joint Session of the National Assembly on Wednesday 20 December 2018. Its key aim is to, according to the President, ‘further place the economy on the path of inclusive, diversified and sustainable growth in order to continue to lift significant numbers of our citizens out of poverty’. ...

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