Business

Private, Public Sectors Must Work Together To Fast-Track Nigeria’s Growth And Development, Says Osinbajo

*Says Buhari administration committed to ensuring that identified projects are completed *Focus Labs will solve issues of bureaucratic delays, funding  Nigeria’s Vice-President, Prof.  Yemi Osinbajo, says private and public sectors must work together to fast-track Nigeria’s growth and development. Osinbajo stated this at the mid-lab syndication for the economic recovery and growth plan (ERGP) focus labs, held at the Sheraton ...

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Uber Reaches Settlement With Family Of Autonomous Vehicle Victim

The family of a woman killed by an Uber Technologies Inc [UBER.UL] self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the first fatality caused by an autonomous vehicle. Cristina Perez Hesano, attorney with the firm of Bellah Perez in Glendale, Arizona, said “the matter has been resolved” between Uber ...

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Bill Gates Faults FG’s Economic Plan

 …urges more investment in education, health The Co-Chair of the Bill and Melinda Gates Foundation, Mr. Bill Gates, on Thursday said the Federal Government’s Economic Recovery and Growth Plan was not reflective of the people’s needs. He also said the country would do better with strong investments in health and education, rather than concentrating on physical infrastructure to the detriment ...

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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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