Business

Agro Revolution: Dickson Partners NIRSAL To Create Wealth In Bayelsa       

The Bayelsa State Governor, Honourable Henry Seriake Dickson wants the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Plc (NIRSAL) to partner with his government to expand the frontiers of the agricultural investments his administration has made in the last six years. He said it is by so doing that the Government can conveniently create wealth and employ the teeming Youths to bring ...

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CBN Cautions On Crypto Currency Investment

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria. The Apex Bank’s Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Wednesday in Abuja, said crypto currencies such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Onecoin, and Exchanges ...

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$2bn Needed To Revive Lagos-Kano Rail Line, Says Osinbajo

…our investments in Lekki Free Zone’ll earn Nigeria N8trn annually – Dangote Nigeria’s Vice President, Professor Yemi Osinbajo, on Wednesday said at least $2billion would be required to revive the Lagos-Kano Rail Line as part of efforts to boost local and international trade along the Northern and Southern zones. Osinbajo, who spoke at the opening of the inaugural edition of ...

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9Mobile Sale: Barclays Favoured Teleology, Group Alleges

Condemnation has continued to trail the announcement of Teleology as the preferred bidder for 9Mobile. The latest of the trenchant condemnation rails at the perceived tardiness by Barclays Africa, the financial advisor to the sale of 9Mobile. Making the condemnation in a statement issued in Abuja, a non-governmental organization Business Renaissance Group (BRG), noted that the letter said to have ...

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US Set To Topple Russia As World’s Biggest Oil Producer

The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as its oil import dropped to its lowest level since 2001. IEA Executive Director Fatih Birol said this at an event in Tokyo that United States would overtake Russia as the biggest crude oil producer “definitely next year”, if ...

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African Oil And Gas And The Quest For Prosperity – A Review Of The Book “BIG BARRELS”

Book Review by Funke Michaels, Curator, ReadAFRICA.global BIG BARRELS has arrived very late. For many like myself, who struggled with the scarcity of positive Africa-specific case studies at business school; it’s about time, too. By showcasing examples of countries where the ‘Resource Curse’ is being overcome, NJ Ayuk and Joio Gaspar Marques have placed a finger right on the pulse ...

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Aggressive Diversification, FDI As Panacea For Nigeria’s Economic Problems

  By Chris Uba   Against the backdrop of the ongoing measures by the major oil consuming and industrialized countries of the world to develop alternative energy sources which includes the development of electronic vehicles, it has become imperative for Nigeria to reinvigorate its economic diversification efforts. This will help to put the country on a strong footing if oil ...

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Banks Groan Under TSA

Chris Uba Basking  in euphoria of his  historic victory in the February 2015 presidential election , after three unsuccessful attempts to  rule Nigeria in civil capacity, President Muhammad Buhari  is determined to  make strong impression on Nigerians: to root out the culture of mindless corruption  and  profligacy  habit that  has gained  foothold on the country and replace it with prudency and frugality in the use of resources.   The former military leader ...

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Nigeria Signs African Trade Agreement In March

Nigeria will sign the Continental Africa Free Trade Area Agreement in March as part of efforts to prioritise trade as a significant instrument for reform in the country. President Muhammad Buhari Buhari said on Saturday at the opening of the 39th Kaduna International Trade Fair that the agreement would promote regional trade. “One of the important initiatives of our government ...

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