Business

The estimate of the Buhari administration that the Nigerian economy will grow this year up to 3.5% is on course as the just released GDP figures indicate a further growth in the fourth quarter of 2017. The Nigerian Bureau of Statistics, NBS, on Tuesday announced that the economy grew in the fourth quarter of 2017 by 1.92%. In the previous ...

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 ...

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 ...

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 ...

  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 ...

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 ...

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 ...