Business
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Reviving Nigeria’s Shrinking Economy
Dec 30, 2016By: Amina Ado The condition of the Nigerian economy has preoccupied many Nigerians in the last several months. Hardly was anyone surprised when the National Bureau of Statistics (NBS) released its second quarter 2016 Gross Domestic... -
Poverty Dropped From 62 To 33 Percent In Voodoo Economy
Sep 11, 2014For whia? These Voodoo economists are like opposite adversaries in the judicial system. You can get an economist to support whatever position you want. By the time they calculate their Gross Domestic Product GDP, Net Domestic... -
CAMAC energy discovers more oil in Nigeria
Aug 4, 2014CAMAC Energy Inc announced today the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well commenced drilling operations on June 15, 2014 and has both a vertical and... -
Dangote to invest $1 billion in rice farming in Nigeria
Aug 2, 2014Africa’s richest man Aliko Dangote yesterday signed a $1 billion Rice Investment Memorandum of Understanding (MoU) with the Nigerian government. In an event at the State House in Abuja, the Minister of Agriculture, Adewunmi Adesina, signed... -
Lagos generates 120 billion Naira IGR in 6 months
Jul 31, 2014The Lagos State Internal Revenue Service (LIRS) on Thursday said it generated more than N120 billion from taxation between January and June this year. The Executive Chairman of the service, Mr Tunde Fowler, told the News... -
Poor power generation hinders industrialisation in Nigeria — Mbisiogu
Jul 21, 2014By Vera Samuel Anyagafu and Njoku Jerry The venue was the Landmark Hotel Convention Center, Chaoyang, in Beijing, China and the event was a grand award-giving ceremony in honor of one of Nigeria’s best China-based entrepreneurs... -
Fire at Exxon-Mobil Nigeria’s Qua-Iboe facility
Jun 30, 2014There was a fire outbreak at the Exxon Mobil Corp. Qua Iboe terminal in Nigeria on Friday 27th June. This resulted in an oil spill at the facility located in Akwa Ibom state, Southern Nigeria. The... -
President Jonathan unveils Abuja centenary city
Jun 24, 2014President Goodluck Jonathan today performed the ground-breaking and unveiling of the Abuja Centenary City Project. The project, which is located along the Airport road, will cost N2.976tr ($18.6 billion). The city which will be sited on... -
Shell offers £30 million compensation to Niger Delta community
Jun 23, 2014Royal Dutch Shell has offered to pay £30 million as compensation for two oil spills in Nigeria in 2008. About 15,000 residents of Bodo, in Nigeria’s Niger Delta had sued the oil giant for £300 million... -
World Bank approves $495 million for Agriculture in Northern Nigeria
Jun 20, 2014The World Bank’s Board of Executive Directors today approved a US$495.3 million International Development Association (IDA*) credit to improve farmers’ access to irrigation and drainage services, strengthen institutional arrangements for integrated water resources management and improve...