Business

Recession Ends When Nigerian Can Eat 3 Square Meals’ – Atiku

September 7, 2017 Mr Felix 0

In a reaction to the news from the Federal Government that the country has exited recession, former Vice President Atiku Abubaka stated that real recession ends when Nigerians can eat three square meals. A recent report from the Bureau of Statistics has announced that Nigeria has exited recession in the {….}

Business

Stock market for week ended August 4th, 2017

August 7, 2017 Joshua Samuel 0

 A total turnover of 2.518 billion shares worth N114.117 billion in 23,546 deals was traded this week by investors on the floor of the Exchange in contrast to a total of 2.211 billion shares valued at N30.636 billion that exchanged hands last week in 26,287 deals. The Financial Services Industry {….}

Business

IMF Cautions CBN against Uncontrolled Bailout and Stranglehold on Forex

August 3, 2017 Mr Felix 0

The International Monetary Fund (IMF), has advised the Central Bank of Nigeria (CBN) continuous lending to the government for the provision of infrastructural facilities. The IMF’s argument is that continuous provision of funds would encourage laxity and indiscipline in the management of funds hence further exposing the economy which is {….}

Business

Please Finish Your Refinery Before 2019- Feds Begs Dangote

August 1, 2017 Joshua Samuel 0

The Federal Government has said it depends intensely on the Dangote refinery to satisfy its guarantee to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for petroleum resources, Mr. Ibe Kachikwu, who went to the Dangote oil Refinery site at Lekki facilitated trade {….}

Business

Etisalat Now 9mobile Is Already Attracting Big Time Investors

July 23, 2017 Joshua Samuel 0

9Mobile, previously Etisalat Nigeria, is pulling in huge Investors. Organizations that have demonstrated solid intrigue are BUA Group, Virgin Mobile from the United Kingdom and Vodacom of South Africa. A couple of others have likewise connoted Interest to take over 9Mobile which still appreciates substantial support and dependability in spite {….}

Business

Samsung’s Office Has Been Sealed By The Federal Government

July 19, 2017 Joshua Samuel 0

The Standards Organization of Nigeria on Tuesday locked down the premises of Samsung West Africa in Victoria Island, Lagos, for inability to register some of its products being promoted in Nigeria. Head of Public Relations of SON, Mr. Bola Fashina, said this in an announcement in Abuja on Tuesday. Fashina {….}

Business

Etisalat Is Re-branding To 9mobile

July 15, 2017 Joshua Samuel 0

Etisalat Nigeria is currently set to change its image name to 9Mobile GET247NEWS accumulated that a declaration to the impact will be made soon. Etisalat had ended an administration concurrence with its Nigerian arm and will eliminate the brand in three weeks. Reuters detailed that the CEO of Etisalat International, {….}

Business

Aliko Dangote Is Set To Invest $4.6BN In Agriculture

July 13, 2017 Joshua Samuel 0

The Dangote Group, controlled by Africa’s wealthiest man, Aliko Dangote, plans to put $3.8bn in sugar and rice, and $800m in dairy generation in the following three years as the organization tries to grow and manage deficiency of dollars expected to import crude materials. The Director at Dangote’s Industries’ unit, {….}

Business

Boye Olusanya Steps In As New Etisalat CEO

July 5, 2017 Joshua Samuel 0

Previous Deputy M.D of Celtel Nigeria (now Airtel Nigeria), Boye Olusanya, will be the CEO of Etisalat Nigeria amid the move time frame, TheCable reports. Matthew Willsher ventured down as President on Monday, alongside the CFO, Olawole Obasunloye. Joseph Nnana, a Deputy Governor of the Central Bank, will be the {….}

Business

For Nigeria To Progress People Must Pay Tax -Adeosun

July 4, 2017 Joshua Samuel 0

Minister of Finance, Kemi Adeosun, has said Nigerians must begin conforming to pertinent tax laws to make the country prosperous; focusing on that prosperous countries have elevated amounts of tax consistency among natives. As per her, each country must come “clean” announce genuinely what his or her income and Assets {….}

Business

Etisalat Nigeria CEO And CFO Resigns

July 4, 2017 Joshua Samuel 0

Etisalat Nigeria CEO (President), Mr. Matthew Willsher, and (CFO), Mr. Wole Obasunloye, on Monday surrendered their appointments. Their resignation came a couple of days after its Emirati non-official directors (NEDs), standing for the interest of Mubadala development Organization and Emirates Telecoms Group Organization (Etisalat Group) likewise ventured down from the {….}

Business

Brazilian Beef Imports Banned from the US

June 23, 2017 Mr Felix 0

The United States Department of Agriculture (USDA) has just announced the suspension of all fresh beef imports from Brazil due to what it termed recurring concerns about the safety of the products intended for the American market. In a public statement to that effect, the US Secretary of Agriculture, Sonny {….}

Business

Borrowing Part of Govt. Financing’ – Udo Udoma

June 21, 2017 Mr Felix 0

Minister of Budget and National Planning, Udoma Udo Udoma in a media interactive program this morning said that borrowing to finance part of the 2017 budget was inevitable since there is a shortfall in government revenue. The minister maintained that if we do not borrow to fund the budget from {….}