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Business and Economy

Repositioning the Nigeria Insurance Industry for growth; Government to enable development

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja, explained that a developed and active insurance market would …

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Berger Paints focuses on profitability, value creation as shareholders share N217.4m dividend

Dr Oladimeji Alo, Chairman Berger Paints Plc has assured that the company would sustain its profitability and returns to shareholders even in the face of the challenging economic environment. He said that the company in 2015, made significant progress despite the challenging operating environment characterized by decline in the world …

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Hong Kong Oil Investment Company set to establish Nigeria’s second largest refinery

FOLLOWING Nigeria’s quest and intense desire for Direct Foreign Investment especially in oil and gas infrastructure development, Blooming Faith Petroleum Ltd, a subsidiary of Blooming Faith Global Holdings Ltd has concluded plans to partner with the Nigerian government to build and operate a 200, 000 barrels per day capacity, BPD, …

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Enormous business opportunities available in nation’s fledgling electricity market – Fashola—Govt is poised to tackle energy accessibility

The Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN has said that the sector which is still in transition, has good opportunities for sound business judgement at various segments in electricity value chain, adding that the present administration is also determined to tackle local content initiative being canvassed …

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Umahi receives Chinese engineering giant, seeks 10MW solar power plant

Ebonyi State Government has sought partnership with a Chinese firm, CAMC Engineering Company Ltd, in the area of power, agriculture,mining, manufacturing and health. Governor David Umahi, while receiving a delegation from UNIDO and CAMCE at the Governor’s Lodge in Abakaliki on Wednesday, said “On the issue of power, hospital, mining,agriculture,industry …

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(Review) Using foreign debt resources to turn around ailing economies with idle capacity

Title: From Economic Downturn to Turnaround & Prosperity; Strategy for Economies hit by Recession but which have Idle Capacity Author: Dr. Abraham Nwankwo Reviewer: Simon Ibe A new book by Dr. Abraham Nwankwo, the Director General, Debt Management Office, DMO, has, in great detail, outlined how Nigeria, and other countries …

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Nestlé’s Creating Shared Value Global Forum 2016 holds in Abidjan; Agro-Hub, a social enterprise from Cameroon wins CSV Prize 2016

Governments, civil society organisations and businesses from Africa and beyond came together Tuesday to discuss a range of topics affecting the continent at the Nestlé Creating Shared Value Global Forum 2016. The one-day conference in Abidjan, Côte d’Ivoire focused on this year’s theme – ‘Investing in Sustainable Development in Africa’. …

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Ikeja Electric launches network monitoring to enhance safety … Cautions against conducting commercial activities under power lines

To further strengthen its commitment towards ensuring the safety of lives and properties, Ikeja Electric, Nigeria’s biggest electricity distribution company, has launched its novel Network Safety Monitoring initiative. This initiative allows for round-the-clock electrical asset surveillance across its network by special teams, specifically set up for this purpose. The teams, …

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Lagos to get world class Convention Centre – Ambode…Reiterates commitment to friendly business climate …Gov’s leadership style result-oriented, all inclusive, says LCCI President

Lagos State Governor, Mr. Akinwunmi Ambode on Monday said his administration has commenced the process of developing a top class International Convention Centre that would boost trade and investments, just as he reiterated his unwavering commitment to ensuring the ease of doing business in the State. Governor Ambode, who spoke …

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