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Business and Economy

FOCAC: Nigeria has benefited over $5bn in projects, says President Buhari  

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari disclosed this on Tuesday in Beijing at the FOCAC Round …

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SAMSUNG partners TD to take charge of electronics market  

In yet another ground-breaking deal, Sub-Saharan Africa’s foremost distribution company, Technology Distributions Ltd (TD) has been appointed national distributor of Samsung Electronics in the open market channel – a development that is expected to deliver better pricing and availability of Samsung products across the country and beyond. The landmark partnership was …

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CBN slams N5.87 billion sanctions on Standard Chartered, Stanbic IBTC,  Citibank, Diamond; Writes MTN Bank

…Standard Chartered – N2.4 bn …Stanbic IBTC                      – N1.8 bn …Citibank                              – N1.2 bn …Diamond Bank          – N0.25 bn …writes MTN to refund $8 billion    The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory …

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Nestle still committed to increasing sourcing of raw materials locally

By Itohan Abara-Laserian Lagos, Aug. 28, 2018 In its drive to ensure that Nigerians have wholesome nutritious meals, especially breakfast, Nestle Nigeria Plc says it will continue to leverage on its Creating Shared Value (CSV) Initiatives to further strengthen the development of local content in its products. The company restated …

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 NIMASA Executive Director’s book on Maritime Assets for launch  

A book titled: “Harnessing Nigeria’s Maritime Assets – Past, Present and Future,” authored by the Executive Director, Finance and Administration of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Bashir Jamoh is set to be launched. The book which is a chronicle of events in Nigeria’s maritime industry will …

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