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Business and Economy

Petrol price increase, sustainable transportation and alternative fuel for vehicles By Prof Chijioke Nwaozuzu

The Nigerian economy has borne the huge burden of subsidy payments on petroleum products. Massive importation of light petroleum products (petrol, diesel, and kerosene) continues unabated because the national refineries are working sub-optimally and new ones are yet to be constructed. Recently, government announced its plan to privatize the old …

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ForexRally Nigeria rewards trader with new Toyota Hilux …Lavish others with prices

ForexRally Nigeria Limited, in keeping with its promise, on the 10th of May, redeemed its pledge when the highest point gainer in the just concluded Forexrally forex trading competition, Mr. Harry Williams, grabbed the coveted price, a Toyota Hilux truck, valued at about N8million. ForexRally Nigeria Limited lived up to …

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Oshiomhole squandered over N1trn on inflated projects nearly eight yrs in office — Ize-Iyamu

Opposition Peoples Democratic Party (PDP), governorship aspirant in Edo State, Pastor Osagie Ize-Iyamu, has claimed that the Governor Adams Oshiomhole- administration in the state received over N1 trillion in the last seven and a half years from the Federation Account as well as the Internally Generated Revenue (IGR), but lamented …

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BAFM: Integrating African Stock Exchanges for enhanced performance

Recently, the Nigerian Stock Exchange (NSE) and the African Securities Exchanges Association (ASEA) reinforced the need for further advancement of African economies through strengthening of African financial markets. At a two day capacity building seminar with the theme “Addressing liquidity concerns in African capital markets,” organized by the NSE and …

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Lagos rakes in N101.69bn in First Quarter of 2016 …Declares N4.85bn surplus revenue …Partners Japanese agency on N300bn Marina-Ikoyi-Lekki monorail project

The Lagos State Government generated a total revenue of N101.69bn in the first quarter of 2016 out of which a surplus of N4.85bn was realized as against an expected N29.92bn deficit, the State’s Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade said on Monday. Speaking at the ongoing Ministerial …

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Airtel unveils flagship Expo Centre in Lagos

Leading telecommunications services provider, Airtel Nigeria, has commissioned its Expo Centre, a fully automated service hub located at 47, Adeola Odeku Street, Victoria Island, Lagos, in a strategic drive to empower telecoms consumers. The one-stop touch-point, which was declared open recently, is the flagship service centre of the Telecommunications Company …

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Obijackson Group showcases Nigeria’s potentials at Offshore Technology Conference in America

The Obijackson Group, one of the fastest growing conglomerates in Sub-Saharan Africa, has stated that it is attending the Offshore Technology Conference (OTC) holding in Houston, United States of America from May 2 to 5, 2016 for economic ambassadorial purposes. It noted that its obligations to the nation includes projecting …

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