BUSINESS

The West cannot pollute the atmosphere for 100 years and ask us not to explore – Adeosun

Nigeria’s minister of finance, Kemi Adeosun, has said it is hypocritical for west and multilateral institutions to tell Nigeria not to use coal-fired power, which drove western industrialisation. Adeosun, who spoke at the International Monetary Fund (IMF) discourse on infrastructure ...

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China to invest fresh $70bn in Nigerian Economy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy.Kachikwu said this while addressing State House correspondents on the outcome ...

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Buhari orders sale of presidential jets

The Federal Government has listed two jets in the Presidential fleet for immediate sale. The jets: Falcon 7x and Hawker 4000, were advertised on page 35 of Tuesday’s Thisday Newspapers, with the adverts showing the performance and specifications of the ...

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Nigeria assures investors of enabling environment

The Federal Government of Nigeria has reassured foreign investors that the country is good, open and secure for business. The Minister of Labour and Employment, Sen. Chris Ngige, gave the assurance at the Labour and Trade Ministerial Roundtable of the ...

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We are doing everything to end recession – Buhari

President Muhammadu Buhari  in a nationwide broadcast to mark the country’s 56th Independence Anniversary of Nigeria on Saturday, gave assurance that his administration is working on the right things in addressing the economic recession. Buhari, who acknowledged that recession for many ...

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Own a small business? FG wants to reduce your income tax

The Federal Government plans to reduce the income tax being payed by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in the sector. A statement by the Federal Ministry of Finance on Thursday said the ...

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Buhari’s full speech at AGM Manufacturers Association of Nigeria

I am indeed pleased to be here with you today on this special occasion of the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN).  I congratulate MAN on the successful hosting of this meeting, which brings ...

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Ogun to house second largest refinery in sub-Saharan Africa

The Government of Ogun state has signed agreement with a consortium of four private firms to build a refinery, proposed to be the second largest in sub-Saharan Africa.The agreement also included the building of the largest petroleum product depot in ...

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Elumelu and Secretary Pritzker’s toast to Africa

Africa’s leading Pan-African bank, recently hosted a cocktail reception for US and African business leaders at the Essex House in New York City. The event was held alongside the UNGA and right after the US – Africa Business Forum(USABF) which ...

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Borrow, spend less and earn more; Obasanjo’s cure for recession

A Former President of Nigeria, Chief Olusegun Obasanjo on Tuesday advised Nigeria to borrow, spend less and earn more in order to get out of the current economic recession.Obasanjo spoke in Abeokuta at the opening ceremony of the National Council ...

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