Africa will become the world’s next big growth market, similar to the Asian boom, McKinsey, a management consulting firm said on Tuesday. “While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades,’’ it […]
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The federal government and UNIDO have signed a $60 million new country programme for Nigeria to cover industrial governance, research and statistics, and Micro Small and Medium Enterprises development programme. The programme is part of efforts of Nigeria to accelerate the country’s industrialisation process through the Economic Recovery and Growth Plan (ERGP). Mr Okechukwu Enelamah, […]
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In spite of its huge potential in production of perishable products, Nigeria currently lacks the conditioning centres as the cold chain in exporting the products. The country is noted for its global leadership position in the production of yam and cassava tubers, shea nuts cocoayam, Sorghum melon seed, kola nut and other agricultural produce, but […]
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The Federal Government has approved the sum of N60 billion to support rice production in the country and crash its market price ahead of the festive period. Minister of Agriculture, Audu Ogbeh, disclosed this to State House correspondents on Tuesday at the end of the National Food Security Council in Abuja. “The government has approved […]
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The Federal Government of Nigeria on Wednesday announced the issuance of $2.86 billion aggregate triple bond series under its Global Medium Term Note Programme. A finance ministry statement on Wednesday night said the Notes comprise a $1.18 billion seven-year series, $1billion 12-year series and $750 million 30-year series. Details of the issue show the seven-year […]
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Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54 year-old Nasiru Ado Bayero. Stephane Beuvelet will serve as the acting managing director, according to a statement by Mohammed Edewor, a new non-executive director of the new 9Mobile. The appointment of the board […]
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Presidency has described as unbelievable and unfortunate that attack on TraderMoni scheme which is designed to assist traders. The presidency said that the attack on the programmes was an attack on the hardworking petty traders and Nigerians in general. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the […]
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In a bid to further encourage payments on its Point of Sale Terminal (PoS) terminals , Pan African Financial services group, United Bank for Africa(UBA) has announced that it will be rewarding 25 lucky customers with N100,000 each, when they make payments with their UBA cards on UBA POS terminals at any merchant location. […]
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5,000 African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos on Thursday, October 25, 2018 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gathering of African entrepreneurs in the world, is a unique opportunity for bringing together young business talent, creating dynamic […]
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Pan African financial institution, United Bank for Africa (UBA) Plc at the weekend honoured four retiring directors while restating its commitment to ensuring strong corporate governance across the group. The four directors who had collectively served the bank for over 40 years, were celebrated for their remarkable contributions to the group, over the years. The retired […]
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