Just as the Africa Continental Free Trade Area (AfCFTA) treaty comes into force January 2021, Nigerian businesses and the entire private sector have to become conversant and knowledgeable with the rules as this would be required so as to benefit maximally from the treaty. Prof. Osinbajo stated this Thursday at …
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The Cocoa Exporters Association of Nigeria has disclosed that 100,000 tons of cocoa beans are trapped at Nigerian ports due to a CBN documentation approval, which forces exporters to ensure that sales from export are repatriated to Nigeria. This was disclosed by Pius Ayodele, President of the Cocoa Exporters Association …
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Elon Musk surpasses Bill Gates to become the world’s second-richest person as Tesla’s market cap inches closer to $500 billion This is the second time in the history of the Bloomberg Billionaire Index that BillGates has ranked lower than number two. Gates has held the top position in the billionaire …
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Ifiok Nkem, CEO and Cofounder of Snapilabs, a software company in Nigeria, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. The Tech founder shared this news on his Facebook page. He wrote: Ifiok Nkem was vetted and …
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Nigerian billionaire Orji Kalu wants to buy a huge stake in Arsenal and “bring trophies back” to the Emirates. The 60-year-old is looking to purchase 35 per cent of the Gunners having made his fortune as a senator, businessman and newspaper owner. Arsenal can no longer compete financially with the …
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Peugeot Automobile Nigeria (PAN) Limited has faulted Federal Government’s plan to reduce import duties and taxes for tractors, buses, and passenger vehicles, noting that it would serve as a disincentive to Nigerian automobile plants and increase unemployment. Chairman of PAN Nigeria, Hon. Ahmed Aliyu Wadada, who stated this in Kaduna …
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Beiersdorf (BDF), manufacturers of Nivea range of products in Nigeria has joined forces with the Lagos Food Bank Initiative by donating N115 Million to mitigate hunger by providing meals to the less privileged and curtail the adverse effect of the food insecurity caused by the Coronavirus pandemic fueled job/income losses …
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Cross River State is partnering the Central Bank of Nigeria (CBN) and Dantata group to create 20,000 agro-based jobs for youths, it has been learnt. Governor Ben Ayade stated this yesterday when officials of Dantata Group and CB visited his office. He said: “The meeting between CBN, Dantata group and …
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The management of Dangote Refinery and Petrochemicals has disclosed that the 650,000 barrels per day project will create jobs for not less than 250,000 Nigerians when completed next year. Group Executive Director, Strategy and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, told reporters at the site that the refinery …
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……Petrol To Sell At N170.17 The Nigerian National Petroleum Corporation (NNPC) has cut N2 from N155.17 ex-depot price of petrol earlier announced on Friday. With this new price, a litre of petrol will now sell at between N166.17 and N170.17 across the country. The state oil company announced the reduction …
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