Business

The latest business news in Nigeria, Africa and the world.

Kachikwu Named Among 100 Most Influential Africans In 2017
Militancy Deprived Nigeria Of $100bn In 2016 –Kachikwu
Dr Ibe Kachikwu, Minister of State for Petroleum Resources, has said in his in monthly broadcast on facebook, that constant attacks by militants in the Niger-Delta resulted in the country losing as much as $100bn in revenue last year.
Nigeria's finance minister, Kemi Adeosun
Treasury Single Account Grows To N5.2tr – FG
The sum in the Treasury Single Account (TSA) has grown into N5.224 trillion as at February 10, 2017, said Accountant General of the Federation (AGF), Mallam Idris Ahmed.
Minister for Budget and National Planning, Udoma Udo Udoma
Nigeria Plans To Generate $16.4b Through Asset Sales
The Nigerian government plans to generate as much as $16.4b through asset sales in the next four years to reduce the burden on the public budget, that is according to the Ministry of Budget.
School Feeding: FG Releases Fund, Employs 11, 775 Cooks
The Federal Government has released N844 million and employed 11,775 cooks to start its one-meal per day programme to more than one million primary school pupils across seven states in the country.
Recession: Public-Private Partnership Would Get Nigeria Out Of Recession- Minister
Udoma Udo Udoma, the Minister for Budget and National Planning, has called for public-private partnership to ''leverage and catalyse'' for growth.
Lagos State Increases BRT, LAGBUS Fares
The Lagos State Government on Monday approved the upward review in the fares of commuters using the "LAGBUS" and Bus Rapid Transit (BRT).
Arik Cuts Flight Operations, Routes
The new management of Arik Airline has announced that flight operations would be scaled down to realign with the number of serviceable aircraft currently at its disposal.
NYSC Seeks CBN Loan For Corps Members
The National Youth Service Corps (NYSC) is seeking partnership with the Central Bank of Nigeria (CBN) and commercial banks, to provide soft loans to corps members across the country.
Huawei Launches 'World's First' 5G Communications Hardware For Autos
3GPP Unveils Next Generation Wireless Technology
The 3GPP cellular standards group has officially announced the next generation of wireless communication technology, adopting the term '5G'.
Expert Suggests Ways Nigeria Can Boost Economy
Enugu Chambers of Commerce, Industry, Mines and Agriculture (ECCIMA) President, Ugochukwu Chime, has advocated for the diversification of economy .
APC
Nigeria To Partner EU On Digital Single Market
The Nigerian government has disclosed its readiness to partner the European Union to create a digital single market in Africa's most populous nation.
Toyota, Suzuki Begin Partnership Talks
Toyota Motor Corp. and Suzuki Motor Corp. have commenced formal talks aimed at forging a partnership that in shared procurement, green vehicles, IT and safety technologies.
Dangote Tomato Set To Resume Operations; Begins Survey Of Tomato Farms
Dangote Tomato Processing Factory has begun survey of tomato farms in major tomato-producing states to ascertain the level of availability of the commodity.
Ignoring China Is Not The Solution To Making US Great Again
Expert analysis on why President Trump's style of ignoring China may not be the solution to making US great again, but a spark China needs to become great again.
Apple Discusses Self-driving Cars With Potential Suppliers Of Sensors
Apple Defies Wall Street With Strong Revival In iPhone Sales
Apple Inc took back its mantle as the world's top smartphone seller for the first time in five years, beating out rival Samsung Electronics.
Nigeria Foreign Reserve Climbs To $27.4bn
Figures from the Central Bank of Nigeria show that Nigeria’s foreign reserve has increased by 18.2 per cent, standing at $27.4 billion for January 2017.
Oil Prices Rise As Russia Partner OPEC In Production Cut
Oil prices stabilised on Wednesday as Russia united with OPEC in cutting production to balance the market, even though large supply in the United States dragged on prices.
After Four Years Of Dominance, Toyota Relinquishes Leadership Position To Volkswagen
Toyota has relinquished its leadership position as world’s top-selling automaker to Volkswagen as the Japanese automaker's global sales fell short of the German Volkswagen.
Med-View Airlines To Go Public, To Sell N9.75b Shares
Med-View Airlines, one of the two flag carriers of Nigeria, is set to go public and tap into the anticipated growth of domestic airlines operations in the country with a stock listing of N9.75bn.
Guinness Nigeria Secures Shareholder’s Approval To Raise N40bn Through Rights Issue
Guinness Nigeria has secured the approval of its shareholders to raise N40bn capital through rights issue, Concise News gathers.
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