Lagos Reduces Hurdles To Land Registration
Omosuyi Temitope, Investment Strategist with Afrinvest Securities, spoke to the Global Business Report about Lagos state reducing the time it takes to register property and also for obtaining construction
Nigeria to Concession Four Airports For Decades
Nigeria’s Aviation Ministry has said plans are in place to concession four of the country’s airports which will enable private investors to own, operate and recoup investments in the Lagos,
Africa’s Oil-producing Nations Rally against Threat to Fossil Fuels
Some African oil-producing nations on Thursday opposed what they described as the global conspiracy to shut down the economies of the continent’s resource-dependent countries. They urged members to take urgent
Musk ‘Trolling’ Puts Brakes on Bitcoin’s Rebound
Bitcoin slipped 4% on Friday after Tesla boss Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the
Nigeria: Central Bank Chief Emefiele Guarantees Manufacturers Steady Supply of Forex
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, on Thursday reiterated the bank’s commitment to ensuring steady availability of foreign exchange for manufacturers. Emefiele also urged banks as well as
Dangote Unveils New Sugar Brand
Africa’s leading sugar manufacturer, the Dangote Sugar Refinery (DSR)has unveiled an innovative sugar brand, tagged: New Look, Same Great Quality. This was contained in a press statement signed by Mr.
NNPC: $40bn Investments Needed for Nigeria’s Gas Plan
The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will require at least $40 billion in direct investments in basic infrastructure to achieve the
At the Launch of Heirs Insurance and Heirs Life
The Heirs Holdings group has launched Heirs Insurance and Heirs Life which seek to strengthen the presence of quality insurers in Nigeria. At a time when insurance penetration is nearly
Nigerian Industrialist Elumelu Unveils New Insurance Companies
The doors of Heirs Insurance Limited and Heirs Life Assurance Limited were on Tuesday officially opened for business in Lagos. The ceremony also saw the unveiling of the Heirs Towers,
Revival of Cotton, Textile Industries Critical for Nigeria’s Economic Recovery: Central Bank Chief Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday described the revival of the Cotton, Textile and Garment (CTG) sector as crucial for strengthening economic
Oil Price Hits 30-month High on OPEC’s Demand Rally Forecast
Crude oil prices Tuesday climbed to the highest point in more than two-and-a-half years, after the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ forecast a
Bus Fares In Nigeria Jumped By 72%, ‘Okada’ By 86% In April 2021
[bc_video video_id=”6256876853001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] Tajudeen Ibrahim, SVP and Head of Research at Chapel Hill Denham, spoke to the Global
Tesla’s Vehicle Price Increases Due to Supply Chain Pressure, Musk Says
The price of Tesla (TSLA.O) vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a
Nigeria’s Stock Market Sheds $2bn in May as Investors Weigh Options
The rally witnessed in Nigeria’s equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors. Owing to this, the
Report: Nigeria’s Losses Constrain OPEC Oil Output in May
Oil production output by the Organisation of Petroleum Exporting Countries (OPEC) rose in May as the group agreed to ease supply curbs under a pact with allies, but was dampened
NNPC Eyes Stake in Six Private Refineries
The Nigerian National Petroleum Corporation (NNPC) on Monday unfolded plans to acquire shares in five more private refineries in Nigeria, bringing to six its interests in refineries it is targeting.
Nigeria Concludes Marginal Field Bid Round, 80 Winners Get Award Certificates
Nigeria’s Department of Petroleum Resources (DPR) on Monday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process,
Nigeria: DPR Set to Issue Award Letters to Marginal Field Bid Winners
Nigeria’s Department of Petroleum Resources (DPR) on Saturday announced that it had concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. In
No Row over Addax Oil Blocks’ Revocation, Nigeria and China Say
The Chinese Ambassador to Nigeria, Mr. Cui Jianchun, and Minister of State, Petroleum Resources, Mr. Timipre Sylva, on Thursday met in Abuja, with both countries agreeing that there’s no row
Nigeria: $85bn Infrastructure Investment Needed for Double-digit Growth, Central Bank Chief Emefiele Says
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, declared that N35 trillion (about $85bn) investment in infrastructure is required for the economy to post a double-digit
