Business

A white man recently took the internet by surprise when he celebrated his life as a farmer in Nigeria, a profession many citizens are shying away from. Wiebe Boer in a post on his LinkedIn page, shared pictures of his large farmlands located in Kwall, Bassa Local Government Area of …

Africa’s biggest grocery retailer and South Africa-owned chain of stores, Shoprite, has finally left Nigeria–Africa’s most populous nation and biggest market–after 16 years. This is as Ketron Investment Limited–a subsidiary of Persianas Investment Limited–has completed the acquisition of Shoprite operations in Nigeria, after winning a bidding war involving three other …

President Muhammadu Buhari has directed that a ministerial delegation be sent to Ghana to resolve the prolonged conflict between Nigerian traders and Ghanaian authorities. The conflict which revolves around over $1 million levy imposed on Nigerian traders and foreign investors by the Ghana Investment Promotion Centre has seen businesses owned …

In the span of several weeks, the ‘joke’ coin has rocketed in value, with a little help from Musk and a whole lot of daytrader momentum. Dogecoin, the meme cryptocurrency known for its Shiba Inu dog face, has rocketed more than 13,000 percent between January 1 and its all-time high …

The Chairman of BUA Group has also been appointed Chairman of the France Nigeria Investment Club. The BUA Group and Axens, a French-based petroleum technology company, have both signed a progress acknowledgement statement for the proposed BUA multi-billion-dollar integrated 200,000 barrels per day refinery in Akwa Ibom State. The deal …

Nigeria’s Ngozi Okonjo-Iweala Monday resumed duty as the director general of the World Trade Organisation, weeks after her appointment was endorsed by the United States and approved by the trade organization. Her appointment was ratified on February 15. “WTO members have just agreed to appoint Dr. Ngozi Okonjo-Iweala as the next director-general,” …

Simba Group, distributors of Luminous power back-up solutions including inverters, batteries and solar-powered systems, has unveiled the new innovative NRGT Tubular batteries for inverters. The company has also set a new benchmark in the inverter battery industry in Nigeria with a 24-month warranty offer. Speaking during the unveiling of the …

Targets 25% yearly growth rate With the negative COVID-19 pandemic on revenue inflow, Ogun State Government has said that it would automate its revenue generation process as well as leverage citizen enumeration for tax purposes to finance its N399 billion budget. The state’s executive council said it hopes to complete …

The African electronic payments market is expected to grow at 18 to 20 per cent per annum until 2025, reaching $27 billion, up from $8 billion in 2018. Growth is expected to be driven by GDP growth, an ongoing shift to non-cash transactions accelerated by the COVID-19 crises. These were …

… Blames Nigeria’s GDP contraction on oil shock • As NSE unveils plans to list shares of NGX Group   For Nigeria to attract the Foreign Direct Investment (FDI) needed to reduce public debt and shore up its debt to revenue ratio in a sustainable manner, the need to adopt a …