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Wednesday, October 28, 2020

Lagos with cumulative wealth of $108 billion named fourth wealthiest city in Africa

A New report has ranked Lagos ahead of Abuja and fourth among the 10 wealthiest cities in Africa with a cumulative wealth of $108 billion. The report published on property news outlet africapropertynews.com was based on the The AfrAsia Bank Africa Wealth Report 2018. The report...

FIRS’s Impressive N5.3trn Revenue in 2018

When Babatunde Fowler was appointed the Executive Chairman of the Federal Inland Revenue Service (FIRS) in 2016, he vowed that the agency would substantially surpass previous revenue generation record of the agency. Fowler has not disappointed. He has taken FIRS to the next level....

How relocating tank farms in Apapa would ease traffic congestion in Lagos – expert

Lagos – A Maritime Expert, Mr Peter Obi, says relocating the tank farms from Apapa Wharf area, Lagos state will stop the perennial traffic congestion in the state. Obi, who doubles as a member of the Council for the Regulation of Freight...

Advertisement expenditure drops by 3.3% to N88bn in 2017

Advertising expenditure in Nigeria fell by 3.3 percent to N88.1billion in 2017 from N90.9billion in 2016. This was disclosed by MediaReach OMD in its 2017 Media facts book, an annual advertising review report. The report stated: “There was reduction...

Despite strong GDP growth over the last ten years, Africa has failed to generate economic opportunities for its booming youth population-Mo Ibrahim

Press Release Tuesday, October 30,2018 African governance progress lagging behind needs and expectations of growing population, finds 2018 Ibrahim Index of African Governance Despite strong GDP growth over the last ten years, Africa has failed to generate economic opportunities for its booming youth population Dakar and London, 29...

Nigeria buys 4.79bn litres of petrol in Q2 – NBS Report

By; Okafor Joseph Wednesday, August 8,2018 The National Bureau of Statistics (NBS), reports reveals that 4.79 billion litres of Premium Motor Spirits (PMS) was source abroad into the country in the second quarter. The NBS noted in its “Petroleum Products Imports and Consumption (Truck Out) Statistics’’ report...

Nigerian Advertisers Waste Billions of Naira on Celebrity Endorsements- New Study Reveals

… Researchers Recommend Scholarship, CSR, Skills Acquisition Celebrity endorsement has been regarded as one of the most successful marketing/advertising strategies since time immemorial. However, in Nigeria, with companies spending billions of Naira on endorsement deals involving celebrities, the phenomenon is not yielding the desired result,...

Nigerian CIOs must focus on the needs of the connected consumer

By Magnus Nmonwu, Regional Director for Sage in West Africa LAGOS, Nigeria, May 18, 2017/ -- The IDC CIO Summit (http://IDCCIOsummit.com), currently underway in Lagos, is focusing on how the next wave of social, mobile, analytics and cloud (SMAC) technologies will unleash innovation and productivity...

85% of Africa’s CEOs bullish on Company’s prospect for growth – PwC report

PwC’s Africa Business Agenda report shows that 85% of African CEOs (Global: 85%) are confident in their own company’s prospects for revenue growth over the next 12 months JOHANNESBURG, South Africa, May 9, 2017/ -- Africa’s CEOs are confident that the outlook for business on...
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