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Thursday, September 24, 2020

Strong competition looms for Dangote refinery as Nigeria’s NNPC partners Saudi Aramco to revamp local refineries

There is a looming competition for Dangote 65,000 refinery, as Nigeria's Nigerian National Petroleum Corp. and Saudi Aramco partner to revamping local refineries in Africa’s top crude producer and other energy investments. Buhari, who is currently in Saudi Arabia for the Future Investment Initiative, met...

Nigeria Registers 47.05% Y-o-Y Increase in Foreign Trade Surplus in FY 2018…

In the external sector, newly released foreign trade statistics report showed that merchandise goods worth N32.26 trillion were traded in FY 2018, 39.31% higher than N23.16 trillion recorded in FY 2017. Of the total goods traded, value of exports increased y-o-y by 40.46% to...

Buhari’s implementation of Rewane Minimum Wage Report will act as fiscal stimulus to spur inflation rate for economic growth

Analysts tell Naija247news that the implementation of the increase in minimum wage will act as fiscal stimulus which would induce higher inflation rate in the short term; however, in the long run, act as a catalyst for economic growth which would further increase...

UPDATED: South African Businesses in Nigeria Suffer Heavy Losses Over Xenophobic Backlash

* S. Africa has seen anti-foreign riots in recent days * Riots sparked reprisal attacks on S. African business in Nigeria * Nigeria’s president sent special envoy to S. African leader (Adds Shoprite closures) ABUJA, Sept 4 - South African companies MTN and Shoprite closed stores...

ANALYSIS: Predicting a winner between Buhari vs Atiku over South West’s 16.3 million voters

By Ishaya Ibrahim The South West has the second highest number of registered voters. It is home for 16.3 million voters, or 19 per cent of Nigeria’s voting population after the North West with more than 20 million registered voters. An analysis of the voting history...

Lebanon needs to spend at least $20 billion to improve its basic infrastructure

(Reuters) - Lebanon needs to spend at least $20 billion to improve its basic infrastructure otherwise the high growth the country has been witnessing will "dwindle and vanish," the economy and trade minister said on Wednesday. Lebanon is famous for its robust service-oriented sectors, but...

Kola Aluko, Nigerian Fugitive playboy’s yacht spotted at marina in Mexico

Nigerian fugitive and New York playboy Kola Aluko, who is wanted for his role in a $1.76 billion oil scam, may be hiding in plain sight on his $80 million yacht in Mexico, sources told tell Naija247news.   American tourists at a swanky resort...

N10b Defamation Suit: As Ugwuonye’s Trial Begins…

Destiny Ugorji After months of attending to preliminary objections and legal fireworks, a Federal Capital Territory High Court sitting in Apo, Abuja, will on Thursday, 21st September, 2017 commence hearing on a Ten Billion Naira (N10b) defamation suit instituted against controversial Lagos lawyer, Emeka...

I will catalyse Nigeria’s economic growth through blockchain and cryptocurrency regulation – Atiku

Ahead of Nigeria’s general elections in February 2019, Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP)- the country’s largest opposition party – has included the creation of a “comprehensive blockchain and digital currency policy” in his policy document. The move comes...

Kiss Your Boss Goodbye. It’s Time to Be an Entrepreneur

I recently read a reliable report on the attitude of the American workforce.  To my surprise I learned more than half of all employees are not engaged at work. In other words, most workers are not happy, not satisfied, not productive, not loyal, not...
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