Finance articles

Auto Policy: 10 More Auto Plants to Begin Operations

Ten more auto plants have finalised plans to begin operations in Nigeria before the end of this year. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, disclosed this during a meeting with vehicle manufacturers, dealers and licensed Customs agents in Abuja. He said, “From the stakeholders meetings we have held so far, I

NNPC, Marketers Collaborate To End Fuel Scarcity

CBN Directs Banks To Issue LCs To Marketer In The Bid To Address Ongoing Scarcity Of Petroleum Products As NNPC Collaborates With Marketers, And Other Government Agencies, To Ensure Availability Of Products. Following persistent fuel scarcity in some parts of the country, Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Dr. Joseph Dawha yesterday

Nigeria Corruption Rating Political, Overblown – Jonathan

President Goodluck Jonathan has said that the perception that Nigeria’s corruption has worsened under his leadership is an overblown assessment with political undertones. The President, who spoke Monday night in an interview with Aljazera, said despite the country’s position in the global corruption perception index, the perception that corruption has worsened under his administration is

SERAP Sues Okonjo-Iweala Over Missing 30tn Naira

Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, has been sued by a civil society group, Socio-Economic Rights and Accountability Project, (SERAP) over “failure to provide information about spending of the alleged missing 30 trillion Naira, which represents some accruable income to the Federal Government in the past four years”. The suit filed at the Federal

CHALLENGE UP! – Cisco, Deutsche Telekom and Intel Announce Joint Startup Program

Today at Mobile World Congress, Cisco, Deutsche Telekom and Intel announced Challenge Up! a joint Internet of Things (IoT) accelerator for startups from the Europe, Middle East and Africa (EMEA) region. The program aims at helping innovative IoT startups go-to-market faster through joint projects, mentoring, high-value networking and corporate assets. Selected companies would also be

Nigeria To Host $30bn Refinery Investments

  Existing and proposed refinery projects in Nigeria carry a total investment profile of $30bn Some $30 billion or N6 trillion is entailed in the investment plan to grow the nation’s refining capacity by over 300 percent and finally relieve the economy of all the malaise associated with massive importation of petroleum products as well

Again, Aliko Dangote Remains Africa’s Richest

Bill Gates has been declared the world’s richest man for the 16th time in Forbes magazine’s annual ranking of global billionaires. The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot in the 2015 ranking released yesterday. Similarly, Nigeria’s Aliko Dangote retains the top spot as Africa’s richest although he lost