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Category Archives: Nigeria News
By HUMPHREY NKONDE
United Bank of Africa (UBA) has in the last nine months increased its profits by seven percent representing N62 billion before tax.
Companies should respond by putting in place systems and processes that enable them to report accurately on revenue and expenses and to streamline tax submissions
The 2017 summit will be a 2-day event, themed, “Paving the Way”, and will be held on March 6th and 7th 2017 at the Intercontinental Hotel, Victoria Island, Lagos
When the IMF predicted that the Nigerian economy was heading towards recession in April 2016, a vast majority of the population did not understand the full implication of the economic situation. A few months down the line with dollar rates plummeting beyond reasonable resolves, price of food, real income and unemployment reaching unbearable heights; questions are finally being asked.
Companies across the continent turn to IBM Cloud to drive growth strategies, accelerate digital transformation projects and mitigate the macro-economic challenges of their operating environment
Increasing demand for petroleum products has led to refineries in Africa not to be able to satisfy the level of demand while much rely on imports to meet the deficit. This existing challenge has led the Centurion Law Group to examine the immediate status of the Africa Refinery sector and how private investors can benefit while solving the challenge of rising demands.
Three years after the launch of Power Africa, the United States is on track to fulfill its initial $7 billion commitment over five years
Small & Medium Businesses in Nigeria face challenging times, even as the economy slides
A World of Differences: Five Shifts Set to Shape the Future of Africa’s Entertainment & Media Industry
The Outlook presents annual historical data for 2011 – 2015 and provides annual forecasts for 2016 – 2020 in 11 entertainment and media segments for South Africa, Nigeria, and Kenya
GE, which has operated in Africa for over 100 years, committed at the 2014 event to invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018
Recent reports from most consultancy firms and business development firms regarding the future of technology in Africa is providing a bright prospect for the continent. Frost and Sullivan recently not long ago expressed through several indications that Africa could be the new China – staging most technological advances. Across Africa, youth are using mobile devices to solve existing real time challenges that are affecting their communities and countries – Like Farmerline in Ghana, and Lagare in Morocco. In Nigeria, the situation seems more intense and advancing.
TMT Finance is teaming up with IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, to bring an international audience to Africa’s technology hub, Lagos, for the first event of its kind in Nigeria
The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time for local governments that want to attract oil & gas investors to reform their regulatory, fiscal and licensing systems,” says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader (PwC.com).
Scatec Solar (ScatecSolar.com) has signed an agreement with CDIL, a Canadian renewable energy development company focused on Africa, and BPS, a Nigerian strategic consulting firm, securing the 100 MW (DC) Nova Scotia Power plant located in Jigawa State, Nigeria. This agreement was announced in connection with Scatec Solar’s second quarter results.
On Wednesday (27 July 2016) the Foreign Office in conjunction with PricewaterhouseCoopers held the official launch of the report ‘Seizing the Opportunity: An economic assessment of key sectors of opportunity for UK business in Nigeria’. The event was hosted by The Prime Minister’s Trade Envoy to Nigeria, John Howell, MP.
WorldRemit (WorldRemit.com), a leading online remittance provider, is calling for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable to provide services to the West African country.
The 40-year-old Nigerian national, known as ‘Mike’, is believed to be behind scams totalling more than USD 60 million involving hundreds of victims worldwide