Category Archives: Nigeria News
Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. The Nigerian economy, since independence, has been operated by the maintenance of the neo-colonial system of development incapacitation, primary commodity export, dependency and poverty generation. Its basic and long-standing focus has been on the expanded production and export of primary commodities, such as agricultural products like palm oil, groundnut, cotton, cocoa, rubber in the 1960s and 1970s and subsequently crude oil since the 1970s. But as raw material export depends on external demand, it does not activate autonomous and secure economic activity. Therefore, the Nigerian economy has no internal capacity for mass production and self-propulsion. It is a large, unfree, dependent and unviable economy.
Visitor registration is now open for Propak West Africa 2017 as the show is set to make history as the largest edition to date.
Compelling Mozilla-backed research (www.Mozilla.org), carried out by Research ICT Africa, finds that significant barriers to internet access remains in four African countries – Rwanda, Kenya, Nigeria and South Africa. The research aims to understand, from a comparative perspective, how the citizens use the internet when data is subsidised and when it is not.
Dangote Cement (DangoteCement.com), Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.
While Nigeria’s economy and external sector have long been dominated by oil and petroleum, the country is currently seeking to tap into the extensive reserves of solid minerals such as gold, tin, coal and others
International companies face more challenges than ever – particularly when looking to expand into the burgeoning markets of Africa.
Ghana hosted the 2nd edition of the African Clean Up Conference through the Green Africa Youth Organization. The event was held at Hans Cottage Botel in Cape Coast, Ghana during the weekend. This was to match up with the action the desires of the convener of the conference, African Clean Up Initiative, a non-governmental organization in Nigeria and also the convener of the Clean Up Nigeria Project for Africans to begin to take responsibility in solving their environmental challenges in both indigenous and creative ways.
ASKY, a pan African airline formed by key players in Africa such as Bank for Investment and Development (EBID), the West African Development Bank (BOAD) and the ECOBANK Group, as part of its mission to connect West Africa and central Africa more easily with the focus of making business and leisure travel easily as well as reducing the flying time for travelling between the two regions of Africa, has inaugurate daily flights in Accra, Lagos and Abuja which started on July 3, 2017.
Voluntary Assets and Income Declaration Scheme (VAIDS) is a golden opportunity for Nigerian companies to regularise their tax affairs
It gives taxpayers an opportunity to voluntarily declare all previously undisclosed assets and income, and thereby regularise their affairs
Xpress Money and TerraPay partner to enable real-time international money transfers to mobile wallets in Africa
- Initial service rollout includes remittances to all mobile wallets in Tanzania and all mobile numbers in Nigeria
Xpress Money, one of the world’s most dependable money transfer brands has partnered with TerraPay, the world’s first mobile payments switch, to enable real-time international money transfers to mobile wallets in Africa. Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make it faster and convenient for Xpress Money consumers to send money to mobile accounts, in real time.
Commercial quality mineral resources abound in Nigeria but that’s not the issue here. While it’s true Nigeria has been blessed with grand quantities of gold, diamonds, iron ore, a variety of gemstones and lead, among others, find the technical expertise and financial savvy to take advantage of the resources has long plagued the region.
In a world first, Nigeria is pioneering a new solar electricity service and it is already transforming lives.
South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.
Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 percent increase in 2017, according to the annual survey by W Hospitality Group, generally acknowledged as the most authoritative source on the sector’s growth.