Category Archives: Nigeria News

Nigeria News

Promoting African Culture Through Clothes and Fabrics

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In modern times, African culture is being displayed in many material forms and to that, we are gradually expanding our reach on the global market. In recent decades, it is of no surprise to see folks in Europe or the United States wearing clothing manufactured from African print materials or clothing with African symbols inscribed in it. The use of beads as chains, bracelets, etc is no longer a thing of Ghana, Nigeria, Senegal, or any of the sub Saharan countries but could be found in many parts of the world.

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African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018

New research released by global travel technology provider, Sabre Corporation, has revealed that African air travel spend is expected to rise 24% with the introduction of the pan-African passport in 2018. The new passport will enable African travellers to visit other countries on the continent without a visa.

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Spotlight on regional achievements as West African Power Industry Awards finalists are announced

Industry pioneers and projects recognised and celebrated

Genesis Energy, Aggreko, GRIDCo, Eko Disco and several innovative renewable projects are just some of the who’s who in the region’s energy industry who have made the coveted list of finalists for the upcoming West African Power Industry Awards.

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Nigeria’s Strong Presentation at ITU bodes well for Future Telecoms Investment in Nigeria

Nigeria’s government and private sectors have made a pitch to foreign investors at the 2016 International Telecommunication Union conference, Telecoms World, where they presented the country’s developments in Information and Communication Technology (ICT) opportunities for future investment.

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The employment relationship and how it is affected by business transfers in countries across Africa

The Employment & Benefits team at pan-African law firm, Bowmans, has put together a Guide covering the employment consequences in business transfers in Botswana, Cameroon, Kenya, Madagascar, Nigeria, Senegal, South Africa, Uganda, Tanzania and Zambia. The Guide outlines the laws in each jurisdiction that regulate the employment consequences of business transfers and provides useful insight for those planning to buy or sell a business, or out- or in-source a service, in those countries.

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Nigerian and Angola economies suffer as oil prices fall

By HUMPHREY NKONDE

Nigeria and Angola, Africa’s oil producers, are facing economic difficulties mainly due to depressed prices of the liquid commodity on the international market.

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SWIFT’s messaging traffic grows by 15.8% in West Africa

Figures released at the SWIFT Business Forum West Africa show that the region has outperformed the total growth of SWIFT globally

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UBA makes a profit of N 62 billion in 9 months

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.

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Time is running out for Nigerian Companies to get their Tax Houses in Order

Magnus Nmonwu, Regional Director for Sage in West Africa

Magnus Nmonwu, Regional Director for Sage in West Africa

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

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The Economist’s Nigeria Summit Shifts Focus on the Future of Nigeria’s Economy

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

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Battling the recession through the Stimulus Package

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.

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African Firms Adopt IBM Cloud to Fuel Innovation

(Left to Right) Tejas Mehta, General Manager, IBM Central and West Africa; Dr. Vincent Olatunji, Acting DG, NITDA: Dipo Faulkner, Country General Manager, IBM Nigeria; Otunba Bimbola Ashiru, Honourable Commissioner of Commerce & Industry, Ogun State at the IBM Business Connect 2016 Conference in Lagos.

(Left to Right) Tejas Mehta, General Manager, IBM Central and West Africa; Dr. Vincent Olatunji, Acting DG, NITDA: Dipo Faulkner, Country General Manager, IBM Nigeria; Otunba Bimbola Ashiru, Honourable Commissioner of Commerce & Industry, Ogun State at the IBM Business Connect 2016 Conference in Lagos.

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

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Africa: More Oil Refineries Needed to Satisfy Local Oil Production

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.

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Power Africa Announces More Than $1 Billion in New Commitments at the US-Africa Business Forum

Three years after the launch of Power Africa, the United States is on track to fulfill its initial $7 billion commitment over five years

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Nigerian Government Support can help Small Businesses thrive in Recessionary Times

Magnus Nmonwu, Regional Director Sage West Africa

Magnus Nmonwu, Regional Director Sage West Africa

Small & Medium Businesses in Nigeria face challenging times, even as the economy slides

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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

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GE reinforces Commitment to Africa at 2016 U.S.-Africa Business Forum

Construction is booming in Angola’s capital Luanda. The city is already home to more than 6 million people. (Photo: Arne Hoel)

Construction is booming in Angola’s capital Luanda. The city is already home to more than 6 million people. (Photo: Arne Hoel)

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

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