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Category Archives: Business News

Bank Of Industry Disburses N75.8m To Off-grid Solar Home System Providers

The Bank of Industry (BoI) on Friday disbursed N75.8 million to GVE Projects Ltd,, and Arnergy Solar Ltd. to provide solar home systems to off-grid communities in six states.

The states for the pilot phase for the take-off are, Anambra, Delta, Niger, Osun, Kaduna and Gombe.

The Managing Director, BoI, Mr Rasheed Olaoluwa, while presenting cheques to the recipients, said the project was being implemented by the bank in collaboration with the United Nations Development Programme (UNDP).

Olaoluwa said that UNDP which has 50 per cent stake in the project had contributed $1.6 billion.

Nigeria Billionaire Politicians, Get Ready To Sell Your Private Jets

Public officers and politicians have been warned to get rid of their private jets as President Muhammadu Buhari had begun blocking financial leakages in the country’s economy.

Governor Adams Oshiomhole made this known at a public lecture titled “Labour and the Nigerian Economy: What needs to be done”, held at the University of Port Harcourt.

We May End Up Buying One Dollar with N500 – Dangote Warns

Media men had a piece of Aliko Dangote last weekend. And when they were done many appreciated why he is one of the richest in the world.

In an interactive session with senior editors Dangote discussed state of the nation while explaining some details in his businesses that are geared towards a better life for Nigerians. His tremendous knowledge in many areas awed the audience.

World Bank approves $200m loan for Lagos reforms

The World Bank group has approved $200m credit to Lagos State to support a range of reforms in regards to fiscal sustainability, budget planning, budget execution and the investment climate in the state.

A statement issued by World bank on Wednesday said the facility would help sustain the state’s recent economic growth and poverty reduction, while delivering social services to the expanding population.

Saudi Arabian Prince Pledges His $32 Billion Fortune to Charity

The nephew of the late King Abdullah, Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has been so successful in business that he is sometimes referred to as the Arabian Warren Buffett, after the US billionaire.

Alwaleed who made billions investing in American, European and Middle Eastern companies is donating his $32 billion fortune to philanthropy, according to a statement released Wednesday.

Gloo.ng Launches VIP Shopping Club

Nigeria’s 21st Century Supermarket, Gloo.ng has just launched a shopping club off its retail website. Shoppers can now buy products at specially discounted prices from the Gloo.ng retail website at massive discounts once they become members of the Gloo VIP Program.

Gloo.ng is launching this VIP membership programto make good her promise to continue to provide you Low Prices, Convenience and Unparalleled Service when it comes to keeping you, your family and your home comfortable, happy and healthy. GlooVIP is guaranteed to shave two (2) FULL month’s cost off your annual home-keeping expenses.

Man suffers Burns to His face after his Cell Phone Explodes

Man suffers Burns to His face after his Cell Phone Explodes.

The rate at which mobile phones and chargers are exploding in people’s faces is a cause for concern…

Bhavesh Thummer, a professional diamond polisher, was left with burns to his face and chest, after his mobile phone blew up in his face when he tried making a quick phone call.Mr Thummer’s left eye and ear were burnt in the incident, leaving him wearing a heavy bandage across the whole of his left eye.

I Have No House Anywhere Outside Nigeria – DANGOTE

It’s people who are broke that are moved by money and they always want to spent to show off. If you are a truly wealthy man, at heart or in your bank accounts, you will just see yourself living a simple life.

Africa’s richest man and foremost business mogul, Alhaji Aliko Dangote, has disclosed that despite his huge wealth, he has no residential property outside his fatherland, Nigeria.

See Billionaire Who Makes N658b in 1 Day, Equivalent to Debt of All Nigerian States

The 36 states of Nigeria have an estimated total debt, including unpaid salaries, of N658 billion, which is about $3.3 billion. The figure is apparently a huge burden to a country like Nigeria, weighed down by revenue shortfalls, under-develpment and leakages.

But to Spanish billionaire, Amancio Ortega, Europe’s richest man and second richest man in the world, it is all in a day’s job, or rather, just part of the day’s takings.

Checkout Abuja Lady Painter Who Fears No Height

ABUJA – The saying that ‘what a man can do a woman can do better,’ is sure not fiction.

The maxim is actually holding sway for a woman, who has plunged herself deeply into a man’s profession and she is not looking back and not doing badly at all. That can be said to be the driving force behind the story of Anih Blessing John, a female painter based in Abuja, striving to make a name for herself in a profession dominated by men.