Category Archives: Business News

Federal Government Restructures YouWin Programme

The Federal Government of Nigeria has restructured the Youth Enterprise with Innovation in Nigeria (YouWin) programme into a multimedia-based programme, rebranded YouWinConnect!. The new programme now has a sharper focus on supporting young entrepreneurs with fresh businesas management ideas for

Breaking DSTV’s monopoly on PayTv in Nigeria

A monopoly that many Nigerians have struggled to understand or entrepreneurs have battled to break is that of DSTV. It has, so far, defied nearly all competitions to dominate the PayTv industry in Nigeria. We can all recall how HiTV

Active Users In Nigeria’s Telecoms Industry Increase To 153.5m – NCC

The active users of telecommunications services in the country stand at 153.51 million in October, the Nigerian Communications Commission (NCC) has said. The telecommunications industry regulator made this known in its Monthly Subscriber/Operator Data, obtained by the News Agency of

Nigeria Urged To Reduce Funds For Debts Servicing

The Lagos Chamber of Commerce and Industry (LCCI) on Friday urged the Federal Government to reduce the funds being allocated to service the nation’s debts. Mr Muda Yusuf, the LCCI Director-General, told the News Agency of Nigeria (NAN) in Ota,

Application Opens for 3rd Tony Elumelu Foundation Entrepreneurship Programme

On January 1, 2017, The Tony Elumelu Foundation will begin accepting applications for the third round of the TEF Entrepreneurship Programme targeting to reach its 10-year, $100 million commitment to training, mentoring and funding 10,000 African entrepreneurs. The foundation says

Mavrodi, MMM Founder Writes FG; Lists Benefits

Ponzi scheme company (MMM) Founder, Sergey Mavrodi has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme. According to www.nan.ng the letter was displayed on the page of all participants of the

FG generates over N1bn revenue from mining lease commodities in Nigeria

Federal Government, last weekend disclosed it generated N1 billion from sale of mining leases through the Mining Cadastral Office, MCO, within last one year. Minister of State for Mines and Steel Development, Hon Abubakar Bwari, disclosed this while announcing government’s

Nigeria Produces 10.3bn Worth of Eggs Annually— PAN

POULTRY Association of Nigeria, PAN, has said that domestic eggs production has reached 10.3billion eggs per annum. National President of PAN, Dr. Ayoola Oduntan, disclosed this in Lagos, at a press conference to herald the annual poultry show and summit

NCAN Raises Alarm Over Encroachment of Foreigners into Cashew Farms In Nigeria

The National Cashew Association of Nigeria, NCAN, has raised alarm over the encroachment of foreigners into cashew farms across the country. Nigeria produces about 150,000 metric tonnes of cashew annually and is rated fourth largest producer of cashew nuts in

Nigeria Needs to Move beyond oil export, says Minister

Abuja – The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria will move beyond oil export and improve its economy. Kachikwu, who said this in the 2016 Nigerian National Petroleum Draft Policy, also clarified that the aim

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