Category Archives: Business News

Dangote Tomato Coy To Resume Production In February, Says MD

The Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State will resume production next month. The company, which began production in February 2016, had to suspend operation due to lack of enough raw materials. The managing

Water Borehole Drillers In Nigeria Set To Hike Cost

The Association of Water Drillers and Rig Owners Practitioners (AWDROP) has warned that costs of drilling borehole will go up due to high exchange rate used for procuring drilling equipment and other materials. It has therefore strengthened its task force

New e-Payment Pricing Policy Coming – CBN

The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and will be implementing a new pricing regime on electronic transactions by the second quarter of this year. MSC is a fee paid by merchants for e-transactions

2017: Year of results on Ease of Doing Business in Nigeria— Industry Minister

MAKING his debut at the Nigerian Entrepreneurship: Summit & Honours (NESH) public interactive session, The Hon. Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, has indicated that come next year, the focus would be on results not policies, especially

Nigerian Army to set up cattle ranches nationwide

The Chief of Army Staff, Lieutenant General Tukur Buratai has said that the Nigerian Army would be raising up cattle ranches in such a manner that in almost all the divisions, and all the brigades, cattle will be reared. Buratai

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

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