Category Archives: Business News

2019 Volkswagen Jetta Revealed – Photos And Details

Without a doubt – the Volkswagen Jetta is one of the world’s most successful vehicles.

First released in 1979, the VW Jetta has sold more than 17 million units worldwide.

Linda Ikeji floats N400m TV channel

After eleven years of ruling the blogosphere as Africa’s number one, 37-year-old and still singlebillionaire blogger, Linda Ikeji, is set to take over the TV space with the launch of an entertainment and lifestyle channel on DSTV and online.

Linda Ikeji, who made her fortunes from blogging, is currently putting lots of cable channel owners in fear as contents to be aired on her channel have already ignited anticipatory excitement across Africa.

The Gridlock Hurting Business at Apapa, Nigeria’s Busiest Port

Even okadas, the motorcycle-taxis that buzz fearlessly around Nigeria’s commercial capital, Lagos, struggle to negotiate the road to Apapa — the country’s busiest seaport.

Riders pick their way gingerly around giant potholes that resemble blast craters, and among the lines of stationary trucks perched at precarious angles on the rutted surface.

Ukraine, Abuja Chamber Of Commerce Partner On Trade

The Ukrainian Embassy in Nigeria has entered into a partnership with the Abuja Chamber of Commerce and Industry (ACCI) with a view to boosting trade.

President of the ACCI, Prince Adetokunbo Kayode, who presided over the meeting where the deal was sealed, stressed that the Chamber is interested in mobilising its members, stakeholders, concerned authorities and resources for the success of the forthcoming trade mission by Ukrainian investors and business communities.

Kayode also felicitated with India on its 70th independent anniversary and 60 years of economic relations with Nigeria.

Dangote Cement, Unilever, others lift NSE indices by N59 billion

Following price gains recorded by major highly capitalised stocks, especially Dangote Cement and Unilever, transactions on the trading floor of the Nigerian Stock Exchange closed in an upbeat yesterday, causing market capitalisation to inch up by N59billion.

Specifically, at the close of transactions yesterday, the All-share index rose by 116.53 points or 0.3 per cent from 44,343.65 recorded on Wednesday to 44,460.18, while market capitalisation increased by N59billion or 0.4 per cent from N15.895trillion to N15.954trillion.

International Breweries topped the losers’ chart with 2.90 kobo to close at N57.95 per share, while UACN followed with 0.7 kobo to close at N17.00 per share. WAPCO depreciated by 0.45 kobo to close at N54.50 per share.

Nigeria May Lose N500 billion yearly to New Cargo Policy

The Federal Government’s new policy on cargo palletisation could rob the economy of over N500 billion yearly and send importers to the ports of neighbouring countries.Palletisation is a method of storing and transporting goods stacked on a pallet and shipped as a unit load. It permits standardised ways of handling loads with equipment like forklift trucks.

The Minister of Finance, Kemi Adeosun, had said the new import-export policy, which began on January 1, would aid manual examination of consignment, “while the country awaits the acquisition and installation of functional scanners at the seaports and land borders.”Importers and other stakeholders, however, expressed dissatisfaction with the move, saying it would result in higher costs.

Video : Control your Jealousy, we have Been Flying Jet before you went to School – Bishop Oyedepo

One of the richest pastors in the World, Nigeria’s Bishop Oyedepo has replied Nigerians who are attacking pastors who own private jets.

Recall Forbes released a list of Top 10 Richest Pastor in the World, and Oyedepo made the Number 1 spot!

Cristiano Ronaldo Set To Open Hotel In 3 New Countries

World footballer of the year Cristiano Ronaldo is expanding his ‘CR7’ hotel portfolio by opening new franchises in New York, Madrid and Marrakech, his associate said today.

Real Madrid star Ronaldo has already opened CR7 hotels, alongside Portuguese hotel group Pestana, in Lisbon and Funchal in his homeland.