Category Archives: Business

Drama As Obasanjo Rejects Front Row Seat at Afreximbank Abuja Meeting – Photo

Ex-President Olusegun Obasanjo caused a stir today at the Afreximbank Abuja meeting after he rejected a move to seat at the front row. Obasanjo finally takes front row seat after much pleading.

Former President Olusegun Obasanjo caused a stir at the on-going African Export and Import Bank (Afreximbank) Annual Meeting in Abuja, when he chose to sit among the participants instead of occupying a front row seat reserved for him at the Congress Hall of Transcorp Hilton.

Nigeria to Earn N3.63 Billion From Domestic Tourism By End of 2018, Hospitality Report Says

Lagos, Nigeria; 11 July 2018: In what seems like a bright prospect for domestic tourism in Nigeria, the sector is expected to contribute N3.63 billion to the country’s GDP by the end of 2018. The number of international arrivals in the country and employment generated by the sector is expected to grow by 1.5% and 3.4% respectively by end of the year, that is 1.8 million international arrivals and 3.4 million jobs.

Omolara Adagunodo, managing director of Jumia Travel Nigeria stated this while overviewing the content of the 2018 Nigeria hospitality report at a press conference in Lagos.

Dangote Refinery to Supply Petroleum Products to Ghana

A company based in Ghana, Bulk Oil Distributors, has said it plans to patronise the Dangote Oil Refinery expected to begin operations in 2019.

The oil buyers said arrangements have been put in place to import petroleum products from the world’s largest single-train refinery situated in Lekki, Lagos State,Nigeria.

NAFDAC To Hold Urgent Forum On Mobile Authentication Service

The National Agency for Food, Drug Administration and Control (NAFDAC) says it will hold an urgent stakeholders forum to present the Mobile Authentication Service (MAS) Guidelines to the public in line with a directive from the House of Representatives.

The Director-General of NAFDAC, Prof. Mojisola Adeyeye, made this known in a statement she personally signed in Abuja Nigeria on Friday.

The Trick that Turned Seven Bags of Cocoa into 25

Digital technology is helping to transform the lives – and profits – of farmers. From apps to the blockchain technology behind bitcoin, farmers and smallholders are discovering new ways of doing business.

Take Muhammed Adams, a cocoa farmer from Sefwi Madina in the remote western region of Ghana, who has been growing cocoa in the same way for 25 years.
Over the last couple of years, however, the Olam Farmer Information System (OFIS) run by commodities giant Olam, has helped him more than triple output – and reduce reliance on pesticides.

Dangote Refinery Sets 2020 for Petrol, fertilizer Export Begins this year

The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the groups executive director told Bloomberg.

The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar said in the interview,

How One 26-Year-Old Turned $500 Into $2 Million Online

What started with a compliment turned one young woman’s idea into a million dollar business.

When Kelechi Anyadiegwu started her online African clothing store Zuvaa with $500 two years ago, her idea was to share African-inspired designs with consumers around the world. Zuvaa is estimated to make $2 million in sales in 2016.

Volkswagen Awaits Automotive Law to Produce 2million Cars in Nigeria — MD

Mr Thomas Schaefer, the Chairman and Managing Director of Volkswagen, says the company is ready to produce two million made in Nigeria cars as soon as President Muhammadu Buhari gives assent to the automotive industry bill into law.