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Category: Business

Business News

Good News: Oil price rises towards $59

National Ambassador.October 18, 2017 crude oilOil prices

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent…

View More Good News: Oil price rises towards $59
Business News

AfDB to create 10,000 agric entrepreneurs

National Ambassador.October 17, 2017 AfDBagric entrepreneurs

The African Development Bank (AfDB) is to make agriculture a profitable business as well as create 10,000 young agricultural entrepreneurs per country in the next…

View More AfDB to create 10,000 agric entrepreneurs
Business News

Nigerians must pay tax to solve problem of borrowing– Adeosun

National Ambassador.October 16, 2017 AdeosunBorrowingTax

The Minister of Finance, Mrs Kemi Adeosun has said the nation needs to generate more revenue through the payment of tax by Nigerians in order…

View More Nigerians must pay tax to solve problem of borrowing– Adeosun
Business News

Dagote’s Africa biggest refinery takes shape

National Ambassador.October 15, 2017 DongoteRefinery

The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as it holds the prospect of stopping…

View More Dagote’s Africa biggest refinery takes shape
Business News

Osinbajo, Elemelu, Dangote others harp business growth in Africa

National Ambassador.October 15, 2017 Aliko DangoteTony ElumeluYemi Osibanjo

Vice President, Prof. Yemi Osinbajo, Africa’s richest man, Aliko Dangote, and founder, Tony Elumelu Foundation, Tony Elumelu, were among prominent Africans that yesterday, unanimously agreed…

View More Osinbajo, Elemelu, Dangote others harp business growth in Africa
Business News

Nigeria’s .ng domain name hits 100,000

National Ambassador.October 13, 2017 NiRA. Domain.ng

The adoption and use of the Country Code Top Level Domain name (ccTLD), Nigeria’s .ng, is on the upward swing, as the figure hits 100,…

View More Nigeria’s .ng domain name hits 100,000
Business News

Nigeria committed to poverty reduction

National Ambassador.October 13, 2017 N-PowerPoverty reduction

Nigeria has introduced measures to shore-up employment in order to eradicate poverty and transform the nation’s economy. Mr Arnold Jackson, Assistant Director, Nigerian Export Promotion…

View More Nigeria committed to poverty reduction
Business News

Sell out if you can’t run the business: Osibanjo charhges DISCOS

National Ambassador.October 11, 2017 DISCOsYemi Osibanjo< NESG

Vice President, Prof. Yomi Osinbajo has told the electricity distribution companies (DISCOs) to invest and run their businesses profitable or sell to those who can,…

View More Sell out if you can’t run the business: Osibanjo charhges DISCOS
Business News Society

Kachikwu, Baru discuss better ways in petroleum industry

National Ambassador.October 10, 2017 BaruKachikwuNNPC

The Minister of State for Petroleum Resources, Mr. Ibe Kachikwu and the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Maikanti Baru,…

View More Kachikwu, Baru discuss better ways in petroleum industry
Business Foreign News

Deadly wildfires sweep through wine country in Califonia

National Ambassador.October 10, 2017 CalifoniaWine country

Parts of California’s wine region are being ravaged by fast-spreading fires that have killed at least 10 people. A state of emergency was declared in…

View More Deadly wildfires sweep through wine country in Califonia
Business News

Nigeria an investor’s haven, says Osinbajo

National Ambassador.October 10, 2017 InvestmentYemi Osibanjo

Nigerian Vice President Yemi Osinbajo says that Nigeria is an investors’ haven as the Buhari Presidency is making frantic efforts to enable the private sector…

View More Nigeria an investor’s haven, says Osinbajo
Business News

CBN, stakeholders reiterate sustainable development via agric

National Ambassador.October 9, 2017 AgricCentral Bank of Nigeria

The Central Bank of Nigeria (CBN) and stakeholders in the renewed drive for economic diversification through agriculture have reiterated that agriculture presents the major opportunity…

View More CBN, stakeholders reiterate sustainable development via agric
Business News

Electric cars key to driving change in UK’s energy industry

National Ambassador.October 8, 2017 electric carUK energy

You drive home and plug in your electric car, telling an app how many miles you need the next day. As you eat dinner, relax…

View More Electric cars key to driving change in UK’s energy industry
Business News

Osinbajo off to London for FT’s Africa Summit

National Ambassador.October 7, 2017 Africa SummitOsibanjo

Vice President Yemi Osinbajo will deliver the keynote address at this year’s Africa Summit, with the theme “What Makes Africa Work, ” taking place in…

View More Osinbajo off to London for FT’s Africa Summit
Business News

Take stringent measures on penalties:Capital market shareholders task SEC, NSE

National Ambassador.October 7, 2017 Capital marketNSE

Capital market shareholders on Saturday called on the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to review the penalties imposed on…

View More Take stringent measures on penalties:Capital market shareholders task SEC, NSE
Business News

Nigeria’s ‘poor quality’ yam rejected by US

National Ambassador.October 6, 2017 Audu OgbehUSYam

Audu Ogbeh, minister of agriculture, says the US rejected yam exports from Nigeria because of their poor quality. In June, Nigeria exported yams to China,…

View More Nigeria’s ‘poor quality’ yam rejected by US
Business News

N26bn contribution to Agric SMEs soon

National Ambassador.October 6, 2017 AgricSMEs

The Bankers Committee says commercial banks will start the disbursement of the N26 billion equity contribution to Small and Medium Enterprise (SMEs) in agriculture by…

View More N26bn contribution to Agric SMEs soon
Business News Politics

‘2017 budget to be rolled over into 2018’

National Ambassador.October 4, 2017 2018 BudgetKemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has revealed Federal Government’s plan to roll over at least 60 per cent of 2017 capital2018 projects to…

View More ‘2017 budget to be rolled over into 2018’
Business News

NLNG floors NIMASA over levies

National Ambassador.October 4, 2017 NIMASANLNG

A Federal High Court in Lagos on Tuesday held that Nigeria Liquified Natural Gas Ltd (NLNG) was right in refusing to pay levies demanded by…

View More NLNG floors NIMASA over levies
Business News

23 ships to arrive Lagos ports oct 3 — NPA

National Ambassador.October 3, 2017 23 shipsNPA

A total of 23 ships laden with petroleum products, foods and other goods are to arrive in Apapa and Tin-Can Island ports in Lagos from…

View More 23 ships to arrive Lagos ports oct 3 — NPA
Business News

‘How to improve Nigeria’s debt capital market’

National Ambassador.October 3, 2017 FMDQ OTC Securities ExchangeNigerian Stock Exchange

Participants at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos, at the weekend, have urged…

View More ‘How to improve Nigeria’s debt capital market’
Business News

AfDB to promote remittances in Africa

National Ambassador.October 2, 2017 AfricaAfrica Development Bankremittances

Africa Development Bank (AfDB) would promote remittances into Africa from its Diaspora community to boost the region’s economic growth, Gabriel Negatu, the bank’s Director General…

View More AfDB to promote remittances in Africa
Business News

ACP fund will ensure Africa’s independence – Osinbajo

National Ambassador.September 28, 2017 ACPCaribbeanIndependenceOsibanjo

Vice President, Prof. Yemi Osinbajo has described the establishment of an endowment fund for Africa, Caribbean and the Pacific (ACP) as timely. Osinbajo spoke while receiving…

View More ACP fund will ensure Africa’s independence – Osinbajo
Business News

Naira goes for N364/$ as MPC holds rate

National Ambassador.September 26, 2017 dollarNaira

The Naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC) meeting of the CBN holds…

View More Naira goes for N364/$ as MPC holds rate

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