Business

Nigeria’s GDP slowed in 2018 second quarter

Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, the National Bureau of Statistics, NBS, said on Monday. According to details of the Nigerian Gross Domestic Product Report (Q2 2018 ) released by the bureau on Monday, growth in Q2 2018 was –0.45 percent points slower than […]

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Buhari approves $1bn for arms purchase

President Muhammadu Buhari has approved the release of $1 billion to the Nigerian Defence authorities for the purchase of security equipment to enable boost the fight against insurgency and insecurity in the Country. This was made known by the Minister of Defence, Mansur Dan Ali, after a Security meeting which […]

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1,000 entrepreneurs win 2018 Elumelu Foundation grants

More than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme. The 2018 cohort includes an additional 250 entrepreneurs to the standard selection of 1,000 – thanks to a $1,000,000 partnership with the International Committee […]

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Manufacturers yet to settle N30bn electricity bills –DisCos

The electricity Distribution Companies (DisCos) have said that the Manufacturers Association of Nigeria (MAN) owes the Nigerian electricity market about N30 billion in unpaid electricity bills after a new tariff was implemented in 2015. The Chief Commercial Officer, Ibadan Electricity Distribution Company (IBEDC), Mr. Deolu Ijose, who stated this in […]

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