Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria.
NSE Unveils Composition of New Market Indices July 1
The Nigerian Stock Exchange (NSE) will unveil the composition of new market indices on Wednesday, July 1, 2015.
This follows the results of the bi-annual review for The NSE 30 and the five sectoral indices of The Exchange – The NSE Banking, The NSE Consumer Goods, The NSE Oil & Gas, The NSE Industrial and The NSE Insurance.
Breaking News: Etisalat Now Open for Foreign Investment
Foreigners can now investment in Etisalat as the UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country’s largest telco, Etisalat.
The Rise of $1bn e-Commerce Industry in Nigeria
According to Euromonitor International data, Nigeria boasts the largest online market for apparel and footwear in Africa, which is expected to grow from US$104 million in 2014 to $1billion in 2019.
Banks, Telcos Disagreement Hindering Mobile Money Services
The inability of banks and telecom operators to agree on modalities for mobile money operations is hindering the potential of such transactions in Nigeria, compared to the acclaimed success of M-pesa in Kenya.
FEMONOMICS & WENOMOMICS: Why Women are Driving Rethinking of the Sales Model (1)
When you recognise that women are not just the majority but actually the vast majority of consumers, and that their power is only going to increase, it completely changes the commercial urgency of getting to grips with women buyers.
World Bank Report: Banks Provided $28bn in Climate Finance in 2014
The leaders of the powerful G7 countries made headlines in June when they committed to a low-carbon growth path and formally recognized the need to reach zero net emissions globally before the end of the century.
Ecobank Supports Women Entrepreneurs, Partners WOWe Festival
In line with its corporate disposition to sustainable women empowerment, Ecobank Nigeria is partnering Women’s Entrepreneurship Day (WED) on the hosting of the 2015 Women of West Africa Entrepreneurship (WOWe) Festival.
Broadband-N400bn GDP Growth Dividend for Nigeria
Nigeria is set to reap Gross Domestic Product (GDP) growth dividend of over N400 billion via Broadband by 2018 if the various stakeholders in the ICT industry get their acts together.
3 Congratulations to 3 Men of History
It’s a season of divine victories for Nigeria! A victorious season that began with peaceful conduct of presidential election on Saturday, March 28, 2015 and equally peaceful handover of political power to another political party at the centre.
Arthur Andersen: Fall From Grace-A Sad Tale of Greed!
At “Andersen U.,” the lush, 150-acre campus where Arthur Andersen LLP has trained tens of thousands of new recruits, there’s a shrinento ethical accounting.
Non-payment of Salaries: Matters Arising
At first, it was a rumour. Then, the rumor became stronger. And then, the rumour became political allegation that the federal and state governments could no longer pay salaries because public funds were deployed by the two major political parties to prosecute the 2015 general elections.
Why Investors Should Not Ignore Opportunities in Fragile States
Africa is experiencing fewer wars than it did two decades ago but conflict, insecurity and the fragility of states is still a major concern for business.
Politically motivated instability can be seen in countries like Burundi, South Sudan, Mali, eastern DRC, Libya and Somalia, while Nigeria and Kenya are dealing with terrorist activities. But American entrepreneur Jake Cusack believes there are “genuine economic opportunities” in these fragile markets.
Sub-saharan Africa, Most Expensive Region for Remittance
Sub-saharan Africa is the most expensive region for sending money inform of remittance from other parts of the world, according to the latest report by the World Bank Group. The report listed South Asia as the least expensive.
Nigerian, Shola Taylor Appointed Secretary-General of CTO
A Nigerian, Shola Taylor has been appointed secretary-general of the Commonwealth Telecommunications Organisation (CTO), an international treaty organisation headquartered in London. Mr Taylor is expected to start in this new role on 17 September this year.