Business Specials

NIPOST

Chamber of Commerce lists draconian NIPOST guidelines that must be removed

A courier operator must contribute to the postal fund, could be compelled to render free services and must not deliver certain items weighing below 0.5kg.

Nigeria oil firm, NNPC Headquarters, Abuja

How top Nigeria Officials fell victims to shadowy Mexican Oil syndicate

Ramirez and Salazar are accomplices now working through SAMANO SA DE CV, a shadowy company registered in Mexico as a marketing company.

electricity lines

Power Outage: How Nigeria’s electricity problem cripples small businesses

According to the World Bank, the economic cost of power shortage in Nigeria is estimated at around $29 billion.

UBA Global Headquarter [PHOTO CREDIT: United Bank for Africa Plc]

UBA announces global management appointments – six new country CEOs in Africa

UBA says the new CEOs will drive the Group’s strategy and activities in Mali, Uganda, Zambia, Senegal, Tanzania and Sierra Leone respectively

President Muhammadu Buhari receives the locally mined gold bars by the Presidential Artisanal Gold Mining Development Initiative.

How gold mining can enhance Nigeria’s economy

Experts say husbanding resources in the mining sector would create millions of jobs and diversify foreign exchange earnings

MALABU: Shell-and-Eni

MALABU SCANDAL: Italian Prosecutors want former Nigerian oil minister jailed for 10 years

The Malabu scandal involves the transfer of about $1.1 billion by oil multinationals, Shell and ENI, through the Nigerian government to accounts controlled by a former Nigerian oil minister, Dan Etete.

foodstuffs

Coronavirus: Four out of every ten households experienced food insecurity in June- Survey

Official survey reveals that the food security situation in Nigeria has substantially worsened since the start of the pandemic

AfDB appoints Algerian as Chief Economist and Vice President

Rabah Arezki, a citizen of Algeria, is currently the Chief Economist for Middle East and North Africa Region at the World Bank.

Access-Bank

Access Bank moves to acquire Zambian bank

In 2019, Access Bank acquired Diamond Bank Plc in a move that made it the largest bank by customer base in Nigeria.

Minister of State for Petroleum Resources, Timi Sylva

FG explains deregulation of oil downstream sector

Mr Sylva said it was unrealistic to continue to subsidise the Premium Motor Spirit (PMS) also known as petrol as it had no economic value.

African flags

African countries making headway in tackling tax evasion, money laundering – Report

The report provides comparable tax transparency statistics to aid decision-makers to address illicit fund flows.

A warning sign advising users to be aware of their surroundings while playing a video game. Stefan Heunis/AFP via Getty Images

Electronic banking fraud in Nigeria: how it’s done, and what can be done to stop it

This study provides the banking industry, banking public and investors with critical pointers on how to reduce fraud.

NNPC Towers

EXPLAINER: What it takes to get a Marginal Oil and Gas Field in Nigeria

Nigeria’s marginal fields licensing rounds have been the cornerstone of Nigeria’s upstream local content development strategy since the early 2000s and previous rounds gave birth to what are now strong local and regional African E&P companies.

Tony Elumelu [#TEFForum19]

Tony Elumelu: Building legacy of women empowerment for corporate leadership, management

Mr Elumelu is establishing a reputation as a modern-day chief executive who believes in the capacity of women to make a difference in leadership

African Development Bank President (AfDB), Akinwumi Adesina

African Development Bank debars Nigerian firm for fraudulent practices

The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.

Managing Director/CEO, MATRIX Group,, Adisa Aliu

INTERVIEW: Why unmonitored borders, fuel subsidy are harmful to Nigerian economy — Matrix Group CEO

“…Subsidy is not good for us. Subsidy is harmful to our economy. Subsidy creates arbitrage. If it is possible, government should avoid fuel subsidy…”

Chief Operating Officer (Upstream), Bello Rabiu

$62bn Controversy: Why Nigeria could not amend contracts with IOCs — NNPC COO

The Chief Operating Officer (Upstream), Bello Rabiu, explains why it has been difficult for the government to renegotiate the fiscal terms and amend the PSC with the IOCs

Heineken in Africa (Photo Credit: Hurst Publishers)

INTERVIEW: Why I investigated Heineken’s activities in Nigeria, other African countries – Dutch journalist

Olivier van Beemen is also the co-author of an investigative piece on the activities of the former Dutch head of Nigerian Breweries, a subsidiary of Heineken.

A former Secretary to the Government of the Federation and ex-Minister of Finance, Olu Falae

INTERVIEW: Why SAP was essential for Nigeria’s economy – Olu Falae

“Shagari created the problem. When Buhari came as military head of state, he slowed down the rate of importation, but continued the issuance of import licenses,” Mr Falae says.

How small-holder farmers can attract funding – Business Heads

The business leads say groups and cooperatives are important structures if small-holder farmers want to be attractive for funding.

Executive Secretary, Nigerian Content Development Monitoring Board, Simbi Wabote

Why it’s difficult to enforce local content laws — Board Secretary

Mr Wabote says Nigeria continues to provide leadership and guidance to other African nations that want to understudy its content law implementation.

Executive Secretary, Pension Transitional Arrangement Directorate, PTAD, Barr. Sharon Ikeazor [Photo: icpc.gov.ng]

INTERVIEW: Payment of 33% arrears to over 180 agencies uncompleted — Ex-PTAD Boss

Sharon Ikeazor, who is now a minister, says she transformed the pension agency but work remains to be done.

Henrich Akomolafe is one of the 28 Nigerian global influencers

INTERVIEW: I was rejected by Nasarawa University – Young Nigerian businessman recognised by Forbes

Henrich Akomalafe says he wants to be on Forbes billionaire list.

Titilope Adeyemo, Managing Consultant, Geocardinal Engineering Services Limited

Why Nigerian indigenous miners are not succeeding – Operator

”The solid minerals sector is facing the challenge of the dearth of capacity. The government must enhance the capacity of those operating in the sector …”

Olukayode Pitan, Managing Director of Nigeria’s oldest, largest and the most successful Development Finance Institution, the Bank of Industry

Nigeria’s BOI: What next after N1 trillion asset base

“For the first time in the history of the bank, we surpassed N1 trillion in asset base.”