Nigeria: Latest News
Ann Brown, 12:00 pm
From Business Day With a population of over 160 million, Nigeria is no doubt a choice market for a shoe manufacturer. However, fierce competition from foreign-made shoes and several other challenges make the market a challenging terrain. But in spite of these, Edet Iniobong, after 25 years of manufacturing shoes and other leather works in […]
Dana Sanchez, 2:50 pm
The industries making people rich in Africa include resources, telecommunications and consumer industries, according to the Zurich-based UBS, the world’s biggest wealth manager.
Lossip Staff, 8:00 am
Despite global economic slowdown in recent years, sub-Saharan Africa is forecast to continue its momentous growth at a rate of 12 percent. Investors, like Ryan Shen-Hoover, are not surprised. Hoover currently runs the the blog Investing in Africa and works as an investment analyst for Africa Capital Group, an asset manager that helps U.S. investors add […]
Dana Sanchez, 3:02 pm
Nigeria-based Halogen Security, one of the largest private security companies in Nigeria and West Africa, has ordered 400 oil tanker monitoring devices from U.S.-based East Coast Diversified Corp., according to a Marketwired report at SecurityITBusiness. As a part of the agreement, Halogen will expand its security services into areas where the need exists for radio frequency identification (RFID), […]
Makula Dunbar, 5:40 pm
Created by the African Development Bank (AfDB), Nigeria’s infrastructure development strategy dubbed the National Integrated Infrastructure Master Plan (NIIMP) will be carried out over 30 years with six 5-year progress benchmarks. Three strategic 10-year plans will be the core of the project, The Nation reported.
Makula Dunbar, 2:14 pm
Nigeria lost out on $10.9 billion in potential oil revenues due to oil theft between 2009-2011, the chairman of the Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday.
Shishana Evans, 10:35 am
MAC, an Estee Lauder-owned company, recently opened a store in Lagos. Karen Buglisi, global brand president of MAC,said the store’s top-selling product is its $24 Ruby Woo lipstick.
Jeffrey Cavanaugh, 9:55 am
n the past two years, more oil has been discovered in East Africa than in any other place on Earth.
Dana Sanchez, 5:19 pm
Lender Ecobank Nigeria wants farmers to view agriculture as a business and borrow money to the tune of $310 million by 2014, according to a report in VenturesAfrica. The bank had introduced “concessionary interest rates” for agricultural financing, according to Abel Ajala, head of Ecobank agriculture and exports. The report did not say what those rates are. […]
Jeffrey Cavanaugh, 7:00 am
While most stories out Africa — that make it into the Western press — tend to paint a perpetually gloomy picture of a continent in turmoil, behind the scenes an economic revolution is taking place which promises to lift millions out poverty. So, which countries are Africa’s economic lions and what is behind their record of growth?
- Real Estate