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Monthly Archives: May 2017

Onovo picks holes in passed PIGB, says it’ll be very expensive to implement

Onovo M

Whereas many Nigerians have welcomed the very first segment of the Petroleum Industry Bill (PIB) which is called the Petroleum Industry Governance Bill (PIGB) being passed by the 8th Senate, Thursday last week, critical industry experts have started picking holes from the new law. It would be recalled that the tortuous journey of the emerging law at the National Assembly ...

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Dangote widens investment coast, plans to pump $1bn in rice farming

Dangote

Leading African indigenous conglomerate, Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country. Giving the hint during the closing ceremony of the 2017 Gateway Trade Fair, in Abeokuta, the Ogun State, a director of the Dangote Group, Mr. Tunde Mabogunje, revealed that “We have been contributing our quota ...

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Why M-Pesa mobile money scheme can’t work in Nigeria

M-Pesa

Just as M-Pesa, Kenya’s leading African mobile money platform driven by Safaricom has flagged off expansion spree across Africa and beyond, analysts in the sector has said that it will not enter Nigeria because of the prevailing legal framework governing mobile money. By structure, Nigerian government during the introductory time of the platform insisted that special purpose companies using infrastructure ...

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Fresh revelation on how to end smartphone addiction in 21 days emerges

Phone addiction

Research has shown that a lot of Nigerian smartphone users are addicted to their phones, some to their breaking point. Currently, several Nigerian parents are disturbed on how to break the jinks frustrating their children who are in schools even as several marriages had either been destroyed or on the verge of collapse due to wife’s or husband’s addiction to ...

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FG should forget plans to concession any airport between now and 2019—NAUTE

Amaechi Seriika

The leadership of the National Union of Air Transport Employees (NUATE) has made it clear before the Federal Government that its plan to hurriedly concession the four major airports in the country might not be feasible until 2019, saying the plan by the government to set up another national carrier would not work until it settled the N78 billion debt ...

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Yudala lists top 10 electronic gadgets needed in every home

Yudala outlet in Lagos

For new home owners, Yudala, Nigeria’s fastest growing composite e-commerce outfit has released lists of some essential items needed to make The top ten must-have devices for ideal home in modern world include the following; Electric Kettle: Making Eba (Garri)? In need of some hot water for a cup of tea? Looking to fast track boiling your rice? Or you ...

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Huawei phone joins Samsung GA7, explodes barely one month after purchase

huawei-explode

A report yet to be confirmed by leading smartphone manufacturer, Huawei has that one of its brands of smartphone caught fire has gone viral. An Instagram user took to the social media to narrate the experience with a Huawei phone that was purchased about a month ago. He said the phone suddenly kept its flashlight on and before that could ...

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Diaper, tissue investors, Hayat Kimya begins $100 million factory in Ogun State

Ogun Molfix

Indication has emerged that the key target of restricting forex access to 41 items from the Central Bank of Nigeria (CBN) window has started yielding fruits. This is coming on the heels of the recent inauguration of Hayat Kimya Global’s ultra-modern diaper and tissue factory at the Agbara Industrial Layout. Ogun State Governor, Senator Ibikunle Amosun who was at the ...

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AfDB Outlook on Africa sees 5 priorities Africa must focus to face future competitively

afdb

The Africa Development Bank (AfDB) Outlook Report for Africa has restimated that its High 5 priorities; consisting of Light up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa – would spearhead Africa’s economic diversification and growth in broad-based economic opportunities that will shield the continent from future commodity ...

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Don’t outsource strategic part of your business, Prof tells Ghanaian businessmen

ghana flag

Leading global scholar and Professor of Marketing and International Business, University of Winnipeg, Canada, Satyendra Singh, has called on business operators and company owners not to outsource the most important aspect of their operations. Speaking during a public lecture, in Accra on the topic; ‘How Business Intelligence and Outsourcing can Build New Product Development Capabilities for Firms in Emerging Markets’, ...

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