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Microsoft gives fresh lead to why it diverted $30bn data centre to S’Africa

Microsoft SA

Additional ‘veiled’ reason on why Microsoft Corp. suddenly diverted its publicized $30 billion investments in new data centre from Nigeria to South Africa may have been revealed based on the ...

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Imo, Lagos, 5 others borrowed more than 50% of their annual statutory—FRC

DMO Oniha

Against the provisions of the guidelines of the Debt Management Office (DMO) on sub-national borrowing, 23 states lead by Imo and Lagos states, have borrowed more than 50 per cent ...

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Dangote plans five-year $4.6b investment in agriculture

Dangote 77

President of Dangote Group, Alhaji Aliko Dangote, has given an indication of fresh $4.6 billion dollars investment in Nigeria’s agricultural sector. The emerging investment scheme will run for five years. ...

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Why Lagos house agents’ charge hostile commission on clients

Gov Ambode

A Lagos lawyer, Mr. Kabir Akingbolu, has identified a lacuna in the prevailing Lagos Rent Edit enacted into law during the administration of former Governor Bola Tinubu. In a memo ...

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SON keys into ease of doing business, gives certification in 20 days

SON 55

As part of drive in keying into the trending ease of doing business in Nigeria driven by presidential executive orders, the Standards Organisation of Nigeria (SON) has reduced timelines for ...

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CBN changes narrative on cause of poor W’Bank ranking

CBN Godwin-Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has unveiled a key factor that is rarely mentioned when factors frustrating ease of doing business in Nigeria are ...

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Ogun joins Anambra, C’Rivers, Ebonyi to flood market with rice soon

Amosun

Chances of Nigeria achieving food sufficiency in rice may be earlier than expected following the quantum of investments embarked upon both by state governments and private investors in the last ...

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Dangote sees Nigeria, Africa as emerging global food basket

Dangote 77

Considering the clear federal government agro policy which has been embraced by every state and private sector investors since the emergence of President Muhammadu Buhari administration, leading industrialist and president ...

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EGRP leveraging on innovative tech to build knowledge economy—Udoma

Udoma-Udo-Udoma

The federal government has revealed that its new development drive anchored on Economic Recovery and Growth Programme (ERGP) will leverage Science, Technology, innovation to build knowledge based economy. Explaining the ...

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Nigeria offers both highest risks, returns on investment across Africa—Report

okechukwu-enelamah

Latest report released by UK-based Control Risks, in partnership with NKC Economics, on the “Africa Risk-Reward” index has shown that Nigeria is leading in both being the highest risks and ...

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