Recession forces hotel occupancy to 10 year low, ebbs below 40%
Operators of the nation’s hospitality sector have opened up on the impacts of recession on their business. Checks by our correspondent across mega hotels in Lagos, Abuja and Port Harcourt showed serious drop in overnight patronage in the last seven…
Provide forex, power, roads and ease of credit facilities, leave tax, MAN tells FG
Barely less than two days the Federal Government said in a bid to ease the burden of the current economic recession on the manufacturing sector, it is planning some form of tax relief for manufacturers, a Lagos based manufacturer, Chief…
S/Africa, Nigeria lead in Africa’s loss of $862.6b to illicit outflows in 9 years
A chilling report has emerged revealing how two leading economies in Africa, South Africa and Nigeria lead the continent in losing $862.6bn to cooked invoicing and leakages in the balance of payment with the active connivance of greedy political class…
Experts welcome FG’s move to review 10 year tourism master plan
Many Nigerians have reacted to the recent inauguration of a Technical Committee for the Review of the nation’s Tourism Master Plan by the federal government, saying though belated, it will grow the sector and remove some of the observed bottlenecks…
AfDB approves €50m startups investment package for Nigeria, others
To help the efforts of the African governments in diversifying their economies, the board of directors of the African Development Bank (AfDB), has approved a €50-million package of investments in various ventures, seed, accelerator and incubator funds. The aim of…
Sterling SPV bond valued at N7.96bn berths
After painstaking preparations for takeoff, the Sterling Investment Management SPV Plc’s N7.965bn Series 1 bond has landed on the FMDQ OTC Securities Exchange platform. The deal is coming on a seven-year 16.50 per cent fixed rate unsecured bond, under a…
NATCOMS gives new board of NCC 6-point agenda
The leadership of the National Association of Telecoms Subscribers’ (NATCOMS) has handed down a draft 6-Point agenda to the newly inaugurated board of the Nigerian Communications Commission (NCC) led by Senator Olabiyi Durojaiye. The agenda, anchored on subscribers’ pains and…
iSON BPO unveils Abeokuta call centre, deepens outsourcing practice
Africa’s leading IT and ITeS company, iSON has further expanded its footprints in Nigeria with the commissioning of its latest State-of-Art Call Centre in Abeokuta, Ogun State. The deal is part of its efforts to train youths to better manage…
Ayade, Huawei ink MoU to drive Calabar Smart City scheme
Apart from having presented the 2017 budget proposal to the State House of Assembly, the Cross River State Governor, Prof. Ben Ayade has signed a Memorandum of Understanding (MoU) with technology giant, Huawei to completely digitalise the state with 3G…
