Globally recognised and respected research firm, Forbes Africa, has named Nigeria as the best economy in Africa. The firm made this known as it published a ranking of the ten biggest economies in Africa with Nigeria topping the list with $172 billion. Nigeria is closely followed by South Africa
BUSINESS
There are strong indications that the current Central Bank of Nigeria (CBN)-MTN Nigeria face-off may soon be resolved with the intervention of telecoms sector regulator, the Nigerian Communications Commission (NCC) resolve to broker peace between the two. The CBN has ordered the mobile giant to refund $8.1billion allegedly repatriated from the country. Besides, the
The Federal Airports Authority of Nigeria, has announced the reopening of Nnamdi Azikiwe International Airport, Abuja, following an incident involving a Gulfstream four aircraft being operated by Skybird on Wednesday night. A statement by Mrs Henrietta Yakubu, General Manager, Corporate Affairs, FAAN, on Thursday disclosed that the aircraft overshot the runway while
Vice President Yemi Osinbajo has called on world leaders to treat Illicit Financial Flows (IFF) the same way they treat drug trafficking, human trafficking and terrorism in order to tackle the problem that has been impeding development in Nigeria and Africa. Osinbajo, in addition, urged that proper sanctions be meted out to countries that have […]
Nigeria and a Chinese firm have signed a Memorandum of Understanding (MoU) on first-ever cotton value chain industry, worth two billion US dollars. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, unveiled the deal in Abuja where he said the agreement was signed with Shandong Ruyi International Fashion Industry. The minister explained that […]
The United States (U.S.) Ambassador to Nigeria, Mr Stuart Symington has attributed poor social infrastructure development in Nigeria to the weak system of tax collection in the Country. Symington made this known on Tuesday, while speaking at the 10th anniversary colloquium of the Nigerian Development Finance Forum, organised by Financial Nigeria Magazine in Abuja. He […]
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