The call for emergency economic summit

  Late last year I made a call asking that we should declare a state of emergency on our economy. As I watched the oil prices plummet without restrain, income drop with such rapidity, the Naira depreciate against the dollar and other foreign currencies at rates never seen before, and as President Buhari (PMB) take…

Four SWFs make $100m commitment to NSIA real estate co-investment fund

  Four unnamed global Sovereign Wealth Funds (SWFs) have committed $100 million each into the Nigerian Sovereign Investment Authority (NSIA) proposed $1 billion Real Estate Co-Investment Fund which will invest in the re-development of Nigeria’s existing buildings and also plans new Greenfield opportunities in the real estate industry, according to Uche Orji, Managing Director, NSIA. […]

Dangote targets 10,000 jobs with rice growers scheme

  Dangote group has launched 8000 hectares of rice outgrowers scheme in Jigawa state -The scheme is expected to create direct jobs for 5000 farmers and 5000 indirect jobs for various dependents -The scheme is expected to be replicated in six states across Nigeria In line with government’s move to diversify the economy and ensure […]

Teelda Spa & Cosmetics: Face & Body Care Products

Teelda Spa & Cosmetics-TSC is an affiliate of Teelda House of Concepts; a body/skin care product-line for everyone (kids, youth and old both male and female). Our products are intended to complement all skin types; to repair, rejuvenate and give even tone flawless outlook without blemishes, giving you a more confident skin. Our products are a combination of highly tested healthy […]

Teelda Spa & Cosmetics: Face and Body Care Products

Teelda Spa & Cosmetics-TSC is an affiliate of Teelda House of Concepts; a body/skin care product-line for everyone (kids, youth and old both male and female). Our products are intended to complement all skin types; to repair, rejuvenate and give even tone flawless outlook without blemishes, giving you a more confident skin. Our products are a combination of highly tested healthy […]

Unity Bank: CBN Approves Non-executive Directors

The Central Bank of Nigeria (CBN) recently approved the appointment of additional non-executive directors, including one independent director, on the board of Unity Bank Plc. The new directors are Sam N. Okagbue, Yabawa Lawan Wabi, Dauda N. Iliya and Priya Heal. Sam N. Okagbue, who is an independent director, is a legal practitioner and the […]

Nigerian Economy To Remain Vulnerable To Shocks – FDC

  Despite recent measures adopted by the federal government to protect the economy from the adverse effects of the falling crude oil prices, a report has maintained that the Nigerian macroeconomic environment will continue to be vulnerable to exogenous shocks in 2015. It also predicted that the naira would fall to N200 to a dollar […]

Is Nigeria’s de-industrialisation imminent?

By Henry Boyo   The above title may seem out of place in the wake of the launch of “Nigeria’s Industrial Revolution Plan” by President Goodluck Jonathan in February this year. The NIRP is clearly a recognition of the embarrassingly modest contribution of manufacturing (less than seven per cent) to our Gross Domestic Product. Conversely, […]