Healthy competition grows businesses – CPC

Director-General, Consumer Protection Council (CPC), Babatunde Irukera By Lucy Nwachukwu Mr Babatunde Irukera, the Director -General, Consumer Protection Council (CPC), said a good competition regime would aid the growth of businesses in the country. Irukera said this at the 2018 World Competition Day organised by the Centre for Trade and Business Environment Advocacy (CTBA) and the Abuja Chamber […]

Economist predicts doom for Africa

John Collier (2nd from left), other economists at Africa economic conference in Kigali Professor Paul Collier, one of the world’s most influential development economists, has warned that Africa’s “easy decade” of accelerated economic growth is coming to an end. He said that the only accelerated job creation and integration will ensure sustainable growth and development […]

Alibaba makes record $10b online sale in one hour

Alibaba records $10b sale in one hour Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight. Singles’ Day, also called “Double 11” is the world’s biggest online sales event, outstripping the […]

First bank launches WhatsApp banking

First Bank launches chat banking on WhatsApp By Funmilola Gboteku First Bank of Nig. Plc on Friday launched a WhatsApp application to make banking more convenient for its 12.5 million customers. The FirstBank Chat Banking on WhatsApp was launched at the bank’s Digital Lab, Yaba, Lagos. The bank’s Managing Director, Dr Adesola Adeduntan, said at […]

BMW i provides mobility solution to The Ocean Cleanup

RIJSWIJK/MUNICH — Since 2013, Boyan Slat has been working on his dream to rid the Pacific Ocean of the large amounts of waste plastic floating around. During that time, the 24-year-old Dutch TU Delft student has become world famous with his initiative The Ocean Cleanup that tackles the so-called ‘plastic soup’. ‘The largest cleanup in […]

Ma’aden model of economic growth through privatization

Darren Davis RIYADH — The Saudi Arabian Mining Company (Ma’aden) is an excellent example of how a successful government-private sector partnership can deliver strong results that stimulate economic growth, job creation, and industrial diversification, Darren Davis, the company’s President and CEO, said on Thursday. Participating in the ‘Market Forces’ panel discussions at the Future Investment […]

FG mulls N5000 cash transfer to Nigerians through NIPOST

Federal government said it would soon commence the payment of N5000 to vulnerable poor Nigerians in three states, using the newly introduced financial services of the Nigeria Postal Services (NIPOST) for the cash transfer. The government said the package is under the present administration’s social welfare programme to help the poor and the needy in […]

Manufacturing sector expands for 18 consecutive months

The manufacturing sector in Nigerian expanded for the eighteenth consecutive month in September, indicating economic growth through increased spending by manufacturers. The Purchasing Managers Index (PMI) released by the Central Bank of Nigeria (CBN) showed that in September, the Manufacturing PMI stood at 56.2 index points, indicating an expansion in manufacturing during the period. However, […]

Anti-graft heat turns on banks

Banks supporting graft will be sanctioned in Kenya In a renewed battle against corruption, the Central Bank of Kenya (CBK) has issued a stern warning that it would sanction any banks handling proceeds of graft. The Central Bank of Kenya (CBK) Governor Patrick Njoroge said on Thursday that the banks will face stiff sanctions. He […]

72-year-old man killed over palm fruits in Enugu

Harvested palm fruits By Maureen Ojinaka The Police Command in Enugu State has begun investigation into the alleged killing of a 72-year-old man following a dispute over palm fruits in Amansiodo-Oghe community in Ezeagu Local Government Area of the state. The Police Public Relations Officer of the Command, SP Ebere Amaraizu, said in a statement […]