Philanthropist and serial entrepreneur Tony O. Elumelu, CON, is leading a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF) holding in Davos, Switzerland. Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance and of the critical […]
The Senate on Wednesday approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) and set oil benchmark for 2017 budget at 44.5 dollars per barrel. It also approved the exchange rate at N305 to a dollar as proposed by the executive for the 2017 fiscal year. The approval followed the adoption of […]
In fulfilment of its promise to offset arrears of gratuity due to retired Civil Servants, the Ogun State Government has paid N1.473b to 546 retirees in the state. The state Head of Service, Mr. Abayomi Sobande, who disclosed this in Abeokuta yesterday, informed that the government would not relent in its commitment in ensuring that […]
China’s richest man, Hollywood investor Wang Jianlin, warned Donald Trump Wednesday against dragging the entertainment industry into a trade war – saying his country’s millions of movie-lovers are key to the future of cinema. The Chinese billionaire joined a chorus of concern from international business chiefs gathered at the World Economic Forum in Davos, Switzerland […]
Popular Ponzi scheme MMM Nigeria has indefinitely suspended payments and is not presently entertaining payment requests. This is a big blow to all participants who had hoped to get some relief upon the advertised unfreezing of their accounts last week Friday. But the expected relief is far from coming, MMM Nigeria says it has removed […]
Worldwide, CEOs’ confidence levels for their growth prospects and outlook for the economy is back on the rise amidst new risks and uncertainty. In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]
American automaker General Motors said Tuesday it will invest an additional $1 billion in several U.S. factories, an apparent response to President-elect Donald Trump’s promise to reinvigorate the country’s shrinking manufacturing industry. The nation’s largest automaker said it also plans to return thousands of overseas information technology jobs to the United States. GM said a […]
The Lagos State Government, through the Office of Transformation, Creativity and Innovation (OTCI), has assured Kaduna State’s Bureau of Public Service Reforms (BPSR) delegation of its willingness to give necessary support and assistance in improving public service performance in Kaduna State. Speaking while receiving the nine-man visiting team in Alausa recently, the Director General of […]
The Federal Government has commenced the verification of pensioners in the Diaspora and its database of retirees in Nigeria. The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Mrs Sharon Ikeazor, made the disclosure on Tuesday during an interview with reporters in Abuja, the Federal Capital Territory. Mrs Ikeazor gave the hint after meeting […]
Nigeria will close the gap between the official and black market rates for the Naira against the dollar “very soon,” Vice President Yemi Osinbajo said on Tuesday. “The gap between the official and parallel market… it isn’t helpful,” he told reporters at the World Economic Forum in Davos. “If you look at the economic recovery and […]