The Federal Government has activated a $500 million African Development Bank (AfDB) loan aimed solely for intervention in the power sector.
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RusHydro International AG has signed a five-year service agreement with Mainstream Energy Solutions Limited of Nigeria, which will see the JSC RusHydro’s subsidiary upgrade two key... |
MTN with brand value of $11.448 billion, according to research, has improved on its ranking on the global most valuable 100 brands on the back of its Nigerian operations.
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The Federal Government has achieved a recurrent to capital expenditure mix of 65 percent to 27 percent in its budget performance in the first quarter of 2013 which is 550 basis points lower than the... |
The Federal Government is targeting to generate at least an annual tax turnover of $500 million (N78 billion) with a new tax strategy that would help it capture more people into the tax net and... |
Markets
Analysis
At the turn of the century, Nigeria was a pariah nation. Two decades leading to this period, the country suffered one of the worst episodes of economic decline since record began. During the time, the dreams at independence in 1960 and the oil wealth of the 1970s had vanished, replaced with stagnation, huge external debt, high inflation and...
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iStore Ikeja, Apple's flagship retail store in Nigeria has announced the immediate commencement of its weekend super bonanza to reward and bond with loyal customers in Nigeria especially in... |
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The Federal Government is expected to receive the first batch of software developers next week that would undergo one year training at the Lagos Incubation Centre.
Accenture Consulting, the project management office (PMO), that is handling the...
Hyundai Motor Company has announced 2013 first-quarter earnings results. Despite various unfavourable internal and external factors, the company’s continued sales growth overseas led to a 6 percent increase in sales revenue, compared to the...
The Japanese based automaker Subaru has recently announced a recall for some of the Outback and Legacy vehicles because of a problem with the steering.
According to the National Highway Traffic Safety Administration, a total of 5,379 units of the...
For some time now, keen industry watchers believe that the Suzuki brand has been silent, leaving car freaks guessing as to what is happening to the Japanese brand launched about five years ago to battle rivals. At the moment, the good news is that C...
Zahav Automotive Nigeria Limited, a Lagos-based vehicle manufacturing company, has donated two units of specially built and fully equipped pick-ups to the Nigeria Police Force. The double-cabin Zahav pick-ups built at the company’s plant in...
Jaguar Land Rover (JLR) sales in April increased 12% to 28,503 units and 16% during the first four months of the year. JLR announced that its sales were up 12% last month and retail sales made the month the best April ever.
The company said that...
With Nigeria as the most promising destination to make investment, CC Auto FZE, is making plans to establish a trucks spare parts centre in Nigeria. With October this year slated as the date for the commissioning, the spare parts centre will be...
The Honda Place Nigeria has joined the rest of the world to unveil the ninth-generation Honda Civic that was recently face-lifted to incorporate upscale features such as sleek, energetic and aerodynamic design with new ECON button that adjusts...
The Nigerian banking sector has been largely transformed, after the Central Bank of Nigeria’s (CBN) intervention, and the subsequent reform has reshaped the industry and increased competition.
The CBN in 2009 initiated banking reforms and set...
Starting any skill, occupation or career at a young age is an added advantage, as it affords one the opportunity to make gains and even recoup returns as many times as possible for a long period before tiring out. The same applies to investing....
One of the most difficult things to figure out in investing is when to sell something. The decision to switch things up can be a difficult one to make. What if you get rid of an investment, and it takes off? You’ve just lost out on big...
BusinessDay conducted a sample survey over a four week period to understand whether Nigerians are willing to change their phone service provider with the introduction of number portability by the Nigerian Communication Commission (NCC).
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Toyota has simplified the Yaris range with the application of the KISS principle (Keep It Sweet and Simple) to its Yaris hatch range. Toyota fine-tuned its Yaris line-up for 2013, focusing on the more popular models, and dropping the three-door...
As the market dynamics gets tougher and more challenging, latest figures last month showed that Mercedes managed to surpass its rivals BMW and Audi thanks to its new versions of the A and B-Class compact vehicles.
During the month, Mercedes...
Intelligent Energy, the global power technology company, has announced collaboration with world-leading telecommunications company, Etisalat Nigeria, starting immediately. The two companies will work together to test personal energy...
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