News

FORBES WOMAN AFRICA (www.ForbesAfrica.com), the continent’s first-ever women’s interest magazine from the highly-successful FORBES stable, launches its very first television show through FORBES AFRICA TV, in partnership with Ecobank, a release made available to www.nationalwire.com.ng by Africa Press Organisation (www.apo–opa.com) has revealed. On Friday, April 28th, FORBES WOMAN AFRICA’s “Against the Odds with Peace Hyde” will premieres on CNBC Africa, …

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It has emerged that financial services within Nigeria’s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years. This comes as Ministers from developing countries namely Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa Rica Pakistan under the auspices of Friends of E-Commerce for Development (FED) resolved to put forward …

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…Its African subsidiaries wax stronger, contributing 35% of earnings The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41% percent year-on-year growth in profit-before-tax in the first three months of 2017. Leveraging …

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Nigeria needs to grow its economy by 46 per cent over the next 34 years in order to avert social crisis, the Financial Services Advisory Leader and Chief Economist, PricewaterhouseCoopers Nigeria, Andrew Nevin, has warned. He cautioned that the country would continue to be poor if the economy grows at two per cent annually, considering that the projected annual population …

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The oil industry is reversing ‘cut backs’ trend with the investment of around $20 billion in the energy sector in the US for the first quarter of 2017, the Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Mohammed S. Barkindo, has said. Speaking yesterday at the 18th International Oil Summit, in Paris, Barkindo said the investment is expected to grow …

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The Nigeria Employers Consultative Association (NECA) has explained why its members could not pay the proposed national minimum wage. Its Director-General, Mr Olusegun Oshinowo, said at a briefing in Lagos that they could not pay because of the recession which has affected their members’ businesses. He said the association would canvass this position at the National Minimum Wage Committee meeting. …

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The Manufacturers Association of Nigeria has commended the Federal Government for its efforts at improving the current economic situation and endorses steps being taken to pull the economy out of recession. The association specifically lauded the Economic Recovery and Growth Plan of the government aimed at deepening the diversification and backward integration of the economy, as well as the establishment …

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The Federal Inland Revenue Service (FIRS) has disclosed that it realised N27 billion from the penalty wavers for tax defaulters’ exercise it concluded in December 2016. The chairman of the service, Babatunde Fowler, disclosed this at the opening ceremony of the FIRS/journalism.com media training series on accurate reporting of taxation, holding in Lagos. It is part of the efforts of …

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The National Bureau of Statistics (NBS) yesterday released the Q1 2017 ‘Road Transport Data’ report which reflected that a total of 2,556 road crashes occurred in the country during the first quarter of this year out of which 8,672 Nigerians got injured while 1,466 died. A review of the report shows that 8,151 of the 8,672 Nigerians that got injured, …

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Former Vice-President Atiku Abubakar says Nigeria is currently at a crossroads as poverty, unemployment, inflation, infant mortality and other social vices are on the increase. He, therefore, called on Nigerians to unite in the demand for true federalism. Atiku said this while delivering his speech at the formal public presentation of the Daily Stream newspaper in Abuja on Thursday. He …

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