AfDB says African economies through the worst of downturn .Economies are resilient, growth seen accelerating: Adesina African economies are probably through the worst of their downturns and growth should accelerate next year, driven by investments in infrastructure and attempts to diversify from commodities, according to the African Development Bank. The continent’s growth rate may be around 3.5 percent this …

  Labour Vows To Resist Sales of National Assets The Nigeria Labour Congress (NLC) will resist clamour in some quarters to sell national assets such as the Nigeria National Petroleum Corporation (NNPC) and Nigeria Liquefied National Gas (NLNG), factional President NLC, Joe Ajaero has said. According to a statement, Ajaero said: “Congress views with utmost apprehension the recent call on …

      Nominees have emerged at the various categories of the Nigerian Child Friendly Awards for the year 2016. In the TV Content Category, Wale Adenuga Productions (WAP) gathered a total of 148 votes to top the list in the category. Trailing WAP is African Magic Production with 111 votes. Occupying the third position is Suliat Productions with a …

  The two robber suspect Armed Robbers Nabbed by police Folake sokoya   The operatives of the Rapid Response Squad (RRS) of the Lagos State Police Command have arrested a two man robbery gang specialising in defrauding unsuspecting members of public around Cele Bus Stop, along Oshodi-Apapa Expressway of Lagos. The suspects, Emmanuel Anyanwu, 39, an ex – convict and …

Guinness proposes N3.20 dividend, records N2bn loss Guinness Nigeria Plc, manufacturers of brands like Guinness Foreign Extra Stout and Malta Guinness, for the financial year ended June 30, 2016 proposed a dividend of N3.20 per ordinary share. The company also announced a loss of N2 billion for the financial year under review from N7.8 billion profit recorded in prior year. …

Elumelu wins Africa Investor ‘Person of the Year’ Award in New York.  Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the UN General Assembly in New York, extolled stakeholders in the public and private sectors committed to improving access to power in …

Heritage Bank CEO lists Nigeria’s export potentials Heritage Bank Limited has identified major commodities that can boost foreign exchange earnings for the country. This becomes necessary as the Federal Government intensifies efforts to boost non-oil export revenues. Managing Director/ Chief Executive Officer, Heritage Bank Limited, Ifie Sekibo said some of the export potential products cocoa, cashew, groundnut, fish, horns, sesame …

Nigeria sues over $12bn in ‘illegal’ oil exports Nigeria is suing several leading oil companies for $12.7 billion of crude oil that allegedly was exported illegally to the United States between 2011 and 2014, officials said Tuesday. The Federal High Court in Lagos is expected to begin hearings next week in cases filed against Nigerian subsidiaries of U.S. multinational Chevron, …

Eko Atlantic To Host Made in Nigeria Festival 2016  Eko Atlantic City, the emerging new smart city being built from reclaimed land adjacent to Victoria Island by leading real estate investment company in Nigeria, South Energyx Nigeria Limited (SENL), will play host to the 2016 edition of the Made in Nigeria Festival. Vice Chairman of South Energyx Nigeria Limited, a …

    The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has advised the Federal Government against advice from some Nigerians to sell the multi-billion dollar Nigeria Liquefied Natural Gas Limited (NLNG) to raise funds for the ailing economy. While the Federal Government thinks through plans to raise between $10 and $15 billion  (about N4.72 trillion) to boost the economy, prominent …