• US equity firm seeks more investments in Nigeria

    The Managing Director, Eberhart Capital, a United States-based private equity firm, Mr. Eliot Pence, has expressed support for more US investments in Nigeria and Africa as a whole. Pence spoke in Lagos at the inauguration of the Africa Expert Network, a US-based information brokerage and expert connection service, which was founded ...

  • Business: Foundation sets aside Sh9.1b to revive Africa's start-up revolution

    In 2012, The Economist wrote a colourful article about how Kenya, Â?previously known for its coffee and safarisÂ?, was in the middle of a tech boom. The article said Nairobi was fast becoming a Â?Silicon SavannahÂ?, a phrase that has since become a moniker for the city's burst of apps, hubs ...

  • Nigeria: Foreign Investors Participation Drops On NSE

    [Vanguard]Data from the Nigerian Stock Exchange, NSE, showed a significant drop in foreign investors' participation as at December 2014, while a significant increase was recorded on domestic side. During the period ended December 31, 2014, foreign investors' participation on the NSE dropped to 48.24 percent, as against 80.92 participation rate ...

  • Nigeria: Otti Pledges Massive Investments for Rehabilitation of Aba

    [This Day]Umuahia -As Aba continues to attract attention in the campaigns of political parties in Abia, the governorship candidate of the All Progressives Grand Alliance (APGA), Dr. Alex Otti, has pledged that he would "invest massively to reclaim" the commercial city.

  • Nigeria spends N2bn annually on stockfish import

    Nigeria, believed to be one of the highest consumers of stockfish and allied products in the world, spends over N2 billion on importation of 900 containers of the product from the Republic of Iceland. Trade statistics also show that Nigerian importers of the product have lost over N901.4 million to fraud, ...

  • US Imposes Sanctions On Members Of Hezbollah’s Nigeria-Based ‘Foreign Relations Department’

     The U.S. government has imposed sanction on three Hezbollah figures, an amusement park and a supermarket based in Nigeria, according to the International Business Times.  Mustapha Fawaz, Fouzi Fawaz and Abdallah Tahini, all born in Lebanon, are accused of being part of the group’s “Foreign Relations Department” in the Nigerian capital Abuja. Hezbollah is ...

  • GDP Re-basing: What Is New About Poverty And Inequality In Nigeria?

    This is what really matters. It is like a weight watcher being shown a new set of scales. It turns out that the previous measurement was all wrong. Now it has been changed, but in the meantime Nigeria should not compare its own weight with that of its neighbors until ...

  • Nigeria: Investment One Financial Services Makes World Finance 100

    [This Day]For leading the way in advancing the investment management industry, Investment One Financial Services has been appointed to the World Finance 100 for 2014. This exclusive list celebrates companies which have reached the pinnacle of achievement across a wide variety of expertise.

  • Africa: Global Investments - Is South Africa Still On the Agenda?

    [Daily Maverick]Just the other day, J. BROOKS SPECTOR quietly obtained a transcript of the discussion in a committee of the board of directors of a major multinational high-tech manufacturing company. This committee is the one that prepares final recommendations for the topmost layer of management in that firm for its ...

  • Nigeria: Nigeria-British Chamber Promises More Investments in Nigeria

    [This Day]The Nigerian-British Chamber of Commerce (NBCC) and UK Trade and Investment (UKTI) have promised to work together to attract more investments into Nigeria. This was made known during a send-off luncheon organised by NBCC in honour of the outgoing Director of UK Trade and Investment (UKTI), Mr. Mike Purves ...