Business Eye

Investing in Haulage business

Over the years, Africans in Diaspora who are interested in investment in Africa are constantly faced with three key issues among others, namely; Integrity on the part of managers of resources; Credibility/expertise on the part of their business managers and Inadequate information on what potential businesses to invest in.

                 Since the collapse of the rail system in Nigeria, road haulage business has assumed a wider dimension and has ...

Nigeria crashes in FIFA ranking again

The latest FIFA ranking released on April 25, 2012 in Zurich, Switzerland, showed that the Super Eagles dropped again in the ranking.

                The Super Eagles, which ranked 57th in the previous ranking released in March, dropped to the 60th position in world football.

                 Co-incidentally, Egypt, which was Nigeria’s opponents in the last international friendly match played in Dubai, went five places above Nigeria. Egypt is now r...

NDPHC to revoke license of erring NIPP contractors

The Niger Delta Power Holding Company Limited, (NDPHC), owners of the National Integrated Power

Project (NIPP) on 21st of May said the company will not hesitate to revoke license of any erring contractors. Mr James Olotu, Managing Director of the company made the warning in a question and answer segment with media in Lagos. He said that those contractors handing NIPP projects that has not completed their projects should do so before June, adding t...

Nigerian banks: Still under the crusher's hammer

There is no doubt that the Nigerian banking sector has been hit hard in recent time by its dubious operators and the harsh regulatory policies. The peak point of the financial sector crises was witnessed in 2009 when nine of the widely acclaimed mega-banks were declared technically insolvent by the Governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, shortly after assuming office.

                Ever since the era of the failed ba...

Presidency asks for N45 Billion more to reintegrate ex-militants

President Goodluck Jonathan is asking for additional N45 billion from the National Assembly to fund reintegration of the former Niger Delta militants in the ongoing Federal Government's Amnesty Programme.

                Letters dated April 12, 2012, to that effect sent to the National Assembly from the Presidency said under the prevailing review, the reintegration of the ex-militants would cost N45 billion, instead of N924 million initially appro...

Bakrie Group to invest up to $1b in Nigeria

One of Indonesia's leading conglomerates, the Bakrie Group, is planning to invest up to US$1 billion in Nigeria within the next five years through a joint venture company formed with British-Nigerian entrepreneur Ladi Delano.

                The joint venture company, Bakrie Delano Africa Ltd, is planning to work in three sectors in Nigeria: oil and gas, palm oil and mining.

                Delano, who is cited as the company's CEO, said that Niger...

ECOWAS plans $300m reinsurance agency

The Economic Community of West African States (ECOWAS) Commission promises to float a reinsurance agency with a capital outlay of $300 million to encourage Foreign Direct Investment (FDI) into the West Africa sub-region. The agency will provide a window of reinsurance to the insurance industry as well as mitigate the political risk to FDIs in the sub-region. The $300 million is expected to underwrite an exposure level of $1 billion. Speaking at a...

Pastoral resolve (PARE) set to address challenges of pastoralists

Bature , 57 of Okari village in Nassarawa state, says their  cattle have no place to graze, “everywhere have been fenced by farm owners and land owners”. Every day, 21 million nomadic pastoralists like Bature are faced with not only the problem of poor access to grazing land for livestock but with the anguish of insecurity, conflicts with farming communities, poor access to water, inadequate access to health and education among others.

           ...

Cadbury promises better returns, to pay dividend in 2012

The Chairman of Cadbury Nigeria plc, Mr. Atedo Peterside, has assured that barring any unforeseen circumstance, shareholders of the company would be rewarded with dividend payout in the current financial year as the management has successfully navigated the company out of the negative zone.

                Addressing shareholders at the 47th Annual General Meeting (AGM), in Lagos, Peterside stated that the management was able to pull out of the N3...

How to make huge sales through internet with zero naira

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Are you worried about the low number of traffic you presently receive on your website, if you are only looking to blow things up a bit increase visibility to your website.

                With the growing interest in blogging as a means of online promotio...

Influx Of Tacky China Products

From little personal consumables such as ear-phones to minor household items like the electric stoves, down to heavy industrial machineries, China has come to mean more than just a name in the Nigerian market.

Not many Nigerians will claim ignorance of the several qualities of imported consumable products in the local markets. However, one brand name that seemed to cause shivers among consumers is underlined by the phrase ‘Made in China’.  This do...

FG tasks USAID, DfID, others on functional projects

The Federal Government has tasked global development partners to ensure that the socio-economic projects, which they embarked on in Nigeria, are designed to be functional and meet the most popular needs in the country.

                Minister of Trade and Investment, Olusegun Aganga, stressed that the activities of the international development partners (IDPs) in the Nigerian economy should be demand-driven and tailored to the nation's specific n...

Dangote Cement Project Boosts Jobs Creation

No respite in sight

In the July 2011 University rankings in the world, no Nigerian university was rated among the top 5000 universities in the world. While some African universities made steady progress up the ladder, with South African universities — University of Cape Town — listed among the top 500 universities (when compared to the 2009 statistics), Nigerian universities seem set to go further down the ladder. The faceoff between the Federal Government and the A...

Match-fixing, a killer Phenomena

Match-fixing involves fixing the final result of a game. It can also involve fixing small events within a match which can be gambled upon and may have negligible bearing on the final result of the game.

                The existence of match fixing, presupposes that there are usually syndicates that run gambling outfits, either locally or on a large scale interested in influencing the outcome of games. They are usually interested in manipulating t...

Health benefits of Banana

DEPRESSION:

According to a recent survey undertaken by health practitioners amongst people suffering from depression, many felt much better after eating banana. This is because bananas contain tryptophan, a type of protein that the body converts into serotonin, known to make you relax, improve your mood and generally make you feel happier.

PMS: Forget the pills - eat banana. The vitamin B6 it contains regulates blood glucose levels, which can affec...

Trailing history from the Museum

Henrich Rudolf was 10 when the 30-month Nigerian Civil War began in 1967. But the laxity with which the German newscaster delivered the news then of children dying of starvation, villages burnt, lives lost made him sick, even as a lad. For him, the newscaster rather gave prominence to the sustainable resistance of the Biafran Army over the Nigerian Army's advancement in their territory.

                Now a security expert, Rudolf is among the ma...