Business Eye

Monday, 15 August 2011 | Administrator

Virtual Office: Smart, Innovative, Inexpensive

In a seemingly brand oriented nation as ours, image has become everything. A home office is a convenient place to work but is not always the most productive. Let’s take a look at what gives you the flexibility to drop in and use a private office whenever you wish or the freedom to establish your business presence, test a new market place or expand your office .

What is The Virtual Office?

The Virtual Office is an office without a physical office space. The Virtual Office provides you with a prestig...

Hunger Threat: World Bank, G20 to the rescue

Wednesday, 06 July 2011 | Administrator

The growing fear that rising food prices and outright famine may be the biggest problems African governments will tackle this decade was given a big boost when the World Bank Group announced a new risk management product to provide up to an initial $4 billion in protection from volatile food prices for farmers, food producers and consumers in developing countries.

This first-of-its-kind product will improve access to hedging instruments to shield consumers and producers of agricultural commoditi...

Dangote : Building a Stronger Nigeria

Tuesday, 05 July 2011 | Administrator

Recently, Dangote Group of Companies clinched the African Business of the Year Award by a London based African Business Magazine in conjuction with the Commonwealth Business Council, CBC and Business in Africa Events while its President and Chief Executive Officer, Aliko Dangote, clinched the African Business Leader of the Year Award.

From a modest beginning in the late 1970s, Dangote built a multi-billion naira conglomerate steadfastly sowing and patiently ploughing the fields of opportunity fr...

NACCIMA D-8 Business Council to boost Economic Recovery

Monday, 13 June 2011 | Onayemi Bamidele

National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has said that the D-8 Business Council is to improve the position of the eight developing countries, diversify and create new opportunities in trade relations, enhance participation in decision making at the international level and provide better standard of living for the people, not only in Nigeria but in the sub-regions.

NACCIMA in fulfilling its mandate put together the business council ...

CAC to delist 50,000 Companies

Wednesday, 18 May 2011 | Administrator

The Corporate Affairs Commission, CAC, said in Abuja on Thursday that it was on the verge of de-listing some 50,000 companies from its register. Garba Abukabar, the special adviser to the Registrar General of the CAC told newsmen that the companies were yet to meet the provisions of the companies and Allied Matters Act 1990 and would be delisted.

According to him, the dormant companies have failed to file their annual returns as required by the commission. “The companies are before the board f...

Nigerians go to the poll

Sunday, 24 April 2011 | Administrator

The general elections in Nigeria will commence on 2 April, 2011 with elections into the two chambers of the National Assembly elections. That will be followed by the presidential election on 9 April, 2011. The governorship and State Assembly elections bring up the rear on 16 of April, 2011 in the thirty six states of the Federation.

Many observers are of the view that the 2011 elections may yet give Nigerians, at least, a change in its Legislature presently controlled by the Peoples Democratic Pa...

Bunmi Oni, Bernard longe cleared

Wednesday, 09 March 2011 | Administrator

Bunmi Oni, CEO of Cadbury Nigeria from 1995 to 2006 who was accused of false accounting, book cooking, stocks buy back, trade loading, tax default, false stock certificate and undisclosed interest in the company was cleared by the judgment of a Lagos High Court on the 15th of November 2010. Justice Yetunde Phillips held that Oni's sack through a letter dated December 11, 2006 was a breach of his contract of employment. The Judge ordered Cadbury to pay Oni's accrued rights and entitlements up to ...

Boko Haran Crisis

Wednesday, 09 March 2011 | Administrator

Barely a year after a major crisis instigated by the Boko Haram occurred in the state, leading to the death of many members of the Islamic sect, on December 8th, 2010, attacked the Bauchi central prison, setting the place ablaze and freeing their members who were jailed following the 2009 unrest. Other prisoners were also released by the sect members. People in the adjoining communities fled their homes shortly after the attack on the prison. The attack came after a spate of deadly shootings in ...

October 1st Bombings

Wednesday, 09 March 2011 | Administrator

October 1, 2010 would be remembered as a memorable day in the history of the Nigerian nation. Aside from representing the date for Nigeria's 50th year (golden jubilee) as a sovereign nation, it would also be remembered for the price its formal celebration cost. Financially, it set the Federal Government of Nigeria back by a tidy N10b, not counting the disparate sums that state governments also doled out to celebrate the occasion. However, the largest price of the Golden Jubilee celebration was t...

Its Official: NNPC is broke

Thursday, 03 March 2011 | Administrator

Finally, it is now official: the Nigerian National Petroleum Coporation, NNPC, is broke. The news was broken by no less a personality than NNPC's Group Managing Director, Austen Oniwon. He made the damning revelation before stakeholders of the global oil and gas industry gathered in Abuja between the 21st to the 24th of February, 2011.

Very few appeared shocked though as the revelation merely put to rest what had been obvious to most industry observers for a long time. In fact, one time Minister ...