There are strong indications that the new Central Bank of Nigeria (CBN) rule excluding some essential raw materials from the list of items valid for forex will in no time lead to the lay-off of over 40,000 Nigerians who work in the manufacturing sector, analysts say. According to the Central Bank of Nigeria (CBN), the…
Heavyweight firms like Julius Berger and other construction companies are not spared of the raging economic recession that has plagued Nigeria since the President Muhammadu Buhari government took over in 2015. Construction stocks are not feeling the impact of the federal government’s acclaimed expenditure on the infrastructure. Julius Berger and Roads Nigeria Plc, both listed…
TONY ELUMELU FOUNDATION (TEF) HOSTS VIBRANT SESSION WITH NEARLY 2,000 ENTREPRENEURS French President Emmanuel Macron offered a bold and new vision of France’s relationship with Africa, speaking to Tony Elumelu Entrepreneurs in Lagos today. He passionately advocated a new partnership, prioritizing the role of entrepreneurship in driving Africa’s renaissance, highlighting the importance of the private…
……Chairman Elumelu states “Transcorp will light up Nigeria”. At the 11th Annual General Meeting of Transnational Corporation of Nigeria Plc(“Transcorp”), the Board ofDirectors confirmed their confidence in Transcorp’s growth trajectory and affirmed the Company’s commitment to increasing yield and returns to shareholders, while continuing its significant capital investment strategy. Despite the difficult economic climate, revenue…
Philanthropist and serial entrepreneur Tony O. Elumelu, CON leads a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF), which begins in Davos, Switzerland today. Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance and of the…
Nigerians have angrily reacted to the news of the budget presentation by the country’s number one man. Unbelievable as it may sound, the figure to be spent on fixing the mess the country is presently in is a staggering 7.3 trillion Naira according to the President Mohammad Buhari just as the budget of 2016 has…
….how Presidency allegedly mounts pressure on him to rescind his decision. It’s no longer news that three months after he was nominated by President Buhari as the Chairman of Nigeria Electricity Regulatory Commission, Prof. Akintunde Akinwande is yet to confirm that he is ready to take up the appointment. However, the absence of the Massachusetts…
President Koroma of Sierra Leone, President Obasanjo of Nigeria, Governor Ikpeazu, Minister Lai Mohammed, Mrs Folorunsho Alakija, Join 1,000 African Entrepreneurs At 2016 Tony Elumelu Foundation Entrepreneurship Forum. • Foundation Announces Partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information. —- At the largest annual gathering of African entrepreneurs, held in Lagos, Nigeria,…
As the economic hardship facing Nigeria rages on, Alhaji Aliko Dangote, the country and African richest business man, has incurred the wrath of Nigerians for making an unpopular advice to the Federal Government to sell off the Nigerian Liquified Natural Gas company, NLNG. The multi-billionaire business mogul has been receiving torrents of backlash from…
On October 8, 2016, ntel, Nigeria’s fifth mobile network and, according to their website and social media platforms, Nigeria’s first pure play 4G/LTE advanced network will celebrate 6 months since the commencement of commercial operations on 08-04, 2016. In those 6 months, ntel has attained full network coverage in Abuja, across large swathes of Lagos…
