10 Reasons to Start A Home Business

Giant of Africa - Nigeria vs South Africa

An graphic showing the comparison of socioeconomic indicators to determine who can claim the title of Giant of Africa. The original can be found here

Africa's Billionaires

Forbes just released its annual list of the world's billionaires, and here are Africa's richest for 2012. Click on the image below to see the infographic.

Economic interests should drive foreign policy, says Jonathan

Nigeria’s foreign policy should be reviewed to protect the country’s domestic priorities, particularly its economic and political interests at home and abroad, President Goodluck Jonathan has recommended.

Jonathan made the call yesterday, while declaring open a seminar on the need to ‘Review Nigeria ’s Foreign Policy’, organised by the Presidential Advisory Council on International Relations and the Ministry of Foreign Affairs in Abuja.

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Nigeria will soon be self-sufficient in cement production – Minister

The Minister of Trade and Investment, Mr Olusegun Aganga, said on Monday that cement importation would soon be a thing of the past in Nigeria.

Aganga, who spoke while inspecting the level of work at the Dangote cement plant, Ibeshe, Ogun, said the country was on the verge of being self-sufficient in cement production.

He said that when completed, the Ibeshe plant would be capable of producing six million tonnes of cement yearly.

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Rivers State plans 250 bln naira bond issue

One of the states in Nigeria's oil-rich Niger Delta plans to issue a 250 billion naira ($1.63 billion) bond in October to fund infrastructure projects in the region, the state governor's office said on Sunday.

A similar issue two years ago by Lagos State, the major commercial hub in Africa's most populous nation, was well subscribed by investors.

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Investing in Nigeria: The energy deal

If you have been closely watching investment boom trend in Africa, then it would be no mystery to you that the next biggest investment break worth tapping into is the Nigerian energy sector. This is simply going by the law of demand and supply which states that the more of a product or service that is needed, is supplied, it will be paid for, by the buyer(s).

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Poor Electricity is ICT Sector's Greatest Challenge - ATCON

Association of Telecommunications Companies of Nigeria (ATCON) has said that lack of reliable public electricity accounts for 70 percent of the problems facing the telecom sector.

Speaking in Lagos last week at the Broadband Investment Summit, the ATCON President Engr. Titi Omo-Ettu said that the remaining 30 per cent is attributed to low technical skill, poor access to financing, barrier to investment and others which were what the association aimed at proving solutions to from the summit.

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Nigeria records tremendous increase in non-oil export

Minister of Commerce and Industry, Jubril Martins-Kuye has pointed out that Nigeria non-oil export has increased by eleven fold from $0.2 billion in 2000 to $2.3 billion in 2010.

The minister made this known during the presentation of the report of the Inter-Ministerial Committee on the comprehensive review of the Export Expansion Grant (EEG) by the Chairman of the Committee, Dr. Abubakar Mohammad, in his office during the weekend.

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Local content policy opens opportunities for small enterprises

The signing into law of the Nigerian Local Content Development Act in the oil and gas industry has thrown open business opportunities worth over $10 billion.

In the next few years, the programme is expected to create about 30,000 direct jobs for small-scale enterprises as many of the fabrication yards where the service of these entrepreneurs are needed are being supported to come on stream by the government through the Nigerian Content Monitoring Board (NCMB).

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