OTHER BUSINESSES

Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African bank Ecobank said on Wednesday. The West African country produces around 103,000 bpd ranking it ninth, far behind...

The National Automotive Design and Development Council (NADDC) have said that it has started reviewing the country’s automotive policy with the stakeholders in the auto industry in other to eliminate the hindrances currently bedevilling the sector. Director, Policy and Planning of NADDC, Mr. Luqman Mamuda, who disclosed this in a...

The U.S. Chamber of Commerce, in a show of further commitment to collaboration by the business communities in the United States and across Africa, today named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its U.S.-Africa Business Center. According to the Chamber in a press statement, Dangote will...

Nigeria Customs Service (NCS) has seized rice worth N597.7 billion brought into the country through the borders between January and August 2016. The Public Relations Officer of the service, Wale Adeniyi, made this known in Abuja on Tuesday. He said that the worth of the commodity confiscated during the period...

  6% less than that of same period of 2015 Nigeria Customs Service (NCS) at Tin Can Command generated a sum of N156.9 billion from between January and August, 2016, 3.6% less than what it made in the same period of 2015. However, the revenue recorded was lower than what...

Managing Director, Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), Mr. Aliyu Abdulhameed, said that for agriculture to work and contributes its quota to economic growth, guarantee decent incomes for farmers, it has to be properly linked to industry. He stated this in Lagos today at the signing of...

The recent discovery of oil in Lagos State in commercial quantity has been described as a good omen for the development of the oil and gas industry which Dangote refinery will benefit from. Speaking in his office in Lagos during a visit by the leaders of the League of African...

The Africa Finance Corporation (AFC), a development-finance institution that funds infrastructure on the continent, plans to sell more Eurobonds to support energy-generation and logistics projects. The Lagos, Nigeria-based lender, which has financed projects in 26 African countries, plans to borrow more offshore in its $1.5 billion funding strategy after raising...

Insurance companies and motorists in Ogun State are lamenting the monopoly of the third party motor insurance policy being issued to motorists in the state by the state government, which they said contravenes the National Insurance Commission (NAICOM) policy. The umbrella body of the companies alleged that the state government...

Insurance experts have called on the Federal Government to enforce compulsory insurances, while leveraging on insurance to grow the economy. The Chairman, Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, while speaking at Professionals' Forum organised by the Chartered Insurance Institute of Nigeria(CIIN) in Abeokuta, Ogun State, charged government to embark...