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Category: Economy

Business Economy

5,000 farmers not enough to supply tomato to Dangote’s factory

Iheanyi Ejiofor August 31, 2017 headline

Five thousand Tomato farmers are unable to provide enough tomatoes for the $20 million tomato producing factory owned African richest man and President of Dangote Group, Aliko Dangote. Reuters reports that…

Read More 5,000 farmers not enough to supply tomato to Dangote’s factory
Economy Maritime

How NPA was gang-raped to the tune of N111trillion by its joint venture partners in 12 years

Iheanyi Ejiofor August 31, 2017 headline

The Nigerian ports Authority (NPA) is profusely bleeding from the laceration and bruises it sustained from the vicious but serial looting of its treasury by its joint ventures partners. Ironically,…

Read More How NPA was gang-raped to the tune of N111trillion by its joint venture partners in 12 years
Economy

U.S. investigates oil firm for allegedly bribing Nigerians with $100 million- Report

Iheanyi Ejiofor August 31, 2017 headline

Indications emerged Wednesday that the China Petroleum and Chemical Corp., known as Sinopec, is being investigated by the United States’ authorities over allegations of bribe payments totalling $100 million to…

Read More U.S. investigates oil firm for allegedly bribing Nigerians with $100 million- Report
Avaition | Transport Economy

Power failure at Lagos airport grounds activities

Iheanyi Ejiofor August 31, 2017

The Federal Airports Authority of Nigeria (FAAN) has formally apologised to Nigerians over the power failure that interrupted business at the Murtala Muhammed International Airport, (MMIA), Lagos. The power failure…

Read More Power failure at Lagos airport grounds activities
Economy

Economy: Buhari has lost touch with reality- Fayose

Iheanyi Ejiofor August 30, 2017 headline

Ebun Francis || Ayodele Fayose, the governor of Ekiti State and a strong critic of President Muhammadu Buhari on Wednesday said that the President’s comments on Tuesday that he is…

Read More Economy: Buhari has lost touch with reality- Fayose

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