Category: Business

June 3, 2021

Finally, Shoprite Leaves Nigeria.

Shoprite Holdings Ltd, Africa’s largest food retailer, has sold its Nigerian operations to local investors 16 years after it opened its first outlet in the continent’s most populous country. The company sold its stake...

Business / Opinion

February 15, 2021

WTO: ‘We look forward to working with you’ – WHO congratulates Okonjo-Iweala

The World Health Organisation Director-General, Tedros Ghebreyesus, has congratulated Ngozi Okonjo-Iweala on her new appointment as World Trade Organisation, WTO, Director-General. DAILY POST reports that Okonjo-Iweala, Nigeria’s former Minister of Finance made history on...

Business / Developing Story

February 15, 2021

Ngozi Okonjo-Iweala makes history, confirmed as WTO DG

Dr Okonjo-Iweala has been appointed as the Director-General of the WTO. WTO confirmed her appointment at a special meeting of the General Council, following a selection process that included eight candidates from around the...

Business

October 9, 2020

Okonjo-Iweala: Nigerian govt seeks to influence WTO over new Director-General

The Federal Government has appealed to members of the World Trade Organisation (WTO), to endorse Nigeria’s nomination, Dr Ngozi Okonjo-Iweala, to become its Director-General. Minister of State for Industry, Trade and Investment, Mrs Mariam...

FG threatens action against Ghana over treatment of Nigerian traders

Business

August 18, 2020

FG threatens action against Ghana over treatment of Nigerian traders

The federal government has said it is weighing its options, over the closure of shops belonging to Nigerian traders in Ghana. The Minister of Foreign Affairs, Geoffrey Onyeama, revealed this when he met with...

Business

August 17, 2020

Lagos State extends market hour, see the new time

The Lagos State Government has extended hours of operations of food and non-food markets. They are to open at 8am and close at 6pm henceforth In a statement by Commissioner for Local Government and...

Lagos Govt Extends Market Hours, Now 8am – 6pm.

Business

August 16, 2020

Lagos Govt Extends Market Hours, Now 8am – 6pm.

The Lagos State government has extended the hours of operations of both food markets and non-food markets across the state. In a series of tweets on Sunday, the Chief Press Secretary to Governor Babajide...

Sierra Leone Ordered $4.7M Cars After Nigeria Lawmakers Rejected Them – Innoson

Business

August 16, 2020

Sierra Leone Ordered $4.7M Cars After Nigeria Lawmakers Rejected Them – Innoson

Chief Innocent Chukwuma is the Chairman/Chief Executive Officer of Innoson Vehicles Manufacturing, IVM, a foremost automobile maker in Nigeria. In this exclusive interview after a facility tour of his Nnewi automobile factory, Chukwuma reveals...

JUST IN: Shoprite To Leave Nigeria After 15 Years.

Business

August 3, 2020

JUST IN: Shoprite To Leave Nigeria After 15 Years.

South Africa’s grocery retailer, ShopRite, is leaving Nigeria 15 years after it opened shop in the West African country. Shoprite opened its first store in Lagos in December 2005. In a trading update filed...

Sterling Bank CEO disclose purchase of bank shares

Business

July 23, 2020

Sterling Bank CEO disclose purchase of bank shares

Sterling Bank’s Managing Director, as well as a number of Executive Directors, purchased shares worth a total of N46 million. The disclosure, which was filed on the Nigerian Stock Exchange (NSE) and duly signed...