LATEST MAGAZINE

The Logistics and Shipping Services Company of Ethiopia has commenced the construction of a dry port in Wereta – the Southern Area of Gondar, in the state of Amhara according to media reports. The inter-modal terminal project whose first stone was recently placed will be partially operational within six months…

Head of ECOWAS Observer Mission to Nigeria and former Liberian President, Ellen Johnson Sirleaf has pledged to assist Nigeria to have a peaceful and successful election process. Sirleaf made the promise when she was received by the Vice- President of ECOWAS Commission, Mrs Finda Koroma, other members of the commission…

Ngozi Okonjo-Iweala, a former vice-president of the World Bank and a two-time finance minister of Nigeria has said that she is ready to lead the World Bank if nominated for the job. Okonjo-Iweala spoke on the sidelines of the World Economic Forum in Davos recently, noted that many people have…

The Director-General of Nigeria Employers’ Consultative Association (NECA) Mr. Timothy Olawale, has said that the country’s mounting debt burden is worrisome and could have negative effects on the development of the economy. Speaking in Lagos on Tuesday, Olawale expressed fears that about 25 per cent of the 2019 budget of…

Nigeria’s Vice President, Prof. Yemi Osinbajo has highlighted various economic opportunities at the Nigerian-German Investment Dialogue in Berlin. Osinbajo spoke on Monday, December 10, 2018, at the Adlon Kempinski Hotel in Berlin, as the special guest at the well-attended forum with German investors. According to the Vice President, Nigeria has become an…

Uber has announced the launch of Uber Bus in Egypt, a day after its Middle East rival Careem announced plans for a bus-booking app and services in Cairo. Uber’s new minibus service will bring robust and competitive transport system to the most populous Arab nation and the company’s fastest-growing regional…

The World Bank expects slightly less than 2 per cent growth in the Nigerian economy this year, driven mainly by the non-oil industry and sector services, as the approach of the elections keeps foreign investors away. Nigeria emerged from a recession last year, but growth remains fragile as the government…

The MTN group is likely to lose more senior executives over the coming months, according to sources familiar with the matter, just as the company, the largest mobile operator on the African continent, continues to fight for $10.134 billion allegation which is a combination of $2 billion of unpaid tax…

A court in Milan is investigating allegations of corruption against Eni and Shell in a controversial oil deal that has resulted in the loss of about $ 6 billion from Nigeria. The Global Witness campaign group calculated that the 2011 OPL 245 agreement deprived Nigeria of twice its annual budget…

Africa’s largest cellular operator, MTN is staging a new attempt at giving emerging markets a cheap smartphone – costing about $25. The mobile phone which was designed in partnership with China Mobile, chipmaker Unisoc and feature phone operating system KaiOS, is dubbed “the world’s first 3G smart feature phone.” MTN CEO,…