Big Business

Richard Nyong, Lekki Gardens’ Boss, Gets Bail
Big Business

Richard Nyong, Lekki Gardens’ Boss, Gets Bail

Lagos state Magistrate Court sitting in Ebute Metta, Lagos, has granted bail to the embattled managing director of Lekki Gardens, Richard Nyong. Nyong alongside Taiwo Odofin, a contractor to Lekki Gardens, were arraigned by the Lagos state government following the collapse of one of their buildings in Lekki, which led […]

2016 Budget: What You Need to Know
Big Business

2016 Budget: What You Need to Know

*Senate kept crude oil benchmark at $38 per barrel *Exchange rate pegged at 197 Naira to 1 USD, GDP targeted at 2.14% As Nigerians breathe a sigh of relief after the passing of the 2016¬†appropriation bill otherwise known as the budget; there are key technical¬†details that needs proper explanation for […]

Nigeria Plans $1.7 Billion Stimulus Spend for Q2
Big Business

Nigeria Plans $1.7 Billion Stimulus Spend for Q2

*Federal contractors are major beneficiaries *Spending will create employment and re-employment of sacked construction workers In its plan to forestall further deterioration of the struggling economy, Nigeria’s federal government plans to spend about 350 billion in the next quarter. At the just concluded talk shop titled: National Economic Council, an […]

Nigerians Need Power, Not Megawatts
Big Business

Nigerians Need Power, Not Megawatts

Not just backtracking from his campaign promises, President Buhari of Nigeria seems to be adjusting to reality. His statement yesterday, at the National Economic Summit that he will no longer target 20,000 but 10,000 megawatts of electricity by 2019; is disappointing but a better of way of managing public expectations. […]