Big Business

Nigeria’s Capital Importation Declines By 76%
Big Business

Nigeria’s Capital Importation Declines By 76%

Latest data from the National Bureau of Statistics, NBS shows that capital importation into Nigeria’s economy fell by 75.7% from 2015 to 2016. Capital Importation can be divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment and Other Investments, each comprising various subsectors. In the second quarter […]

WorldRemit Commends CBN On Restoration Of License
Big Business

WorldRemit Commends CBN On Restoration Of License

WorldRemit, one of the newly licensed IMTOs, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the […]

What Kaduna Can Do With Its Nickel
Big Business

What Kaduna Can Do With Its Nickel

The good news is already all over the news. Kaduna state has just discovered Nickel deposits which according to the federal ministry of solid minerals was discovered in conjunction with an Australian mining syndicate. Hugh Morgan, the head of the said syndicate said “The discovery is unusual because the nickel […]