General Electric Co. said it has handed over its $2 billion rail concession project in Nigeria to South Africa’s Transnet SOC Ltd. The decision of the Boston, Massachusetts-based company was hinged on its decision to exit the transportation business. It would be recalled that GE made the commitment for the […]
Following its hurried exit from Nigeria, more reactions have followed HSBC and UBS’ decision to leave Nigeria. It would be recalled that the Swiss National Bank (Central Bank equivalent) said in its regulatory update that HSBC and UBS have exited their Nigerian operations as foreign direct investment continues to slump […]
Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000 approximately USD98 based on the current exchange rate. The new minimum wage was agreed at after series of negotiations and threats of strike actions by the labour union. The latest development is also very significant […]
Swiss investment baking giants, HSBC and UBS have exited their Nigerian operations as foreign direct investment continues to slump in Africa’s largest economy. The Swiss National Bank, SNB (the country’s central bank equivalent) said that foreign direct investment in Nigeria fell to 379.84 billion naira ($1.2 billion) in the first […]
Several years after its rancorous exit from Nigeria, Ogilvy Africa a wholly owned subsidiary of WPP Scangroup Plc, has reopened its office in Lagos, Nigeria. It would be recalled that Ogilvy Africa was entrenched in a legal battle with Prima Garnet, a Nigerian advertising agency after the former sued Scan […]
Federation of International Football Association FIFA, has named Messrs Luca Piazza and Solomon Mudege as its observers for Thursday’s elections into the Nigeria Football Federation (NFF) Executive Committee from 2018-2022. Mudege is FIFA’s Senior Manager for Development Programmes (Africa) while Piazza is a senior official in the FIFA President’s office. […]
Latest data from Nigeria’s official statistics office says the country’s gross domestic data falls to 1.50% in the second quarter of the year. The data from the NBS shows that growth in the second quarter of 2018 was –0.45% points slower than 1.95% recorded in the first quarter of 2018. […]
Head coach of the Super Eagles, Gernot Rohr, has named his squad for the 2019 Africa Cup of Nations qualifier against Seychelles. The team is billed to face Seychelles on Matchday 2 and host Libya in their next game. Among invited players are Henry Onyekuru who is currently on load […]
World Football governing body, FIFA has confirmed that Nigeria will not be banned after the Federal Government affirmed it recognize Amaju Pinnick as legitimate and sole president of the Nigeria Football Federation. FIFA said in a statement that it will monitor the situations to ensure that he rules and regulations […]
World Football ruling body, FIFA has given Nigeria and Ghana an ultimatum to put their houses in order or face suspension. A statement from the global football house specifically requested that President of the Nigeria Football Federation, Amaju Melvin Pinnick be given effective control or face suspension. Chris Giwa has […]