•Challenges incoming lawmakers on PIB The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhammadu Buhari to separate the Ministry of Petroleum Resources from the Presidency to make it efficient. It urged the incoming federal lawmakers to ensure that they pass the Petroleum Industry Bill (PIB) as soon as […] …
BUSINESS
Nigerian Business News
Latest Nigerian and international business news and coverage from nigerianoracle.com. Including daily commentary, discussions and analysis
Nigerian Business News
Read about All $$$ BUSINESS NEWS $$$ in Nigeria. National and International ? ECONOMIC NEWS ? Actual NEWS on Economy, Business, Finance and Industry in Nigeria. only on nigerianoracle.com
Find Nigeria business news. Business news release. Business reviews and opinion on Nigeria. finance, real estate, technology, transportation, insurance, energy Industry and more.
LCCI praises CBN over MPR reduction
The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent. Its Director-General, Mr. Muda Yusuf in a statement said the action aligned with the clamour of the private sector. He […] …
Chamber seeks improved healthcare delivery through ICT
To improve healthcare delivery, there is the need for investment in Information and Communications Technology (ICT), the Nigerian-American Chamber of Commerce (NACC) has said. Its President, Oluwatoyin Akomolafe, said incorporating ICT into healthcare would improve the quality of health care, safety, and efficiency of public health service delivery. He also said it would also improve […] …
Shareholders commend Africa Prudential for sustained growth
Shareholders of Africa Prudential Plc have commended the board and management of the share registration company for sustaining its growth over the years, despite challenges in the operating environment. At the annual general meeting in Lagos, shareholders approved the payment of N1 billion as cash dividend for the 2018 business year, representing a dividend per […] …
Online ready-made foods to the rescue
Readymade online food services are becoming profitable ventures for investors in the Quick Service Restaurant (QSR) business, Jane Chijioke reports. To reduce the pressure of cooking in homes, she established an online food retailing service. Mrs Helen Onyeka Obasi founded Next Alternative Foods to make available homemade foods to customers who barely have time to prepare […] …
60 SON workers get training
No fewer than 60 workers of the Standards Organisation of Nigeria (SON) are receiving training on Alternative Dispute Resolution (ADR) in Enugu. SON Director-General Mr. Osita Aboloma, represented by the Director of Human Resources, Mallam Usman Abdullahi, said the workers were being trained on efficient service delivery. He noted that the training would make them […] …
‘Tax reform, digitalisation key to financing development’
Nigeria and other African countries must digitalise their economies, broaden their tax base, prevent further deterioration of fiscal and debt positions, and aim for double-digit growth to achieve the United Nation (UN) 2030 Sustainable Development Goals (SDGs) and the African Union (AU) Agenda 2063. These were the key highlights of the “2019 Economic Report on […] …
Apapa gridlock threatens $300m export-bound cashew
Gridlock and inefficiency at Lagos ports have delayed shipment of 50,000 tons of cashew nuts valued at $300 million and is threatening this year’s output as traders are cash-strapped. The kidney-shaped fruits from last year’s harvest should have been exported by January. Instead, they are still in containers on trucks waiting to enter the ports […] …
Huawei reiterates commitment to drive digital inclusion in Nigeria
Leading global Information and Communications Technology company, Huawei, has reiterated its commitment towards achieving a fully connected and digitally inclusive Nigeria. The Managing Director, Huawei Technologies Company Nigeria Limited, Zhang Lulu, disclosed this at a media parley in Lagos, stating that the company is focused on enhancing availability, assessability and affordability of ICT services by […] …
Nigeria, India to resuscitate over 500 skill centres
The Federal Government is seeking the collaboration of the Indian Government to boost Nigeria’s skill acquisition centres to enhance job creation across the country. The Minister of Labour and Employment, Dr Chris Ngige, who spoke when he received the Indian High Commissioner to Nigeria, Abhay Thakur, said the partnership would go a long way in […] …