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S.African Shoprite plans 700 grocery stores in Nigeria
Feb. 21 | Nigeria has the potential to become as big a retail market for South Africa’s Shoprite as its home base, the head of the supermarket chain said on Tuesday, playing down concerns of rising poverty in Africa’s most populous country. “Several...
Dangote Cement opens new $1 bln plant
Feb. 10 | President Goodluck Jonathan commissioning the Dangote Cement factory at Ibeshe, Ogun state, on Thursday. L-R: Alhaji Aliko Dangote, Gov. Ibikunle Amosun and Mr Femi Otedola. Photo: STATE HOUSE Nigerian manufacturing group Dangote has opened a one-billion-dollar...
The Geopolitical Stakes in Nigeria: The Curious Role of the IMF
Jan. 31 | Nigeria's Central Bank Governor Sanusi Lamido Sanusi (L), International Monetary Fund’s Managing Director Christine Lagarde (C) and Nigeria’s Finance Minister Ngozi Okonjo-Iweala at a joint press conference on December 20, 2011 in Lagos, Nigeria....
Explain it to me: The political-economy of fuel subsidy in Nigeria
Jan. 4 | By Yemi Ifegbuyi What does fuel subsidy mean? Subsidy means benefit given by the government to individuals or businesses whether in form of cash, tax reduction or by reducing the cost of goods and services. The purpose of subsidy is to help individuals...
Nigeria formally ends fuel subsidies
Jan. 1 | Associated Press – Nigeria is ending fuel subsidies, a move that is sure to be unpopular in the oil-rich nation where citizens have come to expect cheap fuel as one of their few government benefits, an official said Sunday. The Petroleum Products...
PZ Cussons’ oil palm plantation investment takes shape
Dec. 23 | Reuters – Consumer product maker PZ Cussons expects a $56 million palm oil refinery in partnership with Singapore’s Wilmar International to be operational by the third quarter of next year, the chief executive of Cussons’ Nigerian unit...
Abuja hosts Water Utilities West African conference
Nov. 26 | Water Utilities West Africa conference comes to Nigeria at a crucial time where the water infrastructure has degraded and there isn’t sufficient water delivery to all inhabitants. The urban areas have grown tremendously and there is a national call...
Magnaquest gains ground in broadband and pay tv services in Africa
Nov. 19 | Press Release: Magnaquest Technologies Ltd., the global provider of Billing, CRM and Service Fulfillment solutions provider has emerged as the most preferred vendor for ISPs, Data Centers and Pay TV service providers in Africa. The solution is preferred...
NEPAD at 10: Africa’s development takes shape
Oct. 24 | Richard Mkandawire, NEPAD's director of partnerships, resource mobilization and communications. Photo Credit: Africa Renewal In 2001, African leaders officially adopted the New Partnership for Africa’s Development (NEPAD) as the continent’s...
