Category: BUSINESS
Tesla Powerwall: Is this the future of electricity?
Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The CEO of electric car maker Tesla Motors hopes to park...
Report on $20bn ‘missing’ oil money reveals shoddy business practices
A forensic audit report by PricewaterHouseCoopers (PWC) on Nigeria ‘missing’ oil money shows that government agencies in charge of handling crude oil revenues are...
Top African innovators compete for $150,000 innovation prize
Top 10 innovators from across Africa have been selected to compete in the final phase of this year’s Innovation Prize for Africa (IPA) awards organized by the...
The Abraaj Group closes third sub-saharan Africa fund at US$ 990 million
- Dedicated African private equity fund to focus on growth investments in Sub-Saharan businesses supporting the rapidly growing urban consumer class -...
S.African Shoprite plans 700 grocery stores in Nigeria
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...
Dangote Cement opens new $1 bln plant
Nigerian manufacturing group Dangote has opened a one-billion-dollar cement plant near the economic capital Lagos, one of the largest investments in the oil-rich west...
The Geopolitical Stakes in Nigeria: The Curious Role of the IMF
By F. William Engdahl The Geopolitical Stakes in Nigeria: The Curious Role of the IMF Nigeria, Africa’s most populous nation and its largest oil producer, is from all...
Explain it to me: The political-economy of fuel subsidy in Nigeria
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...
Nigeria formally ends fuel subsidies
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...
PZ Cussons’ oil palm plantation investment takes shape
Reuters - Consumer product maker PZ Cussons expects a $56 million palm oil refinery in partnership with Singapore’s Wilmar International to be operational by...
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