US Senate votes to reimpose ban on China’s ZTE

The US Senate defied President Donald Trump on Monday by voting to overrule his administration’s deal with Chinese telecom firm ZTE and reimpose a ban on hi-tech chip sales to the company. Senators added an amendment targeting ZTE into a sweeping, must-pass national defense spending bill that cleared the chamber on an 85-10 vote. The […]

Four banks back Strides Group’s asset acquisition

Strides Group has said its acquisition of the mortgaged assets of the Rivers Vegetable Oil Company Limited was supported by four banks. The company said in a statement on Monday that the multi-billion naira deal was signed in Lagos by UBA Capital Trustees on behalf of a consortium of four banks, namely Guaranty Trust Bank […]

Business reforms key to macroeconomic stability – PwC

Feyisayo Popoola PwC Nigeria has said investment in business environment reforms is critical to sustaining macroeconomic stability in the country. The professional services firm said in a report that structural reforms would pave the way and lay the foundation for long-term sustainable growth in the broader economy. The report, titled ‘Structural transformation and jobless growth […]

Key steps for negotiating with buyers

Real estate investment involves a lot of negotiation either as a buyer or as a seller. In order to get the best deals in either roles you need to understand a few things about negotiation. When you are the seller the way you view a transaction is significantly different from that of a buyer, but […]

Mushroom farming: small idea, big business

Mushroom farming has become an alternative for vegetable farmers as it offers them new business opportunities. Mushroom farming is thriving now in Nigeria because it was neglected and overlooked. Mushroom cultivation can yield quick money if the farmer understands the practical details of the modern techniques and type of species that are in high demand […]

FirstBank to hold corporate sustainability week

Feyisayo Popoola First Bank of Nigeria Limited has announced plans to begin the second edition of its Corporate Responsibility and Sustainability Week. The bank said in a statement that the event, scheduled for this week, would offer its employees the opportunity to give their time and resources in the service of humanity. According to the […]

Abuja airport records 1.02m passengers in Q1 — FAAN

The Federal Airports Authority of Nigeria, says that no fewer than 1.02 million passengers travelled through the Nnamdi Azikiwe International Airport, Abuja during the first quarter of 2018. FAAN’s First Quarter Report obtained by the News Agency of Nigeria, on Monday, in Abuja showed a 38.9 per cent growth from 623,727 recorded during the same […]

Google to invest $550m in China e-commerce giant

Google will invest more than half a billion dollars in China’s second-largest e-commerce company as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which poses a challenge to Amazon. […]