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Local Business

SMEs: Avoid banks, Seek Angel investors for funding – Expert warns

Budding entrepreneurs who attended the first edition of the Nigerian Small Business Summit on the 24th August at the Landmark event centre were warned to stay away from bank loans at the start of their businesses. Mr. Kushal Dutta, Managing Director of Africa’s number one hotel booking portal Jumia Travel Nigeria, gave the warning during a panel discussion on the …

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Top 5 ways the current economic crisis is affecting Nigerians

It is no secret that the Nigerian economy is in crisis. In the last six months, the official Nigerian currency, Naira, has fallen by almost 50% and there has been an increasing change in the price of goods and services. With pay increases lagging behind and the inflation soaring, the wallet of most Nigerians continue to take a beating as …

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ND Avengers tells NUPENG, PENGASSAN to vacate oil fields

The ravaging Niger Delta Avengers on Wednesday called on members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN and foreigners to leave oil fields and terminals in the Niger Delta because “it is going to be dirty very soon”.

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TCN announces one-day complete power outage in some parts of Lagos

The Management of Transmission Company of Nigeria (TCN), Lagos Region, on Sunday announced a one-day power outage in some parts of Lagos on Monday to effect repairs. TCN announced the outage in a statement by its Public Relations Officer, Mr Celestina Osin, in Lagos. The statement said the areas that would be affected include Ikoyi, Victoria Island, Alagbon, Apapa, Ijora, …

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Buhari removes Kachikwu as GMD of NNPC

President Muhammadu Buhari has removed Dr. Ibe Kachikwu as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), he has also appointed Dr Maikanti Kacalla Baru as the new GMD of the Corporation.  

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