Nigeria Loses $1 Trillion Annually to Dependence on Foreign Ship Owners
Nigeria is losing an estimated $1 trillion annually due to its dependence on foreign ship owners for the import and export of goods. This is according to Greg Ogbeifun, a member of the former Presidential Committee of Fleet Expansion and CEO of Starz Marine and Engineering Ltd. Ogbeifun made the disclosure at a one-day event with the theme "Ships,...
NLNG to Sustain Cooking Gas Market with 1.3mmt, Blames Upswing in Prices on Macroeconomic Factors
Nigerian LNG Limited (NLNG) has blamed the upswing in cooking gas prices on three major factors, around domestic macroeconomic developments as well as global factors. The company also indicated that it would sustain the market with about 1.3 million metric tons of cooking gas. In a statement yesterday, the company said: "The cooking gas market is affected by many factors,...
Saudi Arabia and Nigeria Sign Energy Cooperation Deal
Saudi Arabia and Nigeria have signed a Memorandum of Understanding (MoU) on energy-related cooperation, according to Saudi Arabia's energy minister, Abdulaziz bin Salman. The MoU was signed during the Saudi-Arab-African economic conference in Riyadh on Thursday. The MoU covers a wide range of areas, including oil and gas production, refining, and petrochemicals. It also includes cooperation on renewable energy and...
China-Nigeria Trade Flourishes, Reaching $17.25 Billion in First Three Quarters of 2023
The bilateral trade volume between China and Nigeria in the first three quarters of 2023 stood at $17.25 billion, the Consul General of China in Lagos, Yan Yuging has said. Yuging disclosed this at the China Commodities Expo-Nigeria Lagos, recently. The Consul noted in his address at the forum that Nigeria is also China's biggest contractor market and a...
CBN Clarifies: Old, New Naira Notes Remain Legal Tender
The Central Bank of Nigeria (CBN) has moved to dispel rumors of a possible cash scarcity in the country, reiterating that all denominations of banknotes issued by the CBN remain legal tender. The CBN has also directed its branches across the country to continue to issue different denominations of old and redesigned banknotes in adequate quantities to deposit money...
Net-Works Business Club to Host Economic Business Summit
The Net-Works Business Club, a leading business community initiative, will host an Economic Business Summit on November 10, 2023, at the Metropolitan Club, Victoria Island, Lagos. The summit, themed "Economic Recovery, Strategies for Growth and Sustainability: The Way Forward for Nigeria," will bring together elite business leaders, industry titans, and key decision-makers to discuss innovative solutions to business growth...
Navigating the Digital Landscape: Six Strategies for Modern Marketing and Sales Success
In today's dynamic business environment, technology is revolutionizing the way companies market and sell their products and services. Embracing these advancements is no longer an option; it's a necessity for business survival. Companies that fail to adapt risk falling behind in this increasingly competitive landscape. One compelling indicator of this shift is the prediction that by 2030, 85% of customer...
10 Fashion Trends That Will Dominate Men’s Fashion in 2023
As the fashion landscape constantly evolves, men's fashion trends in 2023 are set to reflect a desire for self-expression, comfort, and sustainability. From bold statements to relaxed comfort, these 10 trends are sure to make a splash in the men's fashion world this year. ...
The Vibrant Colors of Kente Cloth and Their Meanings
Kente is a handwoven textile that originated in Ghana and is known for its vibrant colors and intricate patterns. Each color and pattern has a specific meaning, making Kente cloth a rich source of symbolism and cultural expression. The Meaning of Kente Cloth Colors Gold: royalty, wealth, and leadership. Gold is often associated with the Ashanti people, who were among the first to...
Lagos Unveiled as Africa’s Premier Financial Hub at Lord Mayor’s Show
In a landmark move, Lagos State and EnterpriseNGR have been invited to participate in the prestigious Lord Mayor's Show's 805th procession in London, marking the first time African representatives have been included in this historic event. This invitation serves as a resounding endorsement of Lagos State's commitment to excellence and its growing economic prominence. The inauguration of the Lagos International...
