IEA tips Nigeria, others to drive surge in global oil production

Paris-based International Energy Association says that oil producing countries like Nigeria, Venezuela, Libya, Iraq and Iran has the potential to drive a surge in global oil production but also that higher oil prices will have consequences for the economies of developing countries. In the organisation’s latest oil market report, IEA global demand and supply are……

New housing delivery programme targets small, affordable units for workers

In the Nigerian housing market, affordability remains a relative term for too long, but in a new ‘National Affordable Housing Delivery Programme for Nigerian Workers’ that will be taking off almost immediately, a clear definition of affordability has been made to mean ‘low cost’ housing for workers. With N18,000 minimum wage per month, Nigerian workers……

Petrochemicals party is on but Nigeria finds no seat

Petrochemicals are set to drive growth in world oil demand and Nigeria can benefit in the long run, if it puts its acts together and encourages strategic private sector investment into its petrochemicals industry. Petrochemicals are components derived from oil and gas that are used in daily products such as plastics, fertilizers, packaging, clothing, digital……

Of SME’s, employment and jobs

In emerging economies, Small and Medium Enterprises (SME’s) contribute up to 60% of total employment and up to 40% of national income (GDP) and these numbers are significantly higher when informal SMEs are included in the data. In Nigeria, as at 2017, 37 Million SME’s existed and accounted for about 48% of Nigeria’s GDP. A……

Nigeria’s poor economic performance

A recent analysis by BusinessDay shows that the economic policies of the Buhari administration have had a deleterious effect on the stock market over the last three years. The Nigerian Stock Exchange broad index has only gained one percent in the last three years compared to the gains under former president Jonathan and Obasanjo which…

Adron Homes excites property buyers, partners Samsung on free smartphones

Amid the lull in the Nigerian property market which reflects the state of the economy, Adron Homes, a foremost real estate investment firm, has brought excitement into the market, offering buyers the opportunity to own any of the newest models (X9, J4+, J6) of Samsung smart-phones. Recently, the company, in commemoration of Nigeria’s 58th independence……

Over 150, 000 athletes to compete at 4th Access Bank Lagos City Marathon

No fewer than 150,000 athletes both locally and internationally are expected to participate in the 4th Access Bank Lagos City Marathon next year. Gov. Akinwunmi Ambode of Lagos State, made the disclosure on Monday at a news conference in Alausa, to officially announce the commencement of preparations for the marathon billed to hold on Feb….