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Nigerian economy climbing out of recession

Market Growth Index above 50 for the first time in 11 months …Monthly sales pick up sharply in March March Sales Managers’ Index (SMI) data compiled by research institute, World Economics, suggests that the Nigerian economy is starting to grow out of the recession which saw 10 months of consecutive

Why Shoprite’s Nigerian expansion slows despite huge sales – Official

South African retail outlet, Shoprite, has said that expansion in Nigeria will face hurdles in 2017 due to dearth of shopping centers. Reuters reports that the new Chief Executive, Pieter Engelbrecht, who took the reins from stalwart Basson in January, noted that the retailer would only open two stores in the

British Council honours 4 Nigerian schools

Four Nigerian schools have been honoured by the British Council for implementing core teaching and learning skills that shaped global thinking and built global citizens. Precious Idaewor, spokesperson of the British Council in Nigeria, said in a statement that the awardees included Hallel College, Port-Harcourt; Oxbridge Tutorial College, Lagos; Redeemer’s International

We Promised Change And It Has Come – Lai Mohammed

Nigeria’s minister of information, culture and tourism Lai Mohammed has admitted that the ruling party was overwhelmed with the level of madness, indiscipline and impunity in Nigeria. According to him, the party was not prepared for the level of rot the administration met on ground when they came into power

FG Seals $1.5 Billion Chinese Loan Deal For Lagos-Ibadan Rail

The proposed $1.5 billion (about N450 billion) counterpart funding from China for the Lagos-Ibadan rail project set to commence in March, has been secured by the Federal Government The Minister for Transportation, Rotimi Amaechi, made the disclosure on Wednesday when he appeared before the Gbenga Ashafa-led Senate committee on land transport