World Bank backs Nigeria economic diversification plans

Nigeria Mining Week.

ABUJA, (CAJ News) – PLANS by Nigeria to place mining at the centre of diversifying the economy from the oil industry have received a timely boost from the World Bank. The bank announced it had developed a key partnership with the Federal Government and was still working along with some states that have higher mining potential. World Bank recently More...

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Ghana’s forests
By On Friday, May 5th, 2017
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Gas price hike a threat to Ghana’s forests

from MASAHUDU KUNATEH in Accra, Ghana ACCRA, (CAJ News) – THE price hike in liquefied petroleum gas (LPG), a major source of fuel for Ghanaians is hitting locals hard in the pockets as well as threatening More...

Seven Energy
By On Monday, March 27th, 2017
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Maheshwari new Seven Energy CEO

LAGOS, (CAJ News) – SEVEN Energy, the integrated gas company in southeast Nigeria, has appointed Manish Maheshwari as Chief Executive Officer.He succeeds Phillip Ihenacho, who had informed the company in 2016 More...

lagos traffic
By On Monday, March 27th, 2017
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SA firms upbeat at West Africa investment potential

LAGOS, (CAJ News) – SOUTH African businesspeople who participated in a week-long trade and investment mission to Ghana and Nigeria are optimistic of tangible results in the near future. The Department of Trade More...

internet uptake
By On Wednesday, March 22nd, 2017
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Economic troubles drive Nigeria internet adoption down

LAGOS, (CAJ News) – THE decline in internet subscriptions in Nigeria has been blamed on the West African country’s prevailing economic challenges. Latest data released by the Nigeria Communications Commission More...

By On Tuesday, March 21st, 2017
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Technology disrupting Africa’s financial sector

LAGOS, (CAJ News) – EXPERTS from around the continent will gather at Lagos, the economic hub of Nigeria to discuss the future of the financial services sector in the wake of a flurry of technologies rapidly More...

MTN
By On Friday, March 3rd, 2017
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MTN loses top Africa ranking after Nigeria troubles

MTN LAGOS, (CAJ News) – SAMSUNG, the electronics firm, has defied the controversy around its flagship model last year to emerge as the continent’s most-admired brand. It has knocked mobile operator, MTN, More...

By On Monday, February 27th, 2017
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Nigeria emerges a key market for Facebook

LAGOS, (CAJ News) – FACEBOOK has reiterated the importance of Nigeria as a key market.Chris Cox, Chief Product Officer at Facebook, made the sentiments in Lagos where he is to speak at the Social Media Week. “The More...

forex shortfalls
By On Wednesday, February 22nd, 2017
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Banks welcome CBN measures of foreign exchange

LAGOS, (CAJ News) – THE move by the Central Bank of Nigeria to channel over 370 million to the foreign exchange market is seen as a blow to the parallel market that has been thriving on the shortage of foreign More...

opec
By On Thursday, February 9th, 2017
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Global oil exporters cushion Boko Haram victims

MAIDUGURI, (CAJ News) – MORE than 2 million famine-stricken Nigerians are to benefit from an emergency assistance grant the World Food Programme (WFP) has secured from the Organisation of the Petroleum Exporting More...