Category: Business

Dangote oil refinery to commence production this year

Emporium Reporters

Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete and “hopefully before the end of third quarter we should be in the market,” Aliko Dangote, chairman of Dangote Industries Limited, said in a briefing at the plant site in Lagos. The plant will start with a processing capacity of 540 000 barrels a day, Dangote said. “Full production can start maybe, by the end of the year or beginning of 2023,” he said.…

Development of Minna City Centre ‘ll improves Socio-economic growth of Niger – SSG

Emporium Reporters

The Secretary to the Niger State Government (SSG), Ahmed Ibrahim Matane has stated that the development of the moribund Minna City Center would improve the socio-economic growth of the State. Ahmed Matane disclosed this when he received a cheque of Four Hundred million Naira meant for the purchase of three hectres of the land of Minna City Centre representing 1/3 of the land presented to him in his Office by Alhaji Mohammed Sirajo, Executive Director, Jaiz Bank. The SSG further explained that the Minna City Centre which is situated in…

WHAT INVESTORS LOOK FOR IN A START-UP …the availability of consistent cash flow makes a start-up investment ready

Emporium Reporters

A start-up needs investments in order to reach out to its numerous customers especially when the demand for their product or service is high. The major reason for investments in start-ups is the steady growth experienced. Start-up founders need to understand that an investor is not a friend but an enabler with financial capability to help sustain the growth of the business, who in turn expects to get returns in the form of dividends or equity in the overall stake.   Investments in a start-up could be by a venture…

How Ecommerce Using Social Media Platforms is Creating a Market for Online Shoppers and Vendors

Emporium Reporters

The emergence of ecommerce in Africa has seen online shoppers take advantage of the convenience it offers, as goods can now be delivered directly to their doorsteps while they also have the flexibility of selecting the payment channel either using their debit cards or payment upon delivery option. However, as ecommerce continues to evolve and shape how business is done, there are numerous challenges that has been associated with making orders online, these challenges if unresolved over a long period of time, would make the trust the customer has to…

NiDCOM, NIDO Russia call for more Diaspora Investment

Emporium Reporters

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission, (NIDCOM) has applauded NIDO Russia for facilitating investment opportunities back to the country. Dabiri-Erewa made this statement while receiving the ‘Fact Finding Trade Mission’ from Russian Federation led by Amb. Abdullahi Shehu, Nigerian Ambassador to Russia, in Abuja. “it is noteworthy that this investment is facilitated by our Diaspora “ She said, added that the visit was coming shortly after the just concluded Nigeria Diaspora Investment Summit (NDIS) which has as its vision “A Nigerian economy promoted by Diaspora investors and partners”…

Diaspora, an Economic and an Investment factor – Dabiri-Erewa

Emporium Reporters

The Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) Hon Abike Dabiri-Erewa yesterday in Abuja addressed the media to kick-start the 4th Edition of the Nigerian Diaspora Investment Summit (NDIS). Hon Abike Dabiri-Erewa described the Nigerian Diaspora as an established economic factor and becoming an investment factor imperative. In her words, “ We always talk about Diaspora Direct Investment. We should also be talking about Diaspora Direct Investment “. The NIDCOM Boss added that this NDIS is being organised following the government’s current emphasis on providing unprecedented support for the small business…

Nigeria Diaspora Investment Summit ‘ll attract more investments to Nigeria – NiDCOM Boss

Emporium Reporters

The Chairman/CEO,Nigerians in Diaspora Commission,NiDCOM,Hon.Abike Dabiri-Erewa has stated that Nigerian investors across the globe have been encouraged by the commission to channel more of their investments into key sectors of the Nigeria’s economy. Dabiri-Erewa disclosed this at the press briefing with the theme “Diaspora Partnership and Linkages for Post-Covid Economic Growth” on Tuesday in Abuja, ahead of the 4th Nigeria Diaspora Investment Summit, NDIS by the Nigerians in Diaspora Commission, NiDCOM scheduled to hold 16th and 17th, November, 2021.   Hon.Abike Dabiri-Erewa said this year’s summit is apt, given government’s current…

Gov Sani Bello seeks Cooperation In Technology Transfer Between Nigeria, Turkey

Emporium Reporters

Niger State Governor and Chairman North Central States Governor’s Forum (NCSGF), Abubakar Sani Bello has described Nigeria-Turkey bilateral relationship as mutually beneficial. The Governor, who spoke at the Turkish-Nigeria Business Congress (TNBC) held in Istanbul, Turkey,identified technology transfer as fundamentally necessary to the growth and development of Nigeria, stressed the need for cooperation with the Turkish government in that direction. He said investment opportunities abound in Nigeria, but that the courage to take positive economic decision, open up and the will to invest in various aspect of comparative advantage by…

Nigeria’s eNaira Platform records One Million hits ahead of October launch

Emporium Reporters

A few hours after the official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, enaira.com, went live, it has recorded over one million hits. This comes one week before the planned launch of the initiative.   The development could pass as a reflection of the level of interest in the proposed digital currency.   According to information made available on the website, the digital currency will ensure easier financial transactions for users of eNaira. It offers the opportunity for peer-to-peer payments which allow users to send money to one…