Mr Edet Effiong Uliong, Ship Captain By Our Reporter Mr Edet Effiong Uliong, a ship captain, has observed that despite widespread complaints about economic hardship and rising inflation in Nigeria, the country continues to attract growing interest from foreign nationals. UliÂong said that in many countries he has visited, people express a strong desire to…
By Joe Udo “If I could use only a few words to describe Aliko Dangote, I would say he is indefatigable, resilient, and foresighted. He is one of the greatest African entrepreneurs of our time. As founder of the Dangote Group, he has financed and manufactured everything from cement to sugar to oil, and recently,…
By Our Reporter Nigeria’s Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding (MoU) with India-based Rashmi Metaliks Group to boost investment in Nigeria’s steel sector. A statement signed by the head of Press and Public Relations, Ministry of Steel Development, Salamatu Jibaniya says the agreement, signed in Kolkata…
Gov. Umo Eno By Etim Etim The core investor of Ibom Deep Sea Port, Bollore Consortium, will operate the port for 50 years to recoup its investment, according to the approval granted by the federal government. The port is currently owned 60% by the private investor and 40% by the Akwa Ibom State government. But…
By Frank Ulom ABUJA (CONVERSEER) – The Central Bank of Nigeria, CBN, has debunked a claim that Polaris Bank is undergoing a liquidation process for not being able to comply with Nigeria’s recapitalisation deadline. In an X (Twitter) post on Thursday evening, the apex bank quickly labelled the claim as fake, reassuring everyone that the…
By Joe Udo LAGOS (CONVERSEER) – A joint report by the African Union and the African Development Bank has raised concerns over the growing economic risks the ongoing Middle East conflict poses to African countries. The report warns that the war could significantly increase the cost of living across the continent while slowing economic growth,…
