Modern-day Nigeria has been the site of numerous kingdoms and tribal states over the millennia. The modern state originated from British colonial rule beginning in the 19th century, and the merging of the Southern Nigeria Protectorate and Northern Nigeria Protectorate in 1914. The British set up administrative and legal structures whilst practising indirect rule through traditional chiefdoms. Nigeria became a formally independent federation in 1960, and plunged into a civil war from 1967 to 1970. It has since alternated between democratically-elected civilian governments and military dictatorships, until it achieved a stable democracy in 1999, with its 2011 presidential elections being viewed as the first to be conducted reasonably freely and fairly.
The company, which is Nigeria’s only listed leasing company also said it is optimistic that a new business model which it adopted, would help in driving revenue growth and further improve the profitability of its business from 2021 and beyond ... The leasing firm which has its ...
Retired top civil servants, former bankers, IT experts, and indeed, entrepreneurs of different hues are steadily embracing farming and giving a new lease of life to a vocation with boundless potential in Nigeria... These are all critical elements in the continuing growth of the agricultural sector in Nigeria.
Industry stakeholders have frowned at the reports indicating that one of Nigeria’s major carriers has acquired brand new Airbus A2020, saying that such a claim, which is false, is deceptive and should be discouraged by the regulatory authority, the Nigerian Civil Aviation Authority (NCAA) ... It was leased from another airline.
Nigeria’s Gross Domestic Product (GDP) grew by +0.51%(year-on-year) in real terms in the first quarter of 2021, marking two consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020 ... The agreement saw the renewal of Oil Mining Lease 118 for another 20 years.
Koku who farms 500 hectares of leased lands in the Kaduna State in Nigeria says farmers should be the ultimate decision makers – in collaboration with seed producing companies, whether small or multinational – when it comes to deciding on seeds that should be grown.
From an average of N179.17 million in January 2021, the cost of an apartment in Lagos coastal city that is being built on Victoria Island adjacent jumped 280.2 percent to N681.25 million in April, as analysed from data by the Nigerian property Centre (NPC), a property website in Nigeria with listings for sale, rent, and lease.
When clean energy dominate tomorrow, how will Nigeria fare?. As quoted in a recent article published by Forbes “Operating out of Lagos, Nigeria, Arnergy leases and sells what it calls solar energy systems—bulky cabinet-size apparatuses on wheels settled with solar panels and batteries that essentially serve as solar-powered generators.
Certainly, Nigeria needs a partner like China and the revocation of the Addax leases would have resulted to serious reputational damage to the country with possible dire unintended diplomatic consequences.
The statement read, “In line with the current administration’s commitment to the rule of law, fairness and enabling a stable business climate for investment, PresidentMuhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria...