We are pleased to announce the appointment of Mr. Olusola Obadimu, 57, as Director-General of Nigerian-American Chamber of Commerce with effect from Wednesday, 1st of July, 2020. This, in a statement signed by the National President, Nigerian-American Chamber of Commerce Otunba Oluwatoyin Akomolafe. Sola has a B.Sc in Chemical Engineering, M.Sc in Economics and MBA in Marketing…
Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report. Reuters reported recently that investors were put off by a dispute between the government and South African telecom giant MTN over repatriated profits. Banks HSBC and UBS both closed representative offices there in…
Most Nigerians are aware that our economy is in dire straits. The economic indices bear witness. Low oil prices, foreign exchange scarcity resulting in rationing, low Naira value against foreign currencies, growing, inflation, chronic fuel scarcity, electric power scarcity, worsening unemployment and overall low GDP growth. Many other comparative indices are also on the decline;…