Nigeria Can Develop without Oil - Osinbajo

Nigerian Vice President, Yemi Osinbajo,  says Nigeria does not need oil to develop.

The drop in oil prices not withstanding, Nigeria has everything it needs to build and sustain a vibrant economy, Vice President Yemi Osinbajo has said.

“This country has practically what it takes to run a solid economy that is not dependent on oil, but on business and commerce,” the Vice President said Monday during a meeting with a group of international investors looking to invest in the country in the light of the new administration.

Good News For Nigerian Importers From China's Alibaba

Alibaba's latest gambit in fighting fakes: foster local brands

PUTIAN, China - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.

In the coastal city of Putian, in Fujian province, Alibaba is working with 17 shoe manufacturers to cultivate home-grown brands online, revitalize a flagging industry and offer would-be counterfeiters an alternative source of livelihood.

Critics say the scheme is misguided and Alibaba should instead focus on scrubbing its online marketplaces of widespread listings of fakes.

Arsenal football club for sale? Aliko Dangote still wants to buy

 
Nigerian business tycoon and Africa's richest man, Aliko Dangote is still ready to buy one of English premier league football biggest team, Arsenal FC.

Despite failed attempts to buy the club in 2010, Dangote is still positive on getting a stake in Arsenal.

Arsenal Holdings Plc, owners of Arsenal Football Club is valued at $1.49bn. while Dangote an Arsenal fan is worth $15.7 billion.