Investments In 44 Free Trade Zones In Nigeria Nets $27billion
Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director, Nigeria…
Category: Local
Nigerian Govt Reacts To Conviction Of 6 In UAE For Wiring $782,000 To Boko Haram
The Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, on Monday confirmed that six citizens of the country, have been convicted…
FG Shouldn’t Open Borders For Only Dangote, Says Peterside
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is allowed to…
FG Gives Committee Six Months To Sell Forfeited Assets
The federal government yesterday gave a six-month timeline to the Committee on Disposal of Forfeited Assets to dispose of all…
DJ Switch #EndSARS Heroine Flees Nigeria
DJ Switch: said to be out of Nigeria because of death threats DJ Switch, the lady who streamed live the…
Why We Are Rebuilding Lekki/Epe Expressway 40 Years After’
The Lekki/Epe expressway has been a death trap and a haven for criminals because of its deplorable condition. Constructed 40…
NCDC Links Delta, Enugu ‘Strange Deaths’ To Yellow Fever
The Nigeria Centre for Disease Control (NCDC) has attributed the recent strange deaths in Delta and Enugu states to an…
Nigerian Oil Workers Set Strike Over IPPIS
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for days yet to be over,…
#EndSARS Protest Disruption Costs Economy N1.5tn – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and…
Petrol Scarcity Looms As Oil Workers Down Tools
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been…
Family Kicks As Six Nigerians Are Jailed In UAE For ‘Funding Boko Haram’
In April 2019, the Abu Dhabi federal court of appeal sentenced Surajo Abubakar Muhammad and Saleh Yusuf Adamu — two…
Rewane: Protests To Prolong Economic Recovery By Three Months
Nigeria’s economic recovery from the impact of the COVID-19 pandemic as well as the slump in crude oil prices will…
Nigeria To Lose $24bn Oil, Gas Investments In Six Years
By Michael Eboh Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025,…
Nigeria’s Central Bank Freezes Accounts Of Police Brutality Protesters
Nigeria’s central bank froze the accounts of 20 people linked with anti-police brutality protests after receiving a court order, the…
#EndSARS: Controversy over court order to freeze accounts of 20 promoters
Controversy has trailed the exparte order obtained by the Central Bank of Nigeria (CBN) to freeze the accounts of 20…
Nigeria: If You Thought 2020 Was Bad, Brace Yourself For 2021
Nigeria needs to brace for an extended foreign exchange rate crisis as oil markets face a tough year-end, which analysts…
Over 82.9 Million Nigerians Currently Living Below Poverty Line
With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get…
Shipping Can Contribute 5% To GDP Annually – NIMASA Boss
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has…
FG To Establish Solid Minerals Processing Hubs
The Federal Government plans to establish solid mineral processing hubs in the six geopolitical zones of the country. While speaking…
FG Requires $656m To Complete Lagos-Ibadan Rail Line
The Minister of Transportation, Rotimi Amaechi on Friday said that the Federal Government requires the sum of N $656million to…
Buhari Admits Nigeria Is Facing ‘Turbulent Times
Nigeria’s President Muhammadu Buhari on Thursday ruminated on Nigeria’s current economic situation, admitting that the country is facing “turbulent times”.…
Nigeria Reaching Maximum Borrowing Capacity
Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the…
Local Currency Depreciates To N464/$1 At Black Market
The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4 as it lost N1 to…
FG Considers Passport Ban For Passengers Breaching COVID-19 Test
The federal government has threatened to prevent travellers who refuse to make themselves available for compulsory PCR test, seven days…
Nigeria, Third Highest Destination Of Used Cars From U.S.
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at Schiphol…
Nigeria Not Military State, Release Moe’s Passport – Ezekwesili
A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and relevant authorities over the…
FG Clamps Down On #EndSARS Promoters, Freezes Accounts
There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS protests by…
Nigeria’s Debt To Hit N38.6 Trillion By December 2021
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National Planning, Zainab…
Police Brutality Activist Says She Was Barred From Leaving Nigeria
Nigerian immigration officials blocked a prominent anti-police brutality activist from leaving the country and confiscated her passport, she told Reuters…
6,800 Nigerian Students In China – Envoy
The Charge d’Affaires of the Embassy of China in Nigeria, Mr Zhao Yong, has said people-to-people exchange between China and…