Crisis Looms As Rail Contractor Demolishes Port Exit Gate
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the contractor handling the rail…
Category: Local
Kyari: It No Longer Makes Sense To Operate The Refineries
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the corporation deliberately shut down the…
Nigeria, Ghana, Others Move To Address Population Growth
Nigeria, Ghana and other West African countries on Thursday held a conference in Abuja to address human development issues on…
Crisis Hits Apapa Port As CCECC Demolishes Structures, Cripple Seaport Operations
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the contractor handling the rail…
FG Approves N30bn For Roads To Niger Republic
ABUJA—THE Federal Executive Council, FEC on Wednesday approved contracts for construction of two roads from Sokoto and Jigawa States up…
General Gowon Denies Looting ‘Half Of CBN’
Nigeria’s former Head of State, General Yakubu Gowon, has denied ‘looting half of Central Bank of Nigeria (CBN),’ saying he…
We Deliberately Shut Down Refineries – NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the country’s refineries were shut…
Nigeria: Smugglers Reign Large Despite Border Closure
As the Yuletide season approaches, more smuggled items — mainly foreign parboiled rice, tomato paste, frozen chicken and cars —…
Oil Falls To $47 As Fate Of OPEC+ Deal Uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping…
Naira In Big Trouble, Falls To N495/$1 At Black Market
The attempt by the Central Bank of Nigeria (CBN) to discourage Nigerians from seeking forex at the parallel market seems…
Nigeria: BPE Hands over Afam Power Plant to Transcorp
The Bureau of Public Enterprises (BPE) has handed over the Afam Power Plant in Oyigbo Local Government of Rivers State…
Nigeria’s Traditional Textiles Threatened By Chinese Imports
JOS, NIGERIA – Nigeria has been producing traditional, handmade, beautiful fabric designs for centuries. But preservers of the ancient art…
Nigeria To Strengthen Infrastructure Company To Boost Recovery
Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical projects in Africa’s biggest economy. The…
Naira May Head To N500 Against Dollar On Black Market Next Week
The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a…
FG Moves For Better Forex Access
As the naira sustains its sliding profile against the American dollar at the parallel market, Vice President Yemi Osinbajo, yesterday,…
Nigeria Argues Over The Writing On Its Banknotes
Some say Arabic script smacks unconstitutionally of Islam. Others shrug Malcolm omirhobo is no stranger to the Federal High Court…
Nigeria Weak On Innovation Infrastructure’
THE National Centre for Technology Management (NACETEM) yesterday said Nigeria was weak on innovation stressing the need for more investment…
Importers, Clearing Agents Lament As Railway Contractor Stalls Cargo Evacuation At Apapa Port
Cargo evacuation at APM Terminal, Apapa , were yesterday paralysed as the contractor handling the rail project at the Apapa…
CBN To Banks: Cut Service Cost
THE Central Bank of Nigeria (CBN) has advises banks and other financial institutions to reduce the cost of providing banking…
Naira Hits Record Low At The Investors And Exporters Window
Nigeria’s local currency, the naira fell to a record low of 393 naira 25 kobo to the US dollar at…
AfDB To Set Up Agro-Finance Fund
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that the bank is partnering with relevant…
#EndSARS: CACOVID To Rebuild 44 Police Stations, Donates N100bn For Arms
The Central Bank Governor, Godwin Emefiele, has said the Coalition Alliance Against COVID-19 will rehabilitate all the police stations that…
Nigeria: NPA Moves To Ease Tin Can Port Traffic
The Nigerian Ports Authority, Tin Can Island Port Complex, has assured stakeholders of better traffic situation along the port access…
This Recession Makes Life Difficult For Citizens And Increases Level Of Misery – DG LCCI, Yusuf
In this interview with NIKE POPOOLA, the Director-General, Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, speaks on the…
15-Month Border Closure: Manufacturers Fault Federal Govt, Committee Report Ready For Buhari
Stakeholders in the manufacturing sector, including the Manufacturers’ Association of Nigeria’s Export Group and the Abuja Chamber of Commerce and…
Alleged Members Of Nigerian Cybercrime Ring Arrested In Lagos
Three alleged members of a prolific Nigerian cybercrime ring have been arrested in Lagos, part of a larger group that’s…
ABCON Blames FX Speculators For ‘Forceful Devaluation Of Naira’
Last week, the Nigerian weakened to N484/$1. It only appreciated by N1 on Monday to trade at N483/$1 and as…
ABCON: $35.6b Foreign Reserves Enough To Defend Naira
The $35.6 billion foreign exchange reserves is enough to protect naira against attacks by currency speculators forcing the local currency…
CBN Flays Those Using Parallel Market Rate To Push For Naira Devaluation
Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t…
CAMA to be implemented from January 1, says CAC
The Corporate Affairs Commission (CAC) says it will begin the implementation of Companies and Allied Matters Act (CAMA) on January…