Only 4 International Flights Allowed Daily In Nigeria
The federal government has said that it will allow only four international flights into the country a day, that is…
Category: Local
Fuel, Electricity Price Hike: Get Set for Nigeria’s Break Up — Primate Ayodele
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has reacted to the recent increment in electricity tariffs and…
Sanusi: Naira Devaluation Will Continue Unless Nigeria’s Imports Reduces
Muhammed Sanusi, former governor of the Central Bank of Nigeria (CBN), says the devaluation of the naira will continue unless…
Nigeria Sells Dollars To Ease Backlog Trapping Foreign Funds
The Nigerian central bank has started to sell dollars to clear a backlog of demand for the greenback that has…
Customs Rates Border Closure Successful
One year after the nation’s borders with her neighbours were shut under the aegis of a joint military and paramilitary…
Forex: CBN Sold $500m, Speculators Set To Count Losses
Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge…
Nigeria: Ogun, Lagos Seek To Take Over Lagos-Ota-Abeokuta Road From FG
The Ogun State Government has approached the Federal Government to request for authorisation to rehabilitate, reconstruct and commercialise the Lagos-Ota-Abeokuta…
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point To Further Devaluation
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is…
Nigeria: Coconuts Can Contribute Over $400bn To Nigerian Economy Annually
The President, National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Nma Okoroji, has said coconuts can help generate…
Nigeria: Why We’re Borrowing – DMO
Abuja — Federal government’s borrowings are fuelled by persistent budget deficits, the Director-General of the Debt Management Office, DMO, Ms.…
Jeep Grand Wagoneer SUV to top $100,000 as brand’s luxury flagship
DETROIT – Fiat Chrysler’s long-awaited Jeep Grand Wagoneer SUV will top $100,000 – likely making it the brand’s highest priced…
Nigerians’ Concerns Should Be How Loans Are Utilised
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with…
Cost Of Doing Business At Nigerian Ports Will Be Reduced Soon
In this interview with LEADERSHIP, the chairman, House Committee on Ports and Harbour, Hon Garba Datti Mohammad is optimistic that…
NIS Implements Procedures On International Flights Resumption
The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede has implemented procedures for international flights resumption and visa payment.…
Nigeria: Push For Airport Development
The role of collaboration in developing critical air transport infrastructure for accelerated economic development continues to gain traction between Federal…
Nigeria Says Can Tap Mineral Wealth Despite COVID, Unrest
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar,…
Nigeria: Lagos To Establish Coconut Processing Factory In Badagry By 2021
The Lagos State Government says it will establish a coconut processing factory in Badagry to further optimize the use of…
Sirika Restructures NCAA, Sacks Directors
A major restructuring of the Nigeria Civil Aviation Authority, NCAA, was done Wednesday by the Minister of Aviation, Senator Hadi…
NBS: Nigeria Imported Almost Double Its Export In Q2
Nigeria’s trade deficit ballooned by 92 percent between the first and second quarter of 2020 on the back of increased…
Nigeria Loses $55 Million Daily To Port Congestion
Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by…
AMCON Seeks NASS Support In N5 Trillion Debt Recovery
As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly…
Nigerian Independents Tackle Market Volatility
Since the Federal Government of Nigeria enacted its Local Content Law in 2010, several indigenous operators – Atlas Petroleum International…
Euro Breaks Through $1.20 As Dollar Sell-Off Gathers Pace
The euro broke through the $1.20 mark for the first time since 2018 on Tuesday and the dollar slipped to…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar,…
Nigeria: Adesina Sworn-In For Another Term As AfDB President
Dr Akinwunmi Adesina has been sworn as President of the African Development Bank (AfDB), to serve another five-year term. The…
Businesses May Not Normalise Till August 2021
Businesses and brands, hoping to return to ‘winning ways’ soon, after the devastating effects of the COVID 19 pandemic, may…
Nigeria: Interim Report On Magu False, Says Defence Counsel
Following controversy over the fate of his client, counsel to the suspended Acting Chairman of the Economic and Financial Crimes…
Nigeria: Tinubu Congratulates Adesina On Re-election As AfDB President
The National Leader of All Progressives Congress, APC, Asiwaju Bola Amhed Tinubu, has felicitated with Nigeria’s former Minister of Agriculture,…
Nigeria: FG Reforms Target World Bank High Ranking
The Federal Government says the Presidential Enabling Business Environment Council (PEBEC) reforms are geared towards enhancing Nigeria’s high ranking in…