Leverage Agriculture To Boost Foreign Exchange Earnings, NBCC President Advises
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in the agriculture sector can…
Category: Local
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended…
FG Extends Suspension Of New Electricity Tariff By One Week
The federal government and the organised labour last night resolved to extend the suspension of the new electricity tariffs by…
Retirement Age Increase Worsens Youth Unemployment –ABCON
The Association of Bureaux De Change Operators of Nigeria has cautioned the government against increasing the retirement age. ABCON stated that…
Nigeria Imports Paper Worth N3tn Annually
The President/Chairman in Council, Chartered Institute of Professional Printers of Nigeria, Olugbemi Malomo, in this interview with NIKE POPOOLA, speaks…
AfCFTA Take-Off: Nigeria Remains Most Sought-After Bride
Ahead of the planned takeoff of the much hyped African Continental Free Trade Agreement (AfCFTA) in January 2021, for the…
Nigeria At 60: Whither The Capital Market?
Not unmindful of the floatation of a development stock by the Colonial government in 1946, the doors of a formal…
SARS Ban: Nigeria Abolishes Loathed Federal Special Police Unit
Nigeria has dissolved the special police force at the centre of protests against police brutality. The government said a special…
Nigeria Cherry-Picks Airlines
Nigeria has granted daily traffic rights to British Airways, Virgin Atlantic, and Turkish Airlines, while continuing to ban other European…
NEPC, Operators Seek National Carrier To Boost Non-Oil Export
While building the capacity of non-oil exporters is key for market penetration, the country needs a national carrier to further…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
The Federal Executive Council (FEC) has given the go-ahead for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri Eastern Narrow…
Senate Probes CBN, NNPC, DPR, Others Over Crude Oil Exports Account
The Senate has launched investigation into the activities of the Central Bank of Nigeria (CBN), the Nigeria National Petroleum Corporation…
Worries Over $2b Forex Demand Backlog – Nigeria
Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2 billion.…
Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years
Nigeria’s foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has shown. Nigeria,…
Nigerian Police Personnel Banned From Searching Phones, Laptops
Nigeria’s Inspector general of police Mohammed Adamu on Sunday banned personnel of the police from indiscriminate searching of mobile phones…
$10 Billion Is Lost Annually To Illegal Fishing
The Minister for Transportation, Mr. Rotimi Amechi, has revealed that US$10 billion is lost annually to illegal fishing, stating that…
Record-Breaking $86bn Debt Leaves Nigerians Stunned
Nigeria’s debt of $85.9 billion, the highest in history, has become the talking point even as the country celebrates its…
CBN: Nigeria’s Foreign Reserve To Drop Below $34.3bn By December
The Central Bank of Nigeria (CBN) says Nigeria’s foreign reserves will drop below $34.3 billion by the end of December…
€85 Mn Of Cargo Thefts From Supply Chains In EMEA In H1 2020: TAPA
Over €85 million of products were stolen from air, road, sea and rail freight supply chains in 46 countries in…
NSE Set To Launch West Africa’s First Exchange Traded Derivatives
There are indications that the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange, NSE…
Nigeria Accounts For 80% Capital Flight In West Africa
The United Nations Conference on Trade and Development has released a report decrying the illicit financial flows from Africa, saying…
Why Nigeria Must Restructure Or Risk Breakup
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the Federal Government to give…
Buhari: It Makes No Sense To Sell Petrol Below Saudi’s N168/Per Litre
President Muhammadu Buhari, on Thursday morning, said it makes no sense for petrol to be cheaper in Nigeria than Saudi…
Next Africa: Nigeria’s Buhari Stakes His Legacy On Oil Reform
Nigerian President Muhammadu Buhari has been derided by critics as inept and indecisive on the economy, with some giving him…
CBN Says Nigerian Youth Investment Fund Is Coming Soon
The Central Bank of Nigeria (CBN) has announced that its Nigeria Youth Investment Fund (NYIF) will soon be disbursed. The…
FG Will Complete $1.6bn Lagos-Ibadan Railway December
The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation,…
Drydocks Begins Nigeria Project
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, held a steel-cutting ceremony to…
Nigeria Spends $5bn On Food Import, $1.5bn On Milk Annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually…
Nigeria May Sell Stake In State Oil Company In Industry Overhaul
A long-awaited bill that could reorganize the petroleum industry of Nigeria, Africa’s biggest crude producer, makes provision for a possible…
Manufacturers’ Outstanding Dollar Demands Hit $729,450,430
The inability of manufacturers to access foreign exchange for the importation of raw materials, equipment and machinery has led to…