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…
Category: Local
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…
Nigerians Chased Into Dubai Desert
Early last week a viral video of Nigerians allegedly chased into the desert of Dubai in the United Arab Emirates,…
Hurdles Await Foreign Carriers As Flight Resume Sept 5
Foreign airlines jostling for the Nigerian routes might be in for fresh hurdles as the Federal Government has raised the…
Syndicate That Specialises In Moving Funds Through SIM Card Arrested
Detectives attached to the Nigeria Police Zone 2 Command Headquarters, Onikan, Lagos State have arrested five suspects for allegedly moving…
Nigeria: Pilot In The Crashed Bell Helicopter Confirmed As Chika Prudence Ernest
The pilot of the ill-fated Bell 206 helicopter that crashed in Ikeja, Lagos today, has been identified. He was Chika…
Nigeria: Why FG Shifted Resumption Of International Flights By One Week
The Federal Government has shifted the opening date of international flights in the country by a week due to logistics…
Nigeria Naira Eases 1.3% After Plans To Sell FX To Currency Operators
The Nigerian naira eased 1.3% against the U.S. dollar on the official market on Friday, a day after the central…
Nigeria Faces Severe Stagflation As GDP Declines, Unemployment And Inflation Rise
1. The Nigerian economy contracted by -6.1% in the second quarter of 2020. This represents the highest quarterly decline since…
Nigeria: FSDH Predicts Continued Sluggish Economic Activities In 2020
Analysts at FSDH Merchant Limited have anticipated that the sluggish economic performance recorded in the second quarter of the year…