Nigeria: FG To Save $300m From Barite Importation
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government will soon ban the importation of…
Category: Local
Nigeria: Waiting on the Revised Petroleum Industry Bill
The much-sought sanity in the petroleum industry may soon be found if the promise by the federal government to transmit…
UAE Impounds Aircraft Operated By Nigerian Airline Over Safety Violations
Civil aviation authorities in the United Arab Emirates have impounded a private jet operated by a Nigerian airline (name withheld)…
Untold Magical Treasures Of Northern Nigeria
Way before the name ‘Nigeria’ was chosen, in the period that saw the rise and reign of powerful empires and kingdoms, the…
Nigeria: No More Hiding Place for Loan Defaulters
Individuals and companies, who have the habit of borrowing from banks, with the intention of not paying back, may now…
Covid-19: Lagosians Groan As Prices Of Foodstuffs, Rent Soar
RESIDENTS of Lagos State may have to devise ingenious means of grappling with the economic impacts of the COVID-19 pandemic…
134 Nigerians Stranded In Sudan Arrive In Abuja
134 Nigerians who had been stranded in Sudan have returned to the country. They arrived at the Nnamdi Azikiwe International…
Nigerian Port Authority (NPA) Driving Seaport Operations
During COVID-19 The Nigerian Ports Authority, (NPA), while overseeing the general seaport operation by private port operators, have had to…
Nigeria:Third Mainland Bridge Alternative Routes Ready, Says LASG
The Lagos State Government has announced that rehabilitation of alternative routes to be used during the closure of the Third…
EXPLAINER: How The Policy On Settling Loan Defaults With Funds In Other Banks Will Work
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with…
FG Arranges 3 More Evacuation Flights From U.S.
The Federal Government has arranged three more flights to evacuate Nigerians stranded in the United States due to the coronavirus…
Nigeria Inflation Rises In June, Food And Healthcare Cost Weigh
Annual inflation in Nigeria rose for a 10th straight month in June, lifted by food and healthcare costs, the statistics…
Experts Seek Lending Rate Reduction, MPC Meets Monday
Financial experts have said there is a need for the Monetary Policy Committee of the Central Bank of Nigeria to…
Non-Oil Exporters Want Govt To Fix Domestic Market
Stakeholders in the non-oil export business have asked the government to focus on addressing challenges in the domestic market so…
How Indigenous Carrier Rescued Stranded Nigerians
With high cost of airfares charged by foreign airlines, many Nigerians who had depleted their resources due to Coronavirus lockdown…
Nigeria’s “Bond Lady” Tackles Public Debt With Strategy
As director-general of the Debt Management Office (DMO) of the Nigerian Ministry of Finance, Patience Oniha oversees the country’s public…
Nigeria: Aliko Dangote’s $2 Billion Fertilizer Plant Set For February Start
Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production next…
Gokada App Founder Died Of Multiple Stab Wounds
The technology entrepreneur found slain and dismembered in his luxury Manhattan condominium earlier this week died of multiple stab wounds…
Illegal Oil Dealings: 3 Nigerians Sent To Prison
Justice Chuka Austine Obiozor of Federal High Court, Ikoyi, on Thursday, convicted and sentenced Ometoruwa David, Morford Meteku and John…
UK Won’t Pay You Hazard Allowance, FG Tells Doctors Planning To Migrate
The Minister of Health, Dr. Osagie Ehanire, has told Nigerian doctors planning to emigrate to the United Kingdom to take…
Nigerian State Revenue Too Low To Power Economy
Nigeria’s government must improve tax collection because revenue is lower than the minimum amount required for the state to play…
Nigeria Refines Own Gold, Starts Stockpiling In Reserve
Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.…
CBN Seeks Power To Freeze Bank Accounts ‘Linked To Criminals’
The Central Bank of Nigeria is seeking sweeping powers to freeze bank accounts “linked to criminals in the country via…
CBN Seeks Exclusive Right To Bank Licensing, Revocation
The Central Bank of Nigeria (CBN) has said, in line with international best practices and to avoid duplication of functions,…
Nigerian Inflation Rises For 10 Months In A Row In June
Annual inflation in Nigeria rose for a 10th straight month in June, lifted by higher food and healthcare costs, the…
Local Airlines Risk Collapse As Load Factor Declines
Operators push for bailout, open flights • 14-day quarantine threatens Nigeria’s aviation, 35 others Exactly a week after commercial airlines…
UK’s New Migration Visa Lures Nigerian Doctors
More Nigerian medical practitioners may leave the country as the United Kingdom yesterday announced new ‘Health and Care Visa’ policy…
UK Frustrated Air Peace Attempt To Evacuate Nigerians
He said it was a demand for a Third Country Operator approval that forced the airline to engage the services…
Naira Plunges To Record Low Of N470 Against US Dollar On Black Market
The Nigerian Naira plunged further against the United States dollar on the black market on Tuesday as forex scarcity persists.…
Nigeria: COVID-19 Cut Off 40% Of Our Revenue
The Federal Government’s revenue fell by 40 per cent due to the impact of COVID-19 pandemic, the Vice President, Prof.…