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Russia to Supply 50,000 Tons of Grains to African Countries – Putin Russian President, Vladimir Putin, says Russia will supply 50,000 tons of grains to some African countries in the next three months in its bid to ensure food security. Putin said this on Thursday while declaring the Second Russia–Africa Summit and Economic and Humanitarian […]

Customs MMA Command Generates N38.7bn in 1st Half of 2023 The Murtala Muhammed Area (MMA) Command of the Nigeria Customs Service (NCS) says it generated total revenue of N38.7 billion in the first half of 2023. The command’s Area Controller, Comptroller Mohammed Yusuf, said in a statement in Lagos on Thursday that this represented 79.6 […]

Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia The African Export–Import Bank (Afrixembank) on Thursday in St. Petersburg, Russia, announced a credit limit of 30 billion dollars to support African investors willing to exploit the opportunities in Russia. The President and Chairman Board of Directors of Afrixembank, Dr Benedict Oramah said […]

Nigeria, South Africa to Tackle Economic, Cyber Crimes Nigeria and South Africa have reiterated their commitment to tackle the menace of cybercrimes, money laundering and other economic and financial crimes. The Acting-Chairman of EFCC, Abdulkarim Chukkol, made this known on Wednesday in Abuja, when a senior delegation from the Directorate of Priority Crime Investigation (DPCI) […]

Ecobank Bolsters Performance as Profit Jumps 16% Pan African lender, Ecobank group Plc. has raised the bar on its earnings performance with 16% year-on-year growth in profit after tax. In it unaudited financial statement for the first half of 2023, the Pan African financial boutique grew revenue with increased loan appetite as deposit collection surged. […]

Fed Raises Rates 25bp, Maintains Tightening Bias The United States (US) Fed unanimously hiked its policy interest rate range 25 basis points as widely expected with a statement retaining the phrasing that further policy firming “may be appropriate”. With two months’ worth of data to come before the next FOMC meeting, ING economists suspect evidence […]

The Acting Comptroller General of the Nigeria Immigration Service (NIS), Adepoju Wuraola, has urged Nigerians wishing to relocate abroad to take the regular route. She gave this advice while declaring open the “2023 Anti-Smuggling of Migrants Nationwide Sensitization and Enlightenment Campaign” at the Service headquarters in Abuja on Thursday in commemoration of the 60th anniversary […]

The Vice President, Kashim Shettima, has restated the determination of the Tinubu administration to revive the Aluminium Smelter Company of Nigeria (ALSCON), particularly by engaging with key stakeholders in the industry. According to a statement by his media office, Senator Shettima stated this on Thursday at a meeting with the management of Russian Aluminium Company […]

The Federal Road Safety Corps (FRSC) and Nigeria Customs Service (NCS) have commenced an intensive vehicle database integration of the two government agencies. The collaboration was effected during the official visit of the Acting Comptroller General of Nigeria Customs Service, Bashir Adewale Adeniyi, to the Corps Marshal, Federal Road Safety Corps, Dauda Ali Biu, at […]

A Federal High Court sitting in Port Harcourt, has ordered the arrest and detention of vessels belonging to Maritime Security giant, Ambrey International, following its refusal to meet its financial obligations to local service providers and Nigerian partners. The arrest warrant and detention order of vessels: MV Sirius, MV Sirius 1, MV Siriius 2 and […]

*Says Expect More Ministerial-Nominees In Coming Days Chief of Staff to the President, Hon Femi Gbajabiamila, has assured that another list of minister-nominees will be sent to the National Assembly “in coming days” to increase the number to suit constitutional requirement. Gbajabiamila gave the hint while talking to journalists at the Presidential Villa, Abuja after […]

The Federal Government has approved the payment of N25,000 of peculiar allowance for medical and dental doctors in hospitals, medical centres, and clinics in the federal public service. This was disclosed in a letter dated July 26, 2023, titled, “Accoutrement allowance for medical and dental doctors in hospitals, medical centres, and clinics in federal MDAs.” […]