economic

The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3 million. The spokesperson of the apex bank, Mr Isaac Okorafor, in a statement, said on Monday that CBN would continue to carry out its regular mediation in the […]

Udo-Udoma Udo-Udoma Nigeria has resolved to bring down the inflation rate to a single digit by 2020 and rates dip consecutively in four months. The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) May 2017 report, released in Abuja on June 14, indicated that the country’s inflation dropped to 16.25 per cent […]

The export of Liquefied Natural Gas (LNG) from Nigeria to China, Turkey, India and other countries has risen over the last six months. Also, the Nigeria Liquefied Natural Gas (NLNG) has replaced six of its 23 vessels to boost gas shipping across the globe. Other importers of gas from Nigeria are Egypt, Poland, Colombia, Jamaica, […]

No fewer than 800 delegates will participate in the 2017 National Insurance Conference (NIC) which begins on Monday in Abuja. The Chairman, Planning Committee of the conference, Mr Shola Tinubu, made this known in an interview with the News Agency of Nigeria in Lagos on Sunday. According to Tinubu, the conference with the theme: “Nigeria […]

NCS Logo NCS Logo The Ogun State Area Command of Nigeria Customs Service (NSC) has generated the sum of N1.1b in the last two months, with assurance to partner with genuine businessmen and women in the field of commerce and industry in the state. The Controller of the Command, Comptroller Sanni Madugu made this disclosure […]

“ Take my assets, leave my people, and in five years I’ll have it back”— Alfred Sloan I like starting with a caveat emptor: What I do are pontifications. By now you must have been used to them. I enjoy sounding off on burning issues affecting our dear country. I even bore you ad nauseam. […]

Etisalat Nigeria has been asked by its parent telecommunication company in Abu Dhabi to terminate its management agreement. Etisalat Nigeria has also been given three weeks to phase out the brand in the country. The decision of the Abu Dhabi owned telecommunications networks resulted after the failure its $1.7 billion laon talks collapsed. Chief executive […]

CBN Headquarters, Abuja CBN Headquarters, Abuja Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3m boost from the Central Bank of Nigeria (CBN) following bids received from forex dealers by the apex Bank. Information obtained from the CBN indicates that the deals in the retail window represent requests from […]

Cement industries are actively working hard to reduce the price of the commodity to boost the nation’s housing and the construction sector. The Chairman of BUA Cement, Alhaji Andulsamad Rabiu, told the State House correspondents after a closed door meeting with the Acting President, Prof. Yemi Osinbajo, in the Presidential Villa, Abuja that plans are […]

Audu Ogbe, Agriculture Minister Audu Ogbe, Agriculture Minister The Federal Government has completed the training of 774 extension workers in the use of modern technologies in delivering extension services in the agricultural sector of the economy under its N-Power programme. The Director-General, National Agricultural Extension and Research Liaison Services, Prof. Mohammed Othman, stated in a […]

The Nigeria Customs Service (NCS) will commence the second round of another 48 hours of bidding on July 10 as the e-auction committee reloads the portal with more items. The Public Relations Officer of the NCS, Mr Joseph Attah said in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. Attah […]

The Global passenger traffic has recorded 11.7 per cent growth in May 2017, showing African airlines leading all regions compared to the results in 2016. Mr Alexandre de Juniac, Director-General of International Air Transport Association (IATA) in Geneva, said in a statement released in Lagos on Thursday that African airlines also recorded the highest passenger […]