Category: Economy

Navy hands over smuggled rice, other items worth N15m to NCS

Suleiman Idris- July 2, 2020

The Nigerian Navy in Lagos, on Thursday, intercepted and handed over some smuggled rice, turkey, boats and others items worth N15 million to the Nigeria ... Read More

Wema Bank appoints Ajimisinmi as Executive Director

Suleiman Idris- July 1, 2020

The Board of Directors, Wema Bank Plc on Wednesday announced the appointment of Mr Oluwole Ajimisinmi as an Executive Director of the bank. Mr Johnson ... Read More

AKK Gas Pipeline Project will facilitate establishment of 2 new power plants – Minister

Suleiman Idris- June 30, 2020

Gov. Nasiru El-Rufia (middle) flagging off the construction of the Ajaokuta-Kaduna-Kano Gas Pipeline Project at Ragachikun in Kaduna on Tuesday.(NAN)   AKK Gas Pipeline Project ... Read More

SON raises red alert on substandard Toyota engine oil

Suleiman Idris- June 29, 2020

The Standards Organisation of Nigeria (SON) has raised a red alert on the discovery of suspected substandard Toyota brand of engine oil in the Nigerian ... Read More

Global COVID-19 Cases Surpass 10 Million

Henry Solomon- June 28, 2020

The number of coronavirus cases confirmed worldwide rose to 10 million on Sunday, according to a tally collated by Johns Hopkins University. The United States, ... Read More

FG Sets Regulations, Performance Simulation Flight Ahead of Reopening of Airports

Henry Solomon- June 27, 2020

Ahead of the reopening of the aviation sector in Nigeria, Minister of Aviation, Sen Hadi Sirika and other members of the Presidential Task Force (PTF) ... Read More

Anambra Records 125 Fire Outbreaks in 5 Months – Fire Chief

Henry Solomon- June 16, 2020

The Anambra Fire Service said it recorded no fewer than 125 fire outbreaks across the state between January and May this year. The Director, Anambra ... Read More

FG Congratulates Media Mogul, Mo Abudu Over Netflix Deal

Henry Solomon- June 12, 2020

The Federal Government has congratulated media entrepreneur and filmmaker Mo Abudu over her partnership with leading global streaming service Netflix to create two original series ... Read More

Buhari Receives Economic Sustainability Plan

Henry Solomon- June 11, 2020

President Muhammadu Buhari has received the report of the Economic Sustainability Committee (ESC) with a pledge that the Federal Government will continue to implement measures ... Read More

Over 100m Nigerians Have No Identity – NIMC

Henry Solomon- June 10, 2020

The National Identity Management Commission (NIMC) says over 100 million Nigerians have no identity. The Director-General of the NIMC, Mr Aliyu Aziz, made the disclosure ... Read More

CIS Urges Nigerians to Support FG’s Growth Plan Through Sukuk

Henry Solomon- May 30, 2020

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 ... Read More

Rice Production Hits 35m Bags per Annum -FG

Henry Solomon- May 29, 2020

The Minister of Information and Culture, Alhaji Lai Mohammed says, with over 34 integrated rice mills and clusters, Nigeria currently produces 150,000 bags of rice ... Read More

Buhari Has Put Nigeria on Irreversible Road to Sustainable Development – Lai Mohammed

Henry Solomon- May 29, 2020

Alhaji Lai Mohammed, the Minister of Information and Culture, says President Muhammadu Buhari has put Nigeria on an irreversible road to sustainable development in the ... Read More

FG, Zamfara govt. to engage 70,000 youths in mining

inno.korie- May 26, 2020

No fewer than 70,000 youths are expected to be gainfully employed by both the Federal Government and the Zamfara Government in mining activities in the ... Read More

US Dollars Weakened Against South African Rand

Tanimu- May 26, 2020

South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from ... Read More

Reps move to scrutinize China/Nigeria loans

inno.korie- May 13, 2020

The House of Representatives has resolved to set up an investigation committee to look into all extant China/Nigeria loan agreements since 2000 with a view ... Read More

Negotiators Vow to Implement Phase one in U.S.-China Trade Deal

Tanimu- May 8, 2020

Top U.S. and Chinese trade negotiators on Friday committed to implementing “phase one” of their countries’ trade deal during their first call since the start ... Read More

Nigeria and Ngerians will come out of COVID-19 pandemic stronger – Osinbajo

inno.korie- May 2, 2020

“We will get through this much stronger economically and much stronger as a people because of our resilience. There are a lot of challenges but ... Read More

Workers are the Nation’s Heartbeat – Timipre Sylva

Tanimu- May 1, 2020

Minister of State for Petroleum Resources and former Executive Governor of Bayelsa State, Chief Timipre Marlin Sylva, has described workers as the heartbeat of the ... Read More

IMF Approves US$3.4bn Emergency Support for Nigeria to Address COVID-19 Pandemic

Henry Solomon- April 29, 2020

The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing economic impact of COVID-19 ... Read More