Latest News

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  Nigeria drops to fourth position as China’s trade partner

  Trade relations between Nigeria and China dropped last year with Nigeria losing her position as the second largest trading partner with China. According to the Chinese Ambassador to Nigeria, Zhou Pingjian, trade relations between the two countries...

  • Posted February 20, 2017
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  FAAN commissions fresh 216 security, fire fighting officers

  The Federal Airports Authority of Nigerian (FAAN) has formally commissioned 107 Aviation Security(AVSEC) and 109 Aerodrome Rescue and Fire Fighting Services (ARFFS). The new FAAN personnel who were recruited last week are expected to compliment security at...

  • Posted February 20, 2017
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• Employers’ association okays order on stamp duties

  The Nigeria Employers’ Consultative Association, (NECA), says the plan by the Federal Inland Revenue Service, (FIRS), to commence the enforcement of stamp duties act in the country was in order.   The Director-General of NECA, Mr. Olusegun...

  • Posted February 19, 2017
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  West Africa’s medium-term growth outlook favourable – IMF

  An International Monetary Fund, (IMF), report said that the medium-term growth outlook for West African countries is favorable but remains subject to significant downside risks.   The IMF staff 2017 discussions with the West African Economic and...

  • Posted February 19, 2017
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  NEC approves fresh $250m for sovereign fund

  The National Economic Council (NEC) yesterday adopted the annual report of the Nigerian Sovereign Investment Authority and decided to inject a fresh $250 million into the Sovereign Wealth Fund. The Minister of Finance, Kemi Adeosun, while briefing...

  • Posted February 18, 2017
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  NNPC lost N197.7bn in 2016 operations

  The Nigerian National Petroleum Corporation (NNPC) recorded losses in its operations for most part of 2016 despite a massive restructuring that was supposed to put it on the path of profitability. Analysis of the corporation’s financial and...

  • Posted February 18, 2017
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  NEC asks CBN to review forex policy

  The National Economic Council (NEC) has urged the Central Bank of Nigeria (CBN) to urgently review the foreign exchange policy. The council yesterday at its meeting handed down the directive to the governor of the CBN, Godwin...

  • Posted February 18, 2017
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  Nigeria’s debt profile is N17.36trn

  Abraham Nwankwo, director-general of the Debt Management Office (DMO), on Thursday revealed that the nation’s total debt profile as of December 31, 2016, was $57.39 billion dollars (N17.36 trillion). He made this known while defending the agency’s...

  • Posted February 18, 2017
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  Prices of foods, energy push inflation to 12-year high at 18.72%

  Nigeria’s inflation rate rose to 18.72 per cent in January 2017 from 18.55 per cent recorded in December 2016 over rising prices of consumable goods and energy. A Consumer Price Index report released yesterday by the National...

  • Posted February 17, 2017
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  Nigeria loses $5bn as Forcados pipeline remains shut

  The pipeline that ships Nigeria’s Forcados crude oil for export is yet to restart after it was shut down on February 15, 2016 due to militant attack, Daily Trust findings show. The Nigerian National Petroleum Corporation (NNPC),...

  • Posted February 17, 2017
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  Business registration to suffer as CAC staff down tools over welfare

  The registration of new businesses will suffer setback as staff of the Corporate Affairs Commission (CAC) shut down the commission over the inability of the management to reach an agreement with them on welfare and revenue generation...

  • Posted February 17, 2017
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  Success of Eurobond is proof the economy is recovering – FG

  The federal government has said that the massive demand for its $1 billion Eurobond, which was oversubscribed by 780 per cent, was a demonstration of the strong market appetite for Nigeria and indicative of the confidence by...

  • Posted February 16, 2017
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  Trade Fair: Kaduna Chamber, Dangote partner to bolster economy

  Kaduna Chamber of Commerce Industry Mines and Agriculture (KADCCIMA) has commended Dangote Group for its sustained partnership and sponsorship, especially for this year’s trade fair. A statement from Dangote Group said the trade fair will offer the...

  • Posted February 16, 2017
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  Lagos targets 3000mw of electricity – Ambode

  Lagos State Governor, Akinwunmi Ambode on Wednesday said the state plans to generate up to 3000 Mega Watts of electricity under its embedded power programme which would be deployed to various power plants in strategic locations within...

  • Posted February 16, 2017
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