Economy

SIFAX Offdocks record 49,835 TEU volumes in 2020

Capt. Ibraheem Olugbade, Executive Director, SIFAX OffDock, on Monday said that the inland container depots owned by SIFAX Group, recorded 49,835 Twenty-four Equivalent Unit (TEU) of cargo capacity in 2020. Olugbade in a statement...

COVID-19 caused recession – Buhari

As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global downturn caused...

Afreximbank’s African commodity index declines moderately in Q3-2020

The African Export-Import Bank (Afreximbank) says that in its Quarter Three 2020 (Q3-2020) reading of the Afreximbank African Commodity Index (AACI), its composite index fell marginally by one per cent quarter-on-quarter. It made this known in a statement issued on...

Centre Commends DMO Over Prudent Management of Nation’s Debt Portfolios

A civil society organization, Save Nigeria Movement in collaboration with the Centre for Due Process, Ecotes University, Benin Republic has said the dexterity employed in the administration of the Debt Management Office (DMO) has given rise to improvement in...

Association wants FG to evacuate Nigerian traders stranded in Ghana

The Nigerian Union of Traders Association in Ghana (NUTAG), under the auspices of the National Association of Nigerian Traders (NANTS), has appealed to the Federal Government to immediately evacuate Nigerian traders stranded in Ghana. Mr Chukwuemeka Nnaji, NUTAG President...

Residents decry high cost of rice in Enugu major markets

Some residents of Enugu State on Friday decried the high cost of rice in major markets in Enugu metropolis. According to the residents, rice, the most popular staple food in Nigeria, has now become expensive. The News Agency of Nigeria (NAN)...

Nigeria stock market gains N571bn in bullish trading

Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion. Speficially, the market capitalisation which opened at N15.386 trillion inched higher by N371 billion or 3.71 per cent...

DPR says 2020 marginal oilfield bid still on

The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, told the News Agency of Nigeria (NAN) on Friday in Lagos...

India seeks closer ties with Nigeria as trade volume reaches $14 bn

India has expressed its readiness to deepen economic ties with Nigeria towards promoting investment and trade between both countries. Amb. Abhay Thakur, High Commissioner of India to Nigeria, said this during a courtesy visit to Gov. Abdullahi Ganduje...

CBN/RIFAN working towards crashing price of rice – official

The Central Bank of Nigeria (CBN) and Rice Farmers Association of Nigeria (RIFAN), disturbed by the increase in price of rice, have concluded plans to crash the price in all markets across the country. Dr Musa Olasupo, an Assistant Director...
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Latest News

China lifts 770 million rural people out of poverty

More than 770 million of China's rural population living below the current poverty line have been raised...
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Facility upgrade begins in Oro General Hospital soon, says Kwara Gov

By Steve Oni, Ilorin Kwara State would commence the upgrade and equipping of the Oro General Hospital in Irepodun...

Why price of cement is high in Nigeria -Dangote

The management of Dangote Cement Plc. says a bag of cement from its factories and plants in Obajana and Gboko  N2,450, and...

Ondo Govt Petitions Police Over Former Deputy’s Refusal to Return Govt Vehicles

The Ondo State Government, on Tuesday, petitioned the state Commissioner of Police, Salami Bolaji, over the refusal of the former deputy governor,...

House of Reps adjourns to honor late members

The House of Representatives on Tuesday adjourned plenary for seven legislative days in honour of two of their colleagues’ who died during...