Economy

FG says Lekki deep seaport will change Maritime economy

The Federal government says the Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits to the West and Central sub-regions of Africa.The  Permanent Secretary, Ministry of Transport, Dr Magdalene Ajani disclosed...

Lagos govt pays 358 retirees N1bn for April

The Lagos State Government says it has credited the Retirement Savings Account (RSA) of 358 retirees with more than N1 billion for the month of April. Mr Babalola Obilana, Director -General, Lagos State Pension...

3D Technology: Global growth tops $20 billion in 2020 — Expert

A printing technology expert, Mr Akinwole Akinpelu, has said that the worldwide 3D printing industry forecast recorded a rocketing growth of over 20 billion dollars against the projected 9 billion dollars in 2020. Akinpelu,...

Extend debt service relief to Nigeria, Investment Expert appeals to IMF

A Financial Analyst, Mr Moses Igbrude, has appealed to the International Monetary Fund (IMF) to extend  debt service relief to Nigeria because of the second wave of  COVID-19. Igbrude, who is the Chief Executive...

CBN says oil imports gulped $1.32bn in 2020

The Central Bank of Nigeria has stated in a latest report that quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019. The CBN’s data on sectorial...

Financial Autonomy For Judiciary: Lawyers Stage Protest In Ilorin

By Steve Oni, Ilorin Members of the Nigerian Bar Association (NBA), Ilorin branch, on Wednesday staged a peaceful protest in Ilorin, Kwara State capital, to drum support for calls for...

Unity Bank declares N492.02bn assets for 2020

Unity Bank Plc on Tuesday announced an asset base of N492.02 billion for the financial year ended Dec. 31, 2020. The bank in its audited result released by the Nigerian Exchange Ltd., said its...

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...
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Wet Season Farming: FG to distribute farm inputs to farmers

The Federal Government says it will soon commence the distribution of agricultural inputs to Nigerian farmers for...
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COVID-19: NCDC records 1 death, 44 new infections

The Nigeria Centre for Disease Control (NCDC) reported one more death in the past 24 hours, bringing the total number of deaths...

Attack on Abia INEC office needless, says Orji Kalu

The Chief Whip of the Senate, Sen. Orji Kalu, has condemned the attack on Independent National Electoral Commission (INEC) office in Ohafia...

Eid-el-Fitr: Northern governors urge prayers, peace

The Northern Governors Forum has called for more prayers for the unity, peace and progress of the nation, as Muslim faithful mark...

Eld el-Fitr: Ondo residents will feel our presence everywhere – police

Ondo State Police Command has assured residents of the state of adequate security during and after Eid el-Fitr celebration.