China asks Nigeria to expand exports into its vast market

China has asked Nigeria to expand exports into the country as it plans to import products and services worth more than ten trillion dollars in the next five years.

China has asked Nigeria to expand exports into the country as it plans to import products and services worth more than ten trillion dollars in the next five years. Nigeria is China’s third largest trading partner in Africa, trailing behind South Africa and Angola. In return, China imports billions of barrels of crude oil from […]

We are targeting zero import bill for food production – Buhari

President Muhammadu Buhari Thursday in Abuja said the Federal Government is already targeting a regime of self-sufficiency in food production and consumption, while radically cutting down on imports of agricultural products that depleted the country’s foreign reserve in the past.

We are targeting zero import bill for food production – Buhari

President Muhammadu Buhari Thursday in Abuja said the Federal Government is already targeting a regime of self-sufficiency in food production and consumption, while radically cutting down on imports of agricultural products that depleted the country’s foreign reserve in the past. Receiving Letter of Credence from the High Commissioner of Republic of Singapore to Nigeria, Mr […]

Nigeria is getting poorer – IMF

The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country.

Nigeria is getting poorer – IMF

calls for urgent and coherent economic policies The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent […]

Fuel scarcity may worsen as depot owners give 14-day ultimatum

While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to the threat by depot owners.

Fuel scarcity may worsen as depot owners give 14-day ultimatum

While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to the threat by depot owners. On Tuesday, the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, gave the federal government a 14-day ultimatum to settle a N650 billion debt allegedly […]

Analysis: Dana Air’s many troubles and aviation regulation in Nigeria

On Tuesday, 49 people escaped death as a Dana aircraft overshot the runway at the Port Harcourt Airport after it touched down.

Analysis: Dana Air’s many troubles and aviation regulation in Nigeria

On Tuesday, 49 people escaped death as a Dana aircraft overshot the runway at the Port Harcourt Airport after it touched down. An aircraft is said to have overshot the runway when it moves beyond the specified point due to over speeding or its inability to stop. But the aircraft, which left Abuja for the […]

Senate probes ‘secret’ NNPC, Agip account holding over N30 billion

The Nigerian Senate has mandated its committee on public accounts to carry out an investigation into an alleged ‘secret account’ operated by the Nigerian National Petroleum Corporation (NNPC) and Agip oil company.

Senate probes ‘secret’ NNPC, Agip account holding over N30 billion

The Nigerian Senate has mandated its committee on public accounts to carry out an investigation into an alleged ‘secret account’ operated by the Nigerian National Petroleum Corporation (NNPC) and Agip oil company. The resolution was made on Tuesday after a deliberation on a motion titled, “Urgent need to investigate NNPC, Nigerian Agip Oil Company IPP […]

Nigerian Air Force Explains Controversy over Drone built under Jonathan, lunch by Buhari

The Nigerian Air Force (NAF) on Friday weighed in on the debates about the first Nigerian-built unmanned aerial vehicle (UAV). President Muhammadu Buhari sparked the debates when he claimed on Twitter Thursday night that he had just commissioned the ‘first-ever’ UAV (or drone) built by the NAF engineers.

Nigerian Air Force Explains Controversy over Drone built under Jonathan, lunch by Buhari

The Nigerian Air Force (NAF) on Friday weighed in on the debates about the first Nigerian-built unmanned aerial vehicle (UAV). President Muhammadu Buhari sparked the debates when he claimed on Twitter Thursday night that he had just commissioned the ‘first-ever’ UAV (or drone) built by the NAF engineers. “Today in Kaduna I attended the induction […]

Nigeria secure $486 world bank loan

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines.

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines. Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network. The World […]

11 states get N16.1bn budget loan

Eleven of the 23 states that have access to the federal government’s budget support loan facility have received N16.1 billion as of January 2018. The Senior Special Assistant to Vice President on Media and Publicity, Laolu Akande, stated this after a meeting of the National Economic Council. Akande did not name the benefitting states, but […]

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