FEC approves N1.8bn for rehabilitation of railway village

By Ismaila Chafe The Federal Executive Council (FEC) on Thursday approved N1.8billion for the reconstruction and rehabilitation of buildings of railway village in Agbor, Delta. The...

Nigeria, China partner to enhance security, others

By Temitope Ponle China has said it stands ready to enhance its security cooperation, expand inclusive development, improve connectivity and deepen people-to-people understanding with Nigeria...

Chamber advises FG on ways to reduce inflation

By Oluwafunke Ishola The Lagos Chamber of Commerce and Industry (LCCI) on Thursday advised the Federal Government to create an environment that would assist in...

China says will ‘never surrender’ on trade

By Blessing Odega US President Donald Trump on Monday warned Beijing not to retaliate in an escalating trade dispute after China said it “will never surrender...

Oloyede’s JAMB remits N5b to Federal treasury

By Chinyere Nwachukwu The Joint Admissions and Matriculation Board (JAMB) has returned N5 billion to the Federal Government coffers, after the conduct of its 2019...

Financial guidelines unconstitutional, says Fayemi

Ekiti State Governor Kayode Fayemi yesterday faulted the new financial guidelines put in place for local government areas by the Nigerian Financial Intelligence Unit...

AfDB okays $200m for Nigeria’s electrification project

The African Development Bank Group (AfDB) has approved $200million to boost Nigeria’s electrification project, particularly the off-grid expansion being implemented by the Rural Electrification...

Ex-Plateau dep. gov. hails return of financial autonomy to LGAs

By Peter Amine Former Deputy Governor of Plateau, Chief Jethro Akun, has said that granting financial autonomy to local government councils will propel rapid development...

Trump threatens China of worse trade deal in 2020

President Donald Trump has warned China that it should strike a trade deal with the United States now, otherwise an agreement would be far...

Mozambique makes $25m from cotton

Mozambique produced 66 thousand tons of cotton and earned about $25 million from seed cotton in 2017/2018. The country’s Minister of Agriculture and Food Security,...

China to build $250m dry port in Ibadan

By Ismaila Chafe China would invest $250 million on a dry port in Ibadan that will decongest the ports in Lagos and speed up clearance...

Fowler, FIRS and more cash for Fed Govt

Since assuming office in 2015 as Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has elevated the Service to a level...

Naira remains stable at parallel market

By Fabian Ekeruche The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the...

JUST IN: Buhari returns Emefiele as CBN governor

President Muhammadu Buhari has nominated governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for a second term in office. A letter for the...

Deepwater operations fetch Nigeria $180b

Nigeria has earned more than $180 billion from deepwater operations, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said...

Dumping dirty banknotes, saving businesses

Torn and smelly banknotes have been in the banking system for long. Banks have kept recycling the notes to save sorting costs without considering...

China’s investment in U.S. dips by 83%

Chinese direct investment in the United States dropped 83%  in 2018, pushed down by growing mistrust between the world’s two biggest economies. In a report,...

FG awards $3.9b contract for Warri seaport

By Taiye Elebiyo-Edeni The federal government has approved the building of a new seaport in Warri at a cost of $3.9 billion. Contract has also been...

CBN moves to revive textile industry

The Central Bank of Nigeria (CBN) has kicked off the distribution of cotton seeds and other farming inputs, a major strategy to revive the...

Drugs, Maritime security: EU spends £155m to support ECOWAS

By Temitope Ponle The European Union (EU) has said that its regional programmes in the Gulf of Guinea worth more than 155 million euros are...
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