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Dangote Industries has revealed that its Urea fertiliser is now on sale nationwide and that it currently pushes out a minimum of 120 trucks daily across the country.

Dangote to start exporting fertiliser to U.S., Brazil

Nigerian billionaire Aliko Dangote’s new fertiliser plant near Lagos will export its first shipment in late June or early July, to Louisiana, while the majority of exports from the plant are expected to go to Brazil, Dangote said on Tuesday.
Vice President Yemi Osinbajo has expressed optimism that the current clouds and travails covering Nigeria would give way to a glorious and bright new nation.

VP Osinbajo assures OPS of improved business climate

Vice President Yemi Osinbajo has promised that the federal government will continue to interact and engage with the Organised Private Sector (OPS) in the country, with a view to improving the Nigeria’s business climate, knowing fully that the sector is the real engine room of growth and development.
Private jet owners risk having their airplanes impounded by the Nigeria Customs Service if they fail to verify their documents before July 6, 2021 when a month grace period would have expired.

Nigeria customs to impound unverified private jets by July 6

Private jet owners risk having their airplanes impounded by the Nigeria Customs Service if they fail to verify their documents before July 6, 2021 when a month grace period would have expired.

Akwa Ibom community wins suit against Exxon Mobil, gets N82 billion damages

A Federal High Court sitting in Abuja on Monday has given judgment on the case instituted by Obong Effiong Archianga and nine others, representing Ibeno Clan in Akwa Ibom State against the Nigerian National Petroleum Corporation, Mobil Production Nigeria Unlimited, and Exxon Mobil Corporation as first to third defendants respectively.
Dr. Timi Olubiyi, an Entrepreneurship & Business Management expert with a Ph.D. in Business Administration from Babcock University Nigeria.

Agriculture and Food Processing in Nigeria: A system ripe for transformation

Undoubtedly, the demand for more food consumption is the case globally, mainly due to the increasing population year on year. One of the extreme challenges that Africa faces particularly Nigeria is that of feeding its growing population amidst other perennial issues.

SEC: MBA Capital and Trading Ltd not registered

The Securities and Exchange Commission has dispelled insinuations in some sections of the media that MBA Capital and Trading Ltd is a registered capital market operator with the Commission.

Verification: Nigeria customs threatens to detain defaulting airplanes

The Nigeria Customs Service (NCS), says it will detain any defaulting privately owned airplanes at the expiration deadline of the July 7 , as part of the ongoing verification.

UAE reinstates travel ban on Nigeria

Less than 48 hours after it was speculated that the United Arab Emirates (UAE) has lifted a travel ban on Nigeria, India and South Africa, that country has once again banned flights to and from this West African country.
The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.

NEITI: Nigeria’s solid minerals revenue increases to N79.9 billion

Nigeria recorded an increase in revenue from its solid minerals sector in 2019 as it earned N79.96bn from the industry during the period, data released on Sunday by the Nigeria Extractive Industries Transparency Initiative showed.

PAN laments negative impact of levy reduction on imported vehicles

The revision of the import levy on cars from 30 per cent to five per cent by the federal government has taken a toll on the business plan of the Peugeot Automobile Nigeria (PAN).
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

Fuel marketers bewail extortion by DPR officials, threaten strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Suleja/Abuja Unit, on Sunday, threatened to embark on a strike action over alleged extortion by officials of the Department of Petroleum Resources (DPR).
The Central Bank of Portugal (Banco de Portugal) has licensed two cryptocurrency exchanges for the first time.

Portugal issues licences to first two crypto exchanges

In an official statement, the bank announced that it recognised Criptoloja and Mind The Coin as “virtual asset service providers.”
The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.

NEITI: Nigeria realised N79.96 billion from solid minerals in 2019

A 2019 audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown that Nigeria earned N79.96 billion from the solid minerals sector in 2019. The figure, which represents accruals to the federation and other subnational entities, shows a 15% increase when compared to the N69.47 billion recorded in 2018.
Secretary General of the International Maritime Organisation (IMO) Kitack Lim said the country had made important contributions to the fight against piracy and armed robbery in the Gulf of Guinea maritime domain, foremost among them the recent launch of the Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project.

UN lauds Nigeria’s leading role in securing Gulf of Guinea

The United Nations (UN) has commended Nigeria for playing a leading role in efforts to secure the Gulf of Guinea, saying it will continue to support the country and the region.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

WISTA president: Nigerian women must take advantage of AfCFTA

The Women’s International Shipping and Trading Association (WISTA) Nigeria has urged women in the maritime Industry to explore investment opportunities in the African Continental Free Trade Agreement (AfCFTA) which came into full effect in January 2021.

British Airways diverts flights to Abuja over ‘infrastructure issues’ at Lagos airport

“BA075 Lagos – We’re very sorry your flight to Lagos had to divert to Abuja due to local infrastructure issues in Lagos. Your new estimated departure time is on 19th June at 12:00 local time, arriving into Lagos at around 13:30 local time,” a statement from BA to customers, reads
Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.

Nigeria’s imports from China soar, exceed other major trading partners

Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.
Debt Management Office (DMO)

Nigerian government to auction N150 billion bonds on Wednesday

The auction comprises three bonds valued at N50 billion each. It includes a 10-year reopening bond to be offered at the rate of 16.2884 percent with maturity date of March 2027, a 15- year reopening bond to be offered at 12.5 percent with maturity date of March 2035, and a 30-year reopening bond to be offered at 12.98 per cent and mature in March 2050.
Botswana plans to add more 600 megawatts (MW) of solar and coal-fired power in the next six years as the country looks to wean itself off imports while also eyeing power exports, the minerals and energy minister said on Monday.

Namibia seeks developers for 25 megawatt solar PV plant

Namibia is seeking developers to build a 25 megawatt solar-power facility to source energy for its capital, Windhoek, and help counter an electricity shortage.
An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko - TASS - Getty Images

UAE waives coronavirus travel ban on Nigeria, as Emirates resumes on Wednesday

An official document released over the weekend, from the Dubai Media Office indicated that passengers from Nigeria were expected to have received a negative result for a PCR test taken within 48 hours before departure.
As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

NGX suspends trading in GTBank shares ahead of holdco transition

The Nigerian Exchange has halted trading in the shares of Guaranty Trust Bank (GTB) Plc, as the bank moves to its transition to a holding company.
PayPal said Friday it is raising fees for some of its newer products “to better align our pricing with the value that our products and services provide,” according to a blog post by senior vice president Dan Leberman. The changes will affect how much PayPal merchants pay per transaction, and take effect August 2nd.

PayPal raises merchant fees on some transactions

PayPal said Friday it is raising fees for some of its newer products “to better align our pricing with the value that our products and services provide,” according to a blog post by senior...

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A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Jigawa shopkeeper arrested for ‘raping’ six-year-old girl

The police in Jigawa State have arrested a shopkeeper, Ibrahim Haruna, for allegedly raping a six-year old girl in Hadejia Local Government Area of the state.
A screen grab from alalamtv.net shows a notice saying the website has been seized by the United States government as part of law enforcement action, as seen June 22, 2021. REUTERS

Notices on Iran-linked websites say they have been seized by U.S.

Notices appeared on Tuesday on a number of Iran-affiliated websites saying they had been seized by the United States government as part of law enforcement action.

Court jails Ponzi scheme operator over fraudulent Bitcoin deal

The Federal High Court in Port Harcourt, Rivers State, has convicted and sentenced a Ponzi scheme operator, Umoren Edet, to seven years imprisonment for obtaining money under false pretence and issuance of dud cheques.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Lagos man arrested for ‘raping’ daughter, maid

The police in Lagos have arrested a 35-year-old man for allegedly raping his two-year-old daughter and their maid.
The member representing Daura Federal Constituency of Katsina State in the House of Representatives, Fatahu Muhammad, has defended the suspension of Twitter from operating in Nigeria.

House member hails Twitter ban, wants media regulated

Fatahu Muhammad, the member representing Daura Federal Constituency of Katsina State in the House of Representatives, has defended the suspension of Twitter from operating in Nigeria.

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Official: JAMB releases 2021 mock result

The Joint Admission and Matriculation Board (JAMB) has released the result of the 2021 Unified Tertiary Matriculation Examination (UTME) mock exam conducted on June 3.
UEFA has confirmed “several people” are being treated in hospital for injuries caused by a protester who parachuted into the stadium before France’s victory over Germany on Tuesday night.

UEFA confirms several people being treated after protester’s act

UEFA has confirmed “several people” are being treated in hospital for injuries caused by a protester who parachuted into the stadium before France’s victory over Germany on Tuesday night.

Botswana says found world’s ‘third largest’ diamond

Botswanan diamond firm Debswana said Wednesday it had unearthed a 1 098-carat stone that it described as the third largest of its kind in the world.
Sen. Teslim Folarin (APC-Oyo Central) says the All Progressives Congress (APC) in Oyo State is now stronger to reclaim the state from the Peoples Democratic Party (PDP) government in 2023.

Senator Folarin: APC stronger to reclaim Oyo from PDP in 2023

Sen. Teslim Folarin (APC-Oyo Central) says the All Progressives Congress (APC) in Oyo State is now stronger to reclaim the state from the Peoples Democratic Party (PDP) government in 2023.
A farmer prepares to collect a cocoa pod at a cocoa farm in Alepe, Ivory Coast December 7, 2020. REUTERS-Luc Gnago

Ivory Coast says chocolate traders failing to pay farmers living wage premium

Major chocolate traders in Ivory Coast are failing to pay a $400-per-tonne premium on beans aimed at curbing farmer poverty, the country's cocoa regulator said in a draft letter seen by Reuters on Friday.