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Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).

Nigeria, Ghana agree on modalities to resolve trade issues from border losure

Nigeria’s Foreign Affairs Minister, Geoffrey Onyeama, and his Ghanaian counterpart, Mrs Shirley Botchwey, said that both countries had agreed on modalities to resolve the trade challenges arising from the recent border closure.
US President Donald Trump speaks at the Values Voter Summit at the Omni Shoreham Hotel on October 12, 2019 in Washington, DC. (Photo by Eric BARADAT - AFP)

Donald Trump to inaugurate new Louis Vuitton US site

President Donald Trump will attend Thursday the opening of a new production site in Texas for the posh handbag maker Louis Vuitton, drawing the French luxury powerhouse into the US leader’s job-creation pitch as he gears up for next year’s re-election campaign.

NAICOM berates board interference in insurance firms

Board members of some insurance firms have interfered in management functions and contributed to their problems, the Acting Commissioner, National Insurance Commission (NAICOM), Mr. Sunday Thomas, has said.
Closed Nigerian border without any activity

LCCI: Losses to border closure colossal

The Lagos Chamber of Commerce & Industry (LCCI) has frowned at the disruptions and losses that businesses and individuals have suffered as a result of the border closure. It said corporates, large number of informal sector players and individuals doing legitimate businesses across the borders have become victims of the new directive.
Lagos State Governor, Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

Lagos government to acquire 32,000 hectares farmland for rice cultivation

Lagos State Governor Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

CBN: N98.82 million fake banknotes detected in 2018

The Central Bank of Nigeria on Wednesday said a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82m was recorded in 2018.

CBN: N500, N1000 denominations most commonly counterfeited banknotes

The Central Bank of Nigeria (CBN) on Wednesday said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.
Seplat Petroleum Development Company

Seplat acquires London-listed Eland Oil & Gas for $486 million

Seplat Petroleum is to acquire London-listed Eland Oil & Gas for £382 million ($486,163,760.00) in a bid to scale the business and grow in Nigeria, according to the boards of the companies.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices edge higher as OPEC hints at deeper output cuts

Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.

KEDC staff barricade company over non-payment of salaries, pension remittance

Workers of Kaduna Electric Distribution Company on Tuesday protested the non-payment of salaries and non-remittance of their two years pension to their respective Pension Funds Administrators.

Workers shut down Kaduna Electric over unpaid salaries

Workers of Kaduna Electricity Distribution Company (KAEDCO), on Tuesday, shut down the headquarters areas and outstation offices of the company across the state.
AMCON chief Ahmed Kuru

AMCON debt can increase to N6.6 trillion by 2024 – expert

A legal expert, Muyiwa Balogun, has called on the Asset Management Corporation of Nigeria (AMCON) and its Asset Management Partners (AMPs) to leverage the 2019 amended AMCON Act, which has been signed into law by President Muhammadu Buhari to recover the over N5 trillion outstanding AMCON debt before sunset.
National Bureau of Statistics NBS

NBS: Border closure pushed inflation to 11.24 percent

The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index rose to 11.24 per cent in September, barely a month after the border closure.

IMF faults forex restrictions on 43 items as hurting investments

The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Nigeria’s debt hits N25.7 trillion

The nation’s total public debt rose by N3.32trn in one year to N25.7trn as at the end of June 2019, the Debt Management Office said on Tuesday.
National Bureau of Statistics NBS

NBS: Inflation rate now 11.24 per cent

The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI) which measures inflation with the index rising to 11.24 per cent in September.

IMF cuts 2019 global growth estimate to 3 percent

The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday.
Melee Kyari

Federal government sets oil production target of three million barrels per day

The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023.

Recent Stories

UK, NEPC partner to boost export trade in Nigeria

The British Government, through the Prosperity Fund’s Global Trade Programme (GTP), is providing export intervention programmes to export coaches and Nigerian Small and Medium Enterprises (SMEs) interested in exporting to the international markets (including the UK).
The Nigeria Immigration Service (NIS) generated N39.06 billion in 2018 as against N35.72 billion it generated as local revenue in 2017, the National Bureau of Statistics (NBS) said.

Nigeria immigration graduates 462 officers

The Nigeria Immigration Service (NIS) has graduated 462 officers of the 2nd Conversion and Upgrading Course at the Immigration Training School, Kano, Kano State.

Headies: Burna Boy, Wizkid, Tiwa Savage, others battle for Artiste of the Year award

Five top Nigerian artistes have been nominated in the Artiste of the Year category for this year’s Headies award
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 9

Speaker Gbajabiamila: General Gowon remains a symbol of national unity

The Speaker of the House of Representatives, Femi Gbajabiamila, has described a former Head of State, General Yakubu Gowon (rtd), as a symbol of national unity.
General Abayomi Gabriel Olonisakin is the current Nigerian Chief of Defence Staff appointed to the position on July 13, 2015 by President Muhammadu Buhari.

National Security: Nigerian Army recruits 5,000 soldiers

Speaking at the passing out ceremony of the new soldiers, the Chief of Defence Staff, General Abayomi Olonisakin, assured Nigerians that the military will not rest on its oars until the country is safe from the threats of Boko Haram terrorists, armed bandits, kidnappers and other criminal elements.