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Iran prohibits use of US dollar in import order registration

All Iranian businesses are prohibited from registering their import orders using the U.S. dollar, Financial Tribune reported Thursday.

Nigeria lost N30 trillion to oil price crash – Olusegun Awolowo

The Executive Director, Nigeria Export Promotion Council (NEPC), Olusegun Awolowo, has stated that Nigeria has lost over N30trillion of export revenue to the crash in oil prices.

UK sets out Brexit wish list on goods sold to EU

British goods placed on the market before Brexit should be sold in EU countries under current conditions even after the UK leaves the bloc, the British government said on Monday.


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National Assembly receives over 6000 petitions from Maritime Academy of Nigeria

The House Committee on Maritime Safety, Education and Administration have revealed that more than 6000 petitions from the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State are currently before it at the National Assembly.

Governor Obaseki orders arrest of killer herdsmen within seven days

The Governor of Edo State, Mr Godwin Obaseki, has ordered the arrest of the bandits responsible for the death of three persons, two adults and a minor in Ugboha, Esan South East Local Local Government Council of Edo State, at the weekend.

Roger Federer survives scare, to face Juan Martin del Potro in Indian Wells final

World number one Roger Federer survived a scare from unseeded Borna Coric to beat him 5-7 6-4 6-4 in the BNP Paribas Open at Indian Wells in the U.S.

NEXIM offers N500 billion to boost export businesses

The Nigeria Export-Import (NEXIM) Bank has said the federal government has made available N500 billion loanable for businessmen and women who are into production of goods and services for export.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

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Electoral Act: House of Reps to re-transmit rejected amendment

The House of Representatives has vowed to gazette the amended Electoral Act which President Muhammadu Buhari declined assent to and re-transmit the reordering of the election sequence for passage.

NAFDAC discovers bakeries using potassium bromide in Sokoto

The Sokoto State Command of the National Agency for Food, Drugs Administration and Control (NAFDAC) has discovered some bakeries using prohibited Potassium Bromide and Saccharine substances in Sokoto metropolis.

UAE offers $1.4 billion in aid to Sudan

The United Arab Emirates has offered $1.4 billion to Sudan’s central bank to help Khartoum tackle an acute foreign exchange crisis, the official Sudanese news agency reported Tuesday.

Court remands First Nation Airways chief over alleged N1.7 billion fraud

An Ikeja Special Offences Court has ordered the remand of Kayode Odukoya, Managing Director of First Nation Airlines over alleged theft of N1.7 billion.

Turkey denies bombing Afrin’s hospital

The Turkish military has released aerial footage that shows an undamaged Afrin hospital building, refuting claims of hospital damage as a smear campaign by YPG militia in Afrin.