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Africa's richest man Aliko Dangote

Dangote increases cement export to $600 million annually, targets $4.6 billion investment in consumables

President of Dangote Industries Limited, Aliko Dangote, has disclosed plans of the company to increase cement exports to $600million.

CBN: Nigeria records 57.1 PMI points as at February

The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the manufacturing sector for 23 consecutive months.
Lagos . Nigeria

President Buhari’s visit: Free flow of traffic on Lagos roads

The usual early morning traffic jam on major roads in Lagos was on Saturday absent as motorists and commuters moved freely from one part of the state to another.
Governor Abubakar Sani Bello of Niger State

Niger government donates N27 million relief materials to flood victims

The Niger State Government has donated N27 million worth of relief materials to flood victims in Rafin-Gora community in Kontagora Local Government Area of the state.
National Emergency Management Agency NEMA

NEMA distributes relief materials to 1,000 victims of armed bandit attack

The National Emergency Management Agency (NEMA) has distributed relief materials to 1,000 victims of armed bandits attack in four communities of Kaiama Local Government Area of Kwara.

Central bank may increase items on forex restriction list to 50

The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market.

CBN: PMI stands at 61.1 index points as at December 2019

The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 61.1 index points as at December 2018, indicating an expansion in the manufacturing sector for 21 consecutive months.

Central bank bans use of forex for fertiliser importation

The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.”

CBN vows to clamp down on businesses, banks that abuse Forex on 42 restricted...

The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.

Storekeeper bags three months imprisonment for stealing cement

Abuja court sentences a 32-year-old storekeeper, Julius Dauda, to three months imprisonment for stealing 10 bags of cement
Dangote Cement

Blockmoulders: Dangote new cement best for all seasons

Block Moulders Association of Nigeria describes Dangote Cement’s new product, BlocMaster, as the best cement for all seasons
Nigerian Stock Exchange NSE

Investors’ wealth increases as stock market gains N50 billion

Investors’ in the Nigerian stock market recorded a N50bn increase in their wealth on Wednesday as the market extended its bullish run into the second consecutive day after the rebound on Tuesday.

Central bank may add more to the 41 items not eligible for forex

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.
Cement Company of Northern Nigeria

CCNN shareholders agree merger deal with Kalambiana cement coy

Shareholders of Cement Company of Northern Nigeria (CCNN) plc has agreed a merger agreement with the Kalambaina Cement Company Limited in Sokoto State.
Okechukwu Enelamah

AGOA: Federal government unfolds strategy on exporting products – official

The Federal Government has begun the implementation strategy to ensure that non-oil products are duly accepted in the US under the African Growth and Opportunity Act.
People ride on a boat past A.P. Moeller-Maersk A/S branded shipping containers stacked at the Ladol free trade zone port in Lagos, Nigeria, on Tuesday, May 22, 2018. Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand its facilities and get more business from major production companies. Photographer: George Osodi/Bloomberg

Bribes, beatings and gridlock at ports choke Nigeria economy

The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa.

Udoma Udoma: Federal government committed to expanding export of locally produced goods, services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas.
Africa's richest man Aliko Dangote

Aliko Dangote: I am not against signing AfCFTA

Africa’s richest man, Aliko Dangote, has said he is not the one preventing the Federal Government from signing the Africa Continental Free Trade Agreement, AfCFTA.

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Kola Ologbondiyan, PDP publicity secretary

Supplementary poll: APC, INEC conspiracy’ll fail – PDP

The Peoples Democratic Party (PDP) has said an alleged conspiracy between the Independent National Electoral Commission (INEC) and the governing All Progressives Congress (APC) to rig tomorrow’s supplementary election in some selected states will fail.

Bauchi finance commissioner resigns ahead of supplementary poll

The Bauchi State Commissioner for Finance and Economic Development, Hon. Garbi Mohammed Akuyam, has resigned his appointment.
Ikenga Ugochinyere

CUPP: Senator Adeleke’s tribunal victory a boost to Atiku Abubakar’s quest to reclaim mandate

The Coalition of United Political Parties has described the judgement delivered by the Osun State Election Petition Tribunal as a boost to the desire of the presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, to reclaim his “stolen mandate.”
Birmingham City

Birmingham City given nine-point deduction

Birmingham City have been deducted nine points rules for breaching rules on profitability and sustainability, the English Football League (EFL) has announced.
Lagos-Abeokuta gridlock

Lagos-Abeokuta Expressway: Commuters lament over Ikeja-Along axis gridlock

Commuters and motorists plying the Ikeja Along axis on Lagos – Abeokuta Expressway have called on the Lagos State Government to intensify efforts toward decongesting constant gridlock on the road.