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Diversification

Saudi Crown Prince Mohammed bin Salman

Saudi to host ‘Davos in desert’ despite outcry over slain Jamal Khashoggi

Saudi Arabia will host a key investment summit tomorrow, overshadowed by the killing of critic Jamal Khashoggi that has prompted a wave of policymakers and corporate giants to withdraw.

AfDB approves Malawi’s economic strategy

The African Development Bank has approved its Country Strategy Paper for Malawi for 2018-2022 to boost economic diversification, reduce dependency on rain-fed agriculture and build resilience for growth in the southern African nation.
Presidential flag bearer of the Peoples Democratic Party and former Vice President, Atiku Abubakar on Thursday met in Abeokuta with former president Olusegun Obasanjo, David Oyedepo, others.

Olusegun Obasanjo: Atiku Abubakar better than Muhammadu Buhari

Former President Olusegun Obasanjo yesterday made a surprising reversal of his stance by endorsing the political ambition of his former vice president, Atiku Abubakar.
Presidential flag bearer of the Peoples Democratic Party and former Vice President, Atiku Abubakar on Thursday met in Abeokuta with former president Olusegun Obasanjo, David Oyedepo, others

2019: Presidency waves off Olusegun Obasanjo’s backing of Atiku Abubakar

The Presidency has reacted to the news of former President Olusegun Obasanjo’s predictable U-turn and somersault on the endorsement of the PDP candidate, Atiku Abubakar, at a meeting Thursday, waving it off as a well-rehearsed theatre, saying “they will lose together.”

Adebayo Shittu: Buhari’s endorsement celebration of success

Mr Adebayo Shittu, Minister of Communications, has described the just-concluded All Progressives Congress (APC) National Presidential Convention as a celebration of success of President Muhammadu Buhari in the 2019 presidential election.

CBN: Nigeria’s foreign reserve still strong

Central Bank of Nigeria (CBN) has explained the recent reduction in the level of the country’s foreign reserves but has said that the fall does not have anything to do with political actors.

CACOL condemns N3.46 trillion loss annually to port inefficiency

The Centre for Anti-Corruption and Open Leadership, CACOL, has condemned the nation’s loss of over Three Trillion Naira (N3.46tn) annually, that should accrue to the economy through Port inefficiency.
Governor of Edo State, Mr. Godwin Obaseki

Governor Obaseki: We’re building stronger local production capacity

Governor Godwin Obaseki of Edo State has said his administration’s high premium on economic diversification and transformation, empowerment, job-creation and labour absorption, will ultimately translate into inclusive growth and a significant reduction in the number of poor people.
Nigeria Stock Exchange

NSE admits N1.7 billion FGN Savings Bonds in seven months

The Nigerian Stock Exchange (NSE) has admitted about N1.7 billion worth of Federal Government Saving Bonds new issuances in its daily official list in the first seven month of 2018.
Senate President Bukola Saraki

2019: Full text of Bukola Saraki’s declaration to run for presidency

Senate President Bukola Saraki on Thursday formally declared his intention to run for the presidency in the 2019 general elections.
President Muhammadu Buhari

President Buhari: Maritime sector to serve as main economic driver

President Muhammadu Buhari has revealed that his administration is repositioning the maritime sector as the country’s main economic driver and agent of diversification.
Muhammadu Buhari

President Buhari: We’re repositioning maritime sector as main economic driver

President Muhammadu Buhari, on Tuesday, said his administration was repositioning the nation’s maritime sector as the country’s main economic driver and fulcrum for diversification.

China: Why 2018 FOCAC Summit is important to Nigeria

The Government of the People’s Republic of China has outlined reasons why the forthcoming Forum on China-Africa Cooperation (FOCAC), holding in Beijing, China, from September 3rd to 4th, is important to Nigeria.

Issa Aremu advocates issue-based politics

A Kwara State governorship aspirant on the platform of Labour Party, LP, and General Secretary of National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, Mr. Issa Aremu, has said the 2019 elections should be about issues of development and security not about persons and individuals.

Expert tasks central bank on tight monetary policy regime

The Director General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, has called on the Central Bank of Nigeria to relax the tight monetary policy regime in the country in order to spur domestic investments and consumer’s spending.
Nigerian National Petroleum Corporation (NNPC)

NNPC gives reasons for three different gas prices

The Nigerian National Petroleum Corporation (NNPC) says Nigeria’s effort at attracting investors into its gas utilisation drive and creating value for the economy is responsible for different gas prices in the domestic market.

NNPC seeks action on economic diversification

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas.

Apple earnings arrive with trillion-dollar value near

Apple will release quarterly earnings figures Tuesday as it flirts with a history-making, trillion-dollar market value based on its share price.

Recent Stories

An Air Peace flight from Port Harcourt to Lagos experienced a hard landing which caused a tyre burst and damage to the aircraft’s nose wheel at the Murtala Muhammed International Airport (MMIA) in Ikeja Lagos. The aircraft with 133 passengers and six crew members after making emergency landing reportedly veered off the runway on 18R. Photo: Abdullateef Aliyu, Lagos 23/7/19

Accident bureau releases report on incidents involving Air Peace aircrafts

Accident Investigation Bureau (AIB) Nigeria has released the preliminary reports on the incidents involving three aircraft, two B737-300s with tail number 5N-BUK and 5N-BQO and a B737-500 with registration 5N-BRN owned and operated by Air Peace and has issued safety recommendations.
Robert Lewandowski

Timo Werner: Only Lionel Messi and Cristiano Ronaldo are playing at Robert Lewandowski’s level

Timo Werner acknowledges he has little hope of outscoring Robert Lewandowski in the Bundesliga this season, as the Bayern Munich forward's form can only be matched by Lionel Messi and Cristiano Ronaldo.
Nigeria came from behind to get their 2021 Africa Cup of Nations qualifying campaign to a positive start with a 2-1 Group L win over Benin at Akwa Ibom Stadium in Uyo. 3

AFCONQ: Super Eagles to hit Maseru by chartered flight

Nigeria’s Super Eagles are expected to storm Maseru, Moshoeshoe International Airport on Friday through a chartered flight to keep a date with Lesotho in the AFCON 2021 qualifiers on Sunday.
Adegboyega Oyetola

Osun governor presents 119.5 billion budget for 2020

Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.

World Cup winner Marcello Lippi resigns from China managerial role

Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.