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Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.
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.
The Nigerian Export-Import Bank has earmarked the sum of N37 billion to develop and support export commodities from primary production to the exporting stage nationwide.
Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018 – up 18.7 per cent year-on-year.
No fewer than nine million yam seedlings are to be distributed to yam farmers across the country under the CBN’s Anchor Borrowers Programme, (ABP) the Technical Committee on Nigeria Yam Export says.
Gov. Willie Obiano of Anambra has announced plans by the state government to boost spices production of spices for local consumption and for export.
Transportation Secretary of the Federal Capital Territory (FCT), Kayode Opeifa, has expressed optimism that most of the transport gridlock in Abuja would soon disappear with the commissioning next Thursday by President Muhammadu Buhari, of the Abuja light rail system.
“Talking about economic potential, we also learnt that between 2016 and 2017 the export of minerals from Nigeria grew by a staggering 565 per cent. 90 per cent of these exports are mined through ASM activities,” he said.
The Lagos State Governor, Akinwunmi Ambode, on Thursday said the export inflow at the Lekki Free Zone in Ibeju Lekki area of the State is projected to hit over $6 billion (about N2.159 trillion) by 2020, adding that it was time for Nigeria to develop sustainable roadmap to rev up export with particular focus on multi-sector products far beyond oil.
The Nigerian Civil Aviation Authority (NCAA) has reaffirmed the sanctity of the recently released statistical data on the aviation industry on passenger traffic and revenues earned by both domestic and international airlines.
The Nigeria Export Promotion Council (NEPC) has urged state governments to engage in resuscitation of cocoa produce for export, to reduce over dependence on petroleum.
The Association of Professional Bodies of Nigeria (APBN) has asked the National Assembly to always engage and consult its members in order to render expert services on public sponsored bills or amendment that border on specialised area.
President Vladimir Putin of Russia said Tuesday that he has not seen the so-called “Kremlin list” released by the U.S. earlier in the day, but colleagues informed him about the document.
The Nigerian Export Promotion Council (NEPC) is set to address inadequacies and raise awareness of farmers on processing high-quality cocoa for export.
The National Bureau of Statistics has said that Nigeria’s total exports in the third quarter of 2017 stood at N3.57bn, showing 13.19 per cent increase over the amount recorded in the second quarter.
The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport, has asked the over 30 companies quizzed this week over alleged complicity in the N30tn revenue loss in the import and export value chain to present their defense next week.
Dr. Sa’ad Umar Idris has been appointed as the substantive Director General of the Electoral Institute, TEI, by the Independent National Electoral Commission, INEC.
Asiwaju Bola Tinubu, a national leader of the ruling All Progressives Congress (APC), said on Sunday that his interest in the leadership of the ninth National Assembly had nothing to do with any personal or presidential ambition in 2023 as being speculated in some quarters.
Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.
The high increase of smuggling of foreign rice into Nigeria’s on daily basis has been described as a serious threat to the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN) and local production of rice.
The Minister of Finance, Mrs. Zainab Ahmed, has stated that while the federal government borrows to deliver on its promises, it was also mindful of rising debt burden, which eats up about 25 per cent of the country’s annual earnings.
The Federal High Court, Abuja, on Wednesday, declined to hear an application brought by Sen. Peter Nwaoboshi for a stay of execution on the judgment delivered on April 3.
Organisers of mass protests in Sudan have told the BBC they want the full dismantling of the "deep state" left behind by ousted leader Omar al-Bashir.
Ademola Odunade, the President of a Mapo Customary Court in Ibadan, on Wednesday dissolved a 15 year-old marriage between one Rukayat Lukman and her husband, Yekeen, over drunkenness and threat to life.
An election monitoring group, International Human Rights Commission, Geneva, Switzerland, has honoured the director-general of the Department of State Services, Yusuf Magaji Bichi, with an award.
The management of Udala FC on Saturday expressed delight over their victory against FC Ifeanyi Ubah and advancement to the second round of the ongoing NEROS/Anambra Football Association (FA) Cup.