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Central bank orders Bureau de Change operators to sell dollar at N392

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.
Nigeria Naira

Naira weakens to lowest in three years

The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages.
National Universities Commission (NUC),

NUC: Why digital transformation is central to NOUN’s ODL system

The Deputy Executive Secretary of the National Universities Commission, NUC, Amb. Chris Maiyaki, has advocated a full digital transformation as well as a high level of proficiency in the application of computer software in Open and Distance Learning,ODL, institutions.
L-R: The Minister of Foreign Affairs, Mr. Geoffrey Onyeama; The Minister of Information and Culture, Alhaji Lai Mohammed, and the Ambassador of the Kingdom of the Netherlands to Nigeria, Mr. Harry van Dijk, at the handover of the repatriated Ife Terracotta by the Minister of Foreign Affairs to the Minister of Information and Culture in Abuja on Thursday.

Nigerian government receives repatriated 600-year-old Ife Tarrecotta

The Nigerian Government on Thursday has formally received the 600-year-old Ife Terracotta which was smuggled from the country through Ghana to The Netherlands in 2019 with a forged document.
Nigeria Naira

Naira depreciates marginally to dollar at parallel market

The Naira lost marginally to the dollar at the parallel market in Lagos on Monday, exchanging at N382 to a dollar, lower than N380 to a dollar traded on Friday.
Atiku Abubakar

Atiku Abubakar: Nigeria needs critical leadership for economic sustainability

Former Vice President, Atiku Abubakar, has advised the federal to “swallow its pride”, acknowledge its limitations and accept quality ideas to end the latest round of recession.
The Nigerian Export Promotion Council (NEPC) says it is working with relevant ministries departments and agencies for payment of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme.

NEPC, MDAs working to clear N124 billion backlog of export claims – director

The Nigerian Export Promotion Council (NEPC) says it is working with relevant ministries departments and agencies for payment of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme.
Britain's Prime Minister Boris Johnson (L) shakes hands with Canada's Prime Minister Justin Trudeau at a NATO summit last year [Adrian Dennis-AFP]

UK, Canada agree to post-Brexit rollover trade deal

Canada and the United Kingdom have agreed to a rollover trade deal, the countries announced on Saturday, promising to negotiate a more comprehensive agreement after the UK’s post-Brexit transition period ends.
EDITORS NOTE: Graphic content / Singapore-flagged container ship Kota Singa is docked at the Apapa Port Complex in Lagos, Nigeria's economy hub, on April 8, 2019. - The Nigerian port is congested with hundreds of ships, idly queueing for days to offload containers with goods. Lagos port congestion is affecting port operations and creating a severe backlog at ports, causing carriers’ containers to be held in port for extra days, as well as creating several miles of truck traffic at roads that links to port gates. (Photo by PIUS UTOMI EKPEI / AFP)

Nigerian government urged to tackle multiplicity of inspection, shipping charges

To ensure the drive by the federal government to boost exports succeeds, the government has been urged to simplify the process through the removal of factor associated with delays, multiplicity of product inspection and the high cost in export process.
President Muhammadu Buhari is currently presiding over the quarterly meeting of the National Security Council (NSC) at the State House, Abuja.

Nigeria signs pact to import petrol from Niger

“The Federal Government of Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage,” the Ministry of Petroleum Resources explained in a statement.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Nigerian government signs fuel transportation, storage deal with Niger Republic

The Federal Government, yesterday, signed a Memorandum of Understanding, MoU, with the Republic of Niger for the transportation and storage of petroleum products.
The Nigerian American Chamber of Commerce (NACC) has said non-oil exporters should embrace higher standards while engaging the United State markets.

Chamber seeks “higher standard” from non-oil exporters with US

The Nigerian American Chamber of Commerce (NACC) has said non-oil exporters should embrace higher standards while engaging the United State markets.
The Ekiti State Deputy Governor, Chief Bisi Egbeyemi, has appealed to the people of Isaba-Ekiti in Ikole Local Government Area of Ekiti State to maintain peace over the vacant kingship stool.

Cargo airport project will market Ekiti economic potentials – deputy governor

The Ekiti State Government is constructing an agro cargo airport to market the state’s economic potentials, facilitate export of cash crops, agribusiness and boost internally generated revenue.
The Lekki Concession Company, LCC, has refuted claims that it removed the CCTV’s at Lekki tollgate few hours before the shooting of protesters on Tuesday.

CNN: How Nigerian Army used live bullets on Lekki protesters

The Cable News Network has released its findings from an independent investigation carried out on the October 20 shooting incident that happened at the Lekki tollgate.
Governor David Nweze Umahi

Ebonyi government extols President Buhari, NEPZA for approving special economic zone

Gov. David Umahi of Ebonyi has described the Federal Government’s approval to establish Special Economic Zone in the state as a worthy overture capable of harnessing economic potentials of the entire eastern region.

NEPC: Made-in-Nigeria products rejected in global market because of packaging

The Executive Director, Nigerian Export Promotion Council, NEPC, Barrister Segun Awolowo has on Tuesday decried how a lot of Made-in-Nigeria products were rejected in the global market as a result of inadequate packaging and labeling.
Kola Ologbondiyan

PDP: N170 fuel price unbearable

The party in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Friday in Abuja, rejected the increase describing it as unbearable to Nigerians.
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

President Buhari: More youth inclusion in modern agriculture will bolster economy

The president stated this in Abuja on Tuesday when he inaugurated the National Young Farmers Scheme designed by the National Agricultural Land Development Authority (NALDA) to elicit more youth interest in farming.

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Indian farmers protest deregulation legislation

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Lagos destroys over 1,700 shanties at Agege

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Lagos Port Complex (port of Lagos) is located at the Apapa area of Lagos on March 16, 2016 in Lagos, Nigeria, West Africa. Frédéric Soltan-Corbis via Getty Images

Greek ship crew held hostage after Nigeria kidnapping

A ship management company is in talks to free three Greek sailors kidnapped earlier this month by pirates off the Nigerian coast, Athens' Merchant Navy Ministry said Sunday.