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Visa-on-arrival: Nigeria immigration advice to investors

The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede, has called on genuine investors to take advantage of the visa on arrival policy to improve migration.

$600 million steel plant to create 3,000 jobs, save forex

The Group Managing Director, African Industries Group, Mr. Alok Gupta, on Thursday said Nigeria will gain a lot from the company’s huge $60 0million steel plant in Kaduna State.

Nigeria’s economy attracts $5.36 billion in third quarter 2019

The total value of capital importation into Nigeria stood at $5.36 billion in the third quarter of 2019, the National Bureau of Statistics (NBS) capital importation report released yesterday has shown.
National Bureau of Statistics NBS

NBS: Investment inflow dropped by $460m in three months

The National Bureau of Statistics (NBS) on Monday disclosed that foreign inflow decreased from $5.82 billion in the second quarter of the year to $5.36 billion in the third quarter, a difference of $460 million.

CEEWABA pledges to attract more FDI into Nigeria

The Nigerian advisor for Central Eastern European & West African Business Association (CEEWABA), Ambassador Adedotun Adepoju, has reiterated the Association’s readiness to attract Foreign Direct Investment (FDI) into Nigeria from the far Central Eastern European investors.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government plans 200,000 bpd condensate refineries

Nigerians may bid fuel scarcity farewell if the Federal Government’s plan to build two 200,000 barrels per day (bpd) condensate refineries comes to fruition.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government to support Dangote Refinery with feedstock, others

The Federal Government has pledged to support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock and other necessary inputs to the success of the project.

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.

World Bank put Nigeria’s external debt at $46.238 billion by 2018

The World Bank on Wednesday put Nigeria’s total external debt value at $46.238 billion as at the end of 2018.

South Africa records FDI inflows of 26.3 billion rand in Q2

South Africa saw larger Foreign Direct Investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Lagos governor, Reps seek approval for Lekki, Badagry seaports

Governor Babajide Sanwo-Olu of Lagos State and members of the House of Representatives, yesterday, urged the Federal Government to approve the operation of the Lekki and Badagry seaports in the state.

CSOs task central bank on sustaining improved economic policies

As the 5th All Nigeria Civil Society Economic conference came to a close in Abuja, stakeholders at the conference have called on the Central Bank of Nigeria (CBN) to sustain the improved reform economic policies, rising investment opportunities and Agricultural development.

Nigeria Cultural Festival set to hold in Denmark

All is set for the first edition of Nigeria Cultural Festival (NICUFES 2019) billed to hold in Copenhagen, Denmark, this September.
Foreign Affairs Minister Geoffrey Onyeama flanked by the Minister of State Amb. Zubairu Dada (left) and the Permanent Secretary in the ministry, Amb. Mustapha Suleiman ( right) pose for a shot when the minister assumed office on Wednesday in Abuja.

Minister takes office, lists security of Nigerians abroad

Returning Minister of Foreign Affairs, Geoffery Onyeama, says he will focus attention on ensuring the security of Nigerians living abroad and attracting Foreign Direct Investment (FDI) to the country.g
Kola Ologbondiyan

PDP: Why Atiku Abubakar has right to comment on national issues

The Peoples Democratic Party, PDP, has blasted the All Progressives Congress, APC, for warning its presidential candidate, Alhaji Atiku Abubakar, for speaking on issues as if he was Nigeria’s president.
Senator Ademola Nurudeen Adeleke

Osun guber: PDP betrayed us – Adeleke family

Dr. Deji Adeleke, founder and Pro-Chancellor, Adeleke University, Ede and elder brother to the candidate of the Peoples Democratic Party (PDP) in the September 22, 2018 governorship poll in Osun State, Sen. Ademola Adeleke, on Thursday, said many promises made by the PDP before the family accepted the party’s governorship ticket were not kept.

Govt remains biggest spender in Nigerian economy – expert

An expert, former President, Association of National Accountants of Nigeria (ANAN), Mr Samuel Nzekwe, has said the private sector in Nigeria was yet to take its rightful place in the economy because, according to him, government still remained the biggest spender in the economy.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

NNPC: Nigeria daily oil production hits 2.3 mbpd

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

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IPOB: Facebook shutdown Nnamdi Kanu’s account

According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.
Inter have confirmed that they've completed the signing of Victor Moses from Chelsea after his loan spell with Fenerbahce was brought to an abrupt end.

Inter Milan confirm Victor Moses shirt number

New Inter Milan signing Victor Moses will wear the No.11 shirt for his new club, I Nerazzurri have revealed.
University of Abuja - UniAbuja

University of Abuja suspends admission process

The University of Abuja has suspended the ongoing admission of students due to what it described as irregularities in the process.

Nigerian Navy arrests five suspects, impounds 181 drums of petrol

The Nigerian Navy fight against smuggling activities on the waterways has continued unabated as the command has arrested five suspects.and impounded 4 boats.
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.

Transparency: Corruption worse in Nigeria

Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.