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Customs impounds 1,343 bags of foreign rice, others worth N492 million

The Federal Operations Unit (FOU) Zone ‘C’ of the Nigeria Customs Service (NCS) in Owerri said it impounded 1,343 bags of foreign rice and other contraband worth N492 million and made six arrest within the month.
Algeria's parliament Thursday adopted a controversial law aimed at boosting investment in the oil and gas sector, state media said, as activists warned that multinational companies would plunder the country's wealth.

Algeria adopts controversial energy law

Algeria's parliament Thursday adopted a controversial law aimed at boosting investment in the oil and gas sector, state media said, as activists warned that multinational companies would plunder the country's wealth.
Media reports quoted the country’s Oil Minister, Dharmendra Pradhan, as saying on Thursday.

India looking for more foreign investments in oil sector – minister

The minister reportedly said that India wants to be the new destination for global energy players, and that the country would secure world class technology and implement any policy reforms needed to become an international energy leader.
The border closure has affected goods from other West African countries. Wikimedia Commons

Nigeria’s border closure has implications for Africa’s economic integration

Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows with its neighbours.

Cross River governor, NFVCB chief honoured at AIFF 2019

Gov. Ben Ayade of Cross Rivers and Mr Adedayo Thomas, the Chief Executive, National Film and Video Censors Board (NFVCB) have been honoured for their contributions to the development of the Nigerian movie industry.
Russian President Vladimir Putin gives a speech during the International Arctic Forum in Saint Petersburg on April 9, 2019. (Photo by Mikhail KLIMENTYEV - SPUTNIK - AFP)

Moscow woos Africa with cash, security

Russia President Vladmir Putin says Moscow will encourage African countries to table their own development proposals for discussion during the inaugural Russia-Africa Summit that opens on Wednesday October 23.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.

Banker jailed one year for fraud

A Divisional High Court in Osogbo, on Tuesday jailed a 51-year-old banker, Yetunde Adewunmi, for conspiracy and fraud.
Tunisians began casting votes in an unpredictable presidential election on Sunday, where there is no overwhelming front-runner, with the young democracy’s economic ills dominating the agenda

Voting in presidential election begins in Tunisia

Tunisians began casting votes in an unpredictable presidential election on Sunday, where there is no overwhelming front-runner, with the young democracy’s economic ills dominating the agenda, Reuters reported.
ladol free trade zone

Is LADOL truly a Nigerian company?

Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.
From penalising irresponsible dog owners to blacklisting dissenters, critics warn China’s social credit system enables authorities to define “desirable and undesirable behaviour” and could allow unprecedented control of citizen’s lives.

Confusion clouds China’s social credit system

From penalising irresponsible dog owners to blacklisting dissenters, critics warn China’s social credit system enables authorities to define “desirable and undesirable behaviour” and could allow unprecedented control of citizen’s lives.
Nigerian Stock Exchange NSE

Stock market wobbles as foreign investors withdraw N243.35 billion

Foreign Portfolio Investors have pulled out N243.35bn from the Nigerian capital markets in seven months primarily due to the bearish performance of the market in recent times.
Shuaibu Ibrahim NYSC

NYSC: Nigerians pay N500,000 to buy fake degrees, others

The Director General of the National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has said beginning from this year’s “Batch C”, only academic certificates and transcripts of foreign students authenticated by Nigerian consulates in foreign countries of study will be accepted for national service.

BDCs want subsidies removed

Association of Bureaux De Change Operators of Nigeria (ABCON) has called for elimination of fuel and foreign exchange (forex) subsidies in order to address structural defects in the economy.
Beijing confirmed Saturday that a Chinese vessel hit a Philippine fishing boat in a collision which has increased tensions in the disputed South China Sea, but denied claims it was a “hit and run”.

Beijing denies ‘hit-and-run’ in South China Sea collision

Beijing confirmed Saturday that a Chinese vessel hit a Philippine fishing boat in a collision which has increased tensions in the disputed South China Sea, but denied claims it was a “hit and run”.

UN: Foreign investment into Nigeria drops by 43 percent

Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report.
Sagir Musa

Nigerian Army: Foreign interests undermining peace, scuttle President Buhari inauguration

The Nigerian Army has raised concern about efforts by some unpatriotic individuals, groups and foreign interests determined to cause mischief and exacerbate the security situation in this country in particular and West African sub-region.
The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has petitioned France, Germany, European Union, United States of America and United Kingdom over alleged undemocratic actions and infractions of President Muhammadu Buhari.

Atiku Abubakar condemns killings in Nigeria

Alhaji Atiku Abubakar, defeated Presidential candidate of the Peoples Democratic Party (PDP) has condemned the killings in some parts of Nigeria which he said were portraying the nation in bad light.
Flying Eagles head coach, Paul Aigbogun, has reaffirmed his players readiness for today’s Group A clash against Burundi at the 2019 U-20 Africa Cup of Nations Cup in Niger.

Paul Aigbogun promises better Flying Eagles showing at the World Cup

Flying Eagles boss Paul Aigbogun has stated that Nigerians should expect an entirely revamped Flying Eagles squad ahead of the FIFA U-20 World Cup holding in Poland later in the year.

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Nigerian National Petroleum Corporation (NNPC)

NNPC to automate depot, pump station operations

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday disclosed that the Corporation was poised to automate its downstream facilities such as depots, pump stations and measurement systems across the Country.

Ex-AGF Adoke’s arrest in Dubai proof anti-graft war working – Itse Sagay

Chairman of the Presidential Advisory Committee against Corruption, Prof. Itse Sagay, has confirmed the arrest of former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke, by the International Criminal Police in Dubai, United Arab Emirates.
Members of Real Madrid’s first-team squad are allegedly pleased to see Jose Mourinho appointed as the new head coach of Tottenham Hotspur.

Real Madrid squad ‘pleased by Jose Mourinho’s Tottenham Hotspur move’

Members of Real Madrid’s first-team squad are allegedly pleased to see Jose Mourinho appointed as the new head coach of Tottenham Hotspur.
The Director General of the International Labour Organization, ILO, Mr. Guy Ryder has commended Nigeria for the labour friendly disposition of the President Muhammadu Buhari administration.

President Buhari signs Executive Order 009 on open defecation-free Nigeria

President Muhammadu Buhari Wednesday signed Executive Order 009 entitled: The Open Defecation-Free Nigeria by 2025 and Other Related Matters Order, 2019.
Ibrahim Magu

PACAC endorses Ibrahim Magu’s appointment as substantive EFCC chairman

The Presidential Advisory Committee Against Corruption (PACAC) has made a case for the appointment of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu as the substantive chairman of the Commission.