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Lagos Chamber backs subsidy removal, appeals to NLC on industrial action

The Lagos Chamber of Commerce and Industry (LCCI), has said that a reversal of the current reforms on subsidy of Premium Motor Spirit (PMS) would exacerbate the challenges of the already faltering Nigerian economy.
Dr. Ogbonnaya Onu, Minister of Science and Technology, has said that it is only knowledge-based economy that would add value and create a new lease of life for all Nigerians.

Why we are making agriculture attractive to youths – minister

The Federal government says it is set to mechanize agricultural production because the involvement of youths in the sector will ensure food security, create jobs, and increase foreign exchange earnings for the country.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Previous administrations spent N8.9 trillion on subsidy in 10 years

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s foreign reserves rise to $35.81 billion

Nigeria’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the latest figures from the Central Bank of Nigeria have shown.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank investigates 55 companies over foreign exchange infractions

Amidst sustained pressures on Nigeria’s official foreign exchange resources, the Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals.
Bet9ja

Kaduna IRS seals 40 Bet9ja offices, eight others in seven days

The Kaduna Internal Revenue Service (KADIRS), has so far, shut down 40 bet9ja offices in the last seven days, in its ongoing operation to close all unregistered gaming offices in the state.

Central bank told to stop giving forex for food imports

Nigerian President Muhammadu Buhari on Thursday directed the central bank to stop issuing foreign exchange for food and fertiliser imports, according to a statement by his spokesman.
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

Farmers hail President Buhari for stoppage of forex for fertilizer, food importation

The umbrella body of farmers in Nigeria, All Farmers Association of Nigeria, AFAN, Friday, commended President Muhammadu Buhari, over stoppage of foreign exchange for fertilizer and food importation into the country.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Forex, uncertainty responsible for lack of fuel import by marketers

The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import.
An Agricultural Economist, Mr Bright Okwu, has urged the Central Bank of Nigeria (CBN) to include Egg Powder imports to be among the items banned from accessing Foreign Exchange (FOREX).

Agric expert urges inclusion of egg powder among items banned from accessing forex

An Agricultural Economist, Mr Bright Okwu, has urged the Central Bank of Nigeria (CBN) to include Egg Powder imports to be among the items banned from accessing Foreign Exchange (FOREX).

NEPC: Zero oil plan critical to Nigeria’s economy

Mr Segun Awolowo, the Executive Secretary, Nigeria Export Promotion Council (NEPC), says active implementation of the Zero Oil Plan will boost Nigeria’s foreign exchange earnings in the face of economic contraction caused by COVID-19 pandemic.
Netherlands-based Heineken N.V has continued its direct acquisition of additional equities stakes in Nigerian Breweries (NB).

Heineken buys more stakes in Nigerian Breweries

Netherlands-based Heineken N.V has continued its direct acquisition of additional equities stakes in Nigerian Breweries (NB).
One of the pristine rallying points for all Yoruba in Nigeria and the diaspora, Olojo cultural festival, will this year come with unique features and upscale celebration, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II in Ife, has said.

Ooni calls for legislation, policy, funding to promote African traditional medicine

The Ooni of Ife, Oba Adeyeye-Ogunwusi Enitan, has called on the Federal, state governments and law makers to provide legislation, policy and funding to promote African Traditional Medicine (ATM).
Buyers examine bales at the start of the tobacco selling season, after the coronavirus disease (COVID-19) outbreak delayed the opening of auctions by more than a month, in Harare, Zimbabwe, April 29, 2020. REUTERS-Philimon Bulawayo

Zimbabwe tobacco sales down 23.5% after poor rains

Sales of Zimbabwe’s tobacco, the second largest foreign currency earner, fell 23.52% to 178.7 million kilograms this year, official data showed on Monday, after production was affected by lower rainfall.
Zainab Ahmed

Nigeria’s recession will be short-lived – minister

This came as the Federal Government, yesterday, said despite the N2.3 trillion Economic Stimulus Plan put in place to contain impact of the Coronavirus (COVID-19) pandemic on the economy, there is the possibility that the third quarter, 2020 (Q3’20) Gross Domestic Product, GDP, growth rate will be negative, while the economy will relapse into a recession.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank resumes sales of foreign exchange to licensed BDC operators

The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

ABCON hails central bank on forex decision

The Association of Bureau De Change Operators of Nigeria (ABCON) on Tuesday hailed the Central Bank of Nigeria (CBN) on its decision to stop third parties from buying foreign exchange through form M.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN bans banks, third parties from getting forex via Form M

The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) “whose payments are routed through a buying company/agent or any other third parties.”

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The Commissioner for In­formation and Strategy, Gben­ga Omotoso, while speaking on the commencement of the campaign on Thursday, said it was initiated after discovering that members of the public did not comply with the directives.

#EndSARS: Lagos government to investigate Lekki shootings

The Lagos State government said it would investigate reports of shootings at the Lekki Toll plaza, which followed the 24-hour curfew imposed to stop criminals hiding under the #ENDSARS protests to unleash mayhem on innocent citizens.

#EndSARS: Stop killing peaceful protesters – Hillary Clinton tells President Buhari

Former United States presidential candidate, Hillary Clinton, has made a public appeal to Nigeria's President Muhammadu Buhari to end the killing of peaceful protesters.
A late winner from Marcus Rashford saw the Red Devils win 2-1 against the Parisians at the Parc des Princes - the scene of their famous Champions League win versus PSG in 2019.

Manchester United set new club record after another Champions League win vs Paris Saint-Germain

Manchester United's victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history.
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.

‘Away’ canceled at Netflix after one season

Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.
Kano State Governor Abdullahi Umaru Ganduje

Kano government distributes instructional materials to schools

The Kano State Government, says it has begun the distribution of instructional materials worth over N1.5 billion to primary and junior secondary schools in the 44 Local Government Areas of the state.