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Segun Awolowo: Nigeria’s zero oil plan targets $150 billion revenue

The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise 150 billion dollars revenue from sources outside the nation’s oil sector in the next 15 years.

Nsukka pepper: MSMEs registration surges in South-East – NAFDAC

National Agency for Food, Drug Administration and Control (NAFDAC) says `Nsukka pepper’, a popular local pepper spice, has pushed Medium, Small and Micro Enterprises (MSMEs) seasoning registration in South-East.

Insecurity: Naf reactivates C-130H, airlifts supplies to north

The Nigerian Air Force (NAF) on Monday relaunched its newly refurbished transport aircraft C-130H into its fleet and deployed same to supply weapons, others to northeast and northwest battlefields.

Nigeria to shut bank accounts of firms which import restricted goods

Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
R-L- President Muhammadu Buhari congratulatulating Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele on his reappointment as head of the apex bank, for a second tenure.

President Buhari asks central bank to blacklist firms smuggling 43 restricted items into the...

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
Ethiopian Airlines Boeing 737 MAX

Ethiopian commits to Asmara route, despite $6 million locked in Eritrea

A number of African countries are holding up funds by airline operators as a result of foreign exchange crunch, the International Air Transport Association, IATA, has disclosed. Amongst them are Eritrea, Zimbabwe, Angola and Algeria.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

LCCI sets agenda for President Buhari’s second term

The Lagos Chamber of Commerce and Industry (LCCI) says the quality of the nation’s infrastructure, policies and institutions are crucial to driving economic diversification.

NPPAN: Palm oil will earn Nigeria huge forex

The National Palm Produce Association of Nigeria (NPPAN) says the country will benefit a lot from Crude Palm oil (CPO) as a leading foreign exchange earner with its price now 500 dollars per tonne against 426 dollars of crude oil.

Godwin Emefiele: Central bank will sustain unconventional policies to boost economic growth

The Governor, Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday said that the apex bank will sustain its use of unconventional monetary policy to boost economic growth and enhance price stability.

Second tenure: Godwin Emefiele promises economic saboteurs hell

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said his second tenure will consolidate on the economic growth already recorded, even as he promised economic saboteurs hell.
Zainab Ahmed

States to get N649 billion Paris Club fund

State governments will soon smile to the banks as the federal government has concluded plans to commence the final phase of the Paris Club debt refunds.

Expert urges central bank to sustain ban on 40 items to promote local production,...

An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.

CBN: Farming panacea to poverty, unemployment in Nigeria

The Central Bank of Nigeria has said mechanised farming is the way out of poverty and unemployment that is currently confronting the country, as it urged citizens to strive to engage in productive ventures to improve their standard of living.

Minister: NSEZCO N14.3 billion still in central bank account

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, says the N14.3 billion meant for Nigeria Special Economic Zones Company (NSEZCO) is still in Central Bank of Nigeria account.

Ibukun Awosika: Nigeria can indeed earn forex through migration

Ibukun Awosika, Chairman, First Bank of Nigeria (FBN), has stated that Nigeria can indeed earn a lot of foreign exchange (FOREX) from the movement of its citizens to other countries.
Ahmed Mansur

Nigeria’s business environment challenging – survey

The Manufacturers Association of Nigeria (MAN) has said the Composite Manufacturers’ CEO’s Confidence (MCCI) index for the first quarter of 2019 stood at 51.3 per cent.

Nigeria’s sovereign wealth agency records $350 million earnings

The Nigeria Sovereign Investment Agency (NSIA) says earnings described as “value addition” from various investments with its seed capital since it began operations in 2013 stands at over $350 million.

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Gbenga Omotoso

Lagos: Blue rail line to commence operation next year

Lagos State government on Sunday gave an assurance that by December 2020, the Blue Rail Line project will come on stream and will be fully operational in the next two years from Mile 2 to Marina in its aggressive drive to address the transportation problem in the state.
Fulani elders have distanced themselves from Miyetti Allah Kautal Hore president, Alhaji Bello Bodejo, for attacking All Progressives Congress (APC) stalwart Asiwaju Bola Ahmed Tinubu, over 2023 presidency.

Asiwaju Tinubu: We must handover strong, vibrant nation to young Nigerians

National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has identified the need for all and sundry to be committed to steadying the nation with a view to handing over a vibrant and strengthened nation to young leaders.
The Arewa Consultative Forum, ACF, has condemned any attempt to pay the legislators of the 9th National Assembly a whopping sum of 19.8 billion naira as welcome package.

Arewa CF: Killing of aid workers in Borno is a clear desecration of Islam

The Arewa Consultative Forum (ACF) has described the killing of four aid workers by Boko Haram in Borno State on Saturday as a clear desecration of Islam which preaches sacred inviolability of the individual.
Ibrahim Shehu Gusau emerges new AFN President

Ibrahim Gusau to face AFN probe panel Wednesday over corruption allegations

Embattled and suspended president of the Athletics Federation of Nigeria, Shehu Ibrahim Gusau, has been given Wednesday, December 18, 2019, to appear before the panel set up by the federation investigating allegations of financial impropriety, misapplication of funds and breaches of the AFN constitution against him.
The Nigeria women national basketball team, D’Tigress on Sunday defeated hosts Senegal in the final of the FIBA Women’s AfroBasket to win their fourth continental title. - 20

Olympic Qualifiers: D’Tigress coach invites Murjanatu Musa, 13 others

D’Tigress Head Coach Hughley Otis Jr. has named 2019 Nigeria Women’s Premier League MVP Musa Murjanatu in the 14-player roster for the FIBA Women’s Olympic Qualifying Tournament next year.