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China's President Xi Jinping (R) and Philippines' President Rodrigo Duterte waves to members of the media after inspecting the honour guard during a welcoming ceremony at the Malacanang palace grounds in Manila on November 20, 2018. - Chinese President Xi Jinping called his visit on November 20 to long-time US ally the Philippines a "milestone", as he aimed to boost blossoming ties on the promise of billions of dollars in backing for mega-projects. (Photo by Ted ALJIBE / AFP)

Xi Jinping visits Philippines to cosy up to historical US ally

Chinese President Xi Jinping called his visit Tuesday to long-time US ally the Philippines a "milestone", as he aimed to boost blossoming ties on the promise of billions of dollars in backing for mega-projects.

Lottery: NLRC moves to recover N326 million revenue from defaulting firm

National Lottery Regulatory Commission, NLRC, has commenced moves to recover N326 million revenue into the coffers of Federal Government from one of the brewery firms over promotional lottery, described as “illegal.”

Federal government urged to harness energy sector potential

An energy expert, Sam Aiboni, has called for optimal harness of potential in the oil and gas sector of the economy.

Udoma Udoma: Federal government committed to expanding export of locally produced goods, services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas.
Vice President Yemi Osinbajo

Osinbajo tasks Canadian investors on opportunities in Nigeria

Vice President, Prof. Yemi Osinbajo, has urged Canadian investors to explore the opportunities that abound in Nigeria’s education, health and transport sectors.
Gbenga Olawepo-Hashim

Gbenga Olawepo-Hashim: How APC dragged millions of Nigerians into poverty

The presidential candidate of the Peoples Trust, Gbenga Olawepo-Hashim, has berated the ruling All Progressives Congress for what he described as the party’s poor economic management strategy, which he said has led to greater poverty amongst Nigerians.
President Cyril Ramaphosa at the 2018 South Africa Investment Conference in Sandton International Convention Centre. Abigail Javier-EWN

South Africa raises $20 billion in new investment pledges

South African President Cyril Ramaphosa announced on Friday his country has raised $20 billion in investment commitments made by several companies.
Mohammed Dewji

Police: Africa’s youngest billionaire freed by kidnappers

Africa’s youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned home unharmed after being released by his kidnappers, police said on Saturday.

Federal government targets 200 investors for diaspora investment summit

The federal government says it is targeting over 200 investors at the maiden Diaspora investment summit to attract Diaspora investors to come back home and boost Nigerian businesses.

East Africa spends 8 percent of revenue to service debt

East African countries are now spending almost eight per cent of their revenues to service $29.42 billion loans borrowed in the past 10 years.
Kanye West shows Donald Trump his mobile phone in the Oval Office

Kanye West rants as he meets Donald Trump in White House

Kanye West has met Donald Trump in the Oval Office wearing a "Make America Great Again" hat - saying it made him feel like "superman".

Federal government urged to prioritise manufacturing sector to revive economy

Some operators in the manufacturing sector say the benefits of the country’s independence have not been felt in the sector.
(L-R) Pro-Chancellor and Ex-Chairman of the Governing Council, Lagos Business School, Dr. Christopher Kolade; Head Construction & Technical Unit, Lagos State Safety Commission , Debite Victoria Olu; Group Operational Lead, Risk Management, Dangote Industries Limited, Eneni Oduwole; Head, Risk Management, NASCON Allied Industries Plc, Adewale Akinwale, during the Risk Award held in Lagos

Dangote emerges winner at the 2018 Nigerian Risk Awards

Dangote Group has emerged winner of the 2018 prestigious Nigerian Risk Award (NRA) which recognizes organizations who have made measurable impact within their sector through the effective application of good governance, risk management and internal control systems and strategies.
Manufacturers Association of Nigeria (MAN)

MAN commends ease of doing business policy

Mr Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria says the Federal Government policy on ease of doing business has boosted the confidence of manufacturers in the economy.

Seven petrol stations sealed for under-dispensing products

The Department of Weights and Measures, Federal Ministry of Industry, Trade and Investment, has sealed seven petrol stations in Warri and Asaba in Delta, for under-dispensing petroleum products.
Mojisola Christianah Adeyeye

Moji Adeyeye: NAFDAC to overhaul cyber space to achieve its mandate

Prof. Moji Adeyeye, Director-General, National Agency for Food and Drug Administration and Control, said on Tuesday that the agency would overhaul its cyber space to achieve its operational mandate.
Forum on China-Africa Cooperation (FOCAC)

Official: China Africa’s largest trading partner for nine consecutive years

China has been Africa’s largest trading partner for nine years in a row as major cooperation programs boosted bilateral trade, official data showed.

Operators back new central bank real sector support facility

Some private sector operators have said the real sector support facility (RSSF) introduced by the Central Bank of Nigeria (CBN) will help boost investment and provide low cost funding for businesses.

Recent Stories

Babatunde Fashola: APC did not promise to transform Nigeria in four years

The Minister of Power, Works and Housing, Babatunde Fashola, on Tuesday said though the All Progressives Congress (APC) government led by President Muhammadu Buhari promised to turn the fortunes of the country around and bring about change in different sectors, it never attached four-year time frame to totally transform the country.

INEC removes names of 1,931 dead persons from Kaduna voters’ register

The Independent National Electoral Commission (INEC) says it has detected and removed the names of 1,931 dead persons from the voters’ register in Kaduna State, ahead of the 2019 elections.

Shehu Sani: I represented Kaduna Central to the best of my ability

The Senator representing Kaduna Central in the red chamber, Senator Shehu Sani has said he has represented the Kaduna central to the best of his ability.
Southampton striker Michael Obafemi has made his international debut for Ireland, snubbing both Nigeria and England.

Micheal Obafemi snubs Super Eagles, debut for Ireland

Southampton striker Michael Obafemi has made his international debut for Ireland, snubbing both Nigeria and England.
Footage showing a recent Boko Haram attack in north-east Nigeria. | AFP | Getty Images

Boko Haram kills 53 in fresh attacks

Boko Haram jihadists have killed 53 soldiers and farmers in three days of attacks in northeastern Nigeria, security sources said Tuesday, in a new show of force ahead of February elections in the West African country.