Economy

Japan seeks opportunity in Nigeria as it set to showcase 33 brand at Trade Fair

In order to strengthen trade relations between Nigeria and Japan, 33 Japanese brands are to be showcased at 2017 Lagos International Trade Fair, seeking huge opportunities in Nigeria as economy recovers. Speaking on the trade relations of both countries and 2017 Lagos International Trade Fair, Trade Commissioner, Managing Director, Japan External Trade Organisation (JETRO), Taku […]

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Osinbajo FEC Meeting

NACCIMA urges FG to ensure prompt implementation of budgets

National President, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Iyalode Alaba Lawson has once again called on the Federal Government to ensure prompt and diligent implementation of budgets so as to sustain momentum in ensuring that the economy stays vibrant. Alaba Lawson, while reaffirming the association’s progressive advocacy stance on […]

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Stakeholders willing to re-build shabby infrastructure gets tax holiday

In line with its drive to attract private investors, the Federal Executive Council on Thursday approved a tax relief scheme to woo stakeholders willing to partner with government in the urgent task of rebuilding the nation’s dilapidated roads and other infrastructure. According to the Minister of Finance, Kemi Adeosun the approval was the outcome of […]

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Drop in export commodity price may likely not occur next year, W’Bank warns Nigeria

The World Bank says the big drop in export commodity prices that led to significant economic shocks last year in commodity exporting countries including Nigeria may not occur in 2018. According to the World Bank, countries trading in export commodities next year should look for small upticks in oil and crops prices. But overall, raw-material […]

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CBN predicts inflation rate to fall single digit in mid-2018

Nigeria’s Central Bank Governor Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single digit rates mid-next year. “We are very optimistic that food prices will come down and as they come down, it will help to complement the reduction in core inflation,” Emefiele told journalists […]

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‘Construction insurance’ mandatory in Lagos from 2018 – Official

Lagos State is set to enforce compulsory construction insurance next year to safeguard against building collapse in the state. Mr Hakeem Dickson, Director-General, Lagos State Safety Commission, disclosed this during a panel discussion at the 2017 Conference of the Nigerian Institute of Building on Thursday in Lagos. According to him, construction insurance will be made […]

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bukola saraki and Dangote

Senate set to increase private sector participation in economy

President of the Nigeria Senate, Dr. Abubakar Bukola Saraki, on Thursday, said that one of the primary objectives of the 8th National Assembly is to increase private sector participation in all spheres of the economy in order to make the country viable. Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, in […]

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AfDB leads fight against Fall Armyworm marching across Africa

When it first arrived Nigeria sometime in 2016 probably from western hemisphere, not many expected it to spread to over 40 countries in Africa in a year. That is the story of Fall armyworm that is marching across Africa, decimating crop lands and causing substantial financial losses, yet its soldiers are only 1.5 inches tall. […]

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Nigeria Customs Service, NCS

Customs grab two containers laden with tramadol tablets

Nigeria Customs Tincan Island Port Command at the weekend, handed over 2 x 40ft containers laden with different types of tramadaol tablets. They include 240 cartons of New Royal Tramadol Hydrochloride 225mg tablets, 240 dartons of Double Extra Strong Tramadol 200mg, 240 cartons of Super Power Tramadol Hydrochloride, 70 cartons of Ibamol – Diclofenac Sodium […]

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Over $3bn to refinance Nigeria’s past administration debt – Finance Minister

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, yesterday disclosed that about $3 billion out of the $5.5 billion offshore loan the Federal Government currently seeks would go into refinancing the legacy debts of the Goodluck Jonathan administration. The Minister, who spoke in a television programme also clarified that the proposed $5.5 billion loan was made […]

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Osinbajo says Nigeria is open to more businesses, investments

Vice-President Yemi Osinbajo on Tuesday said Nigeria was open to business and more investments. Osinbajo, who chairs the nation’s Economic Management Team, said this at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative Beneficial Ownership Transparency Conference in Jakarta, Indonesia. According […]

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NIN is a unique identifier for all Nigerians, NIMC DG says

The Director-General of the National Identity Management Commission (NIMC), Engr. Aliyu Abubakar Aziz, said in Abuja that The National Identification Number (NIN) is a unique identifier for all in Nigeria. He disclosed that Nigerians and residents in the country need to regard it as a most crucial feature of their entire life. “Nigerians should view […]

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