Nigeria: $9.6bn Judgment Debt - House Seeks Domestication of International Treaties

Following the embarrassing situation created by the Process and Industrial Developments (P&ID) Limited's $9.6 billion judgment debt against Nigeria, the House of… Read more »

Nigeria: Delta Invests $2m On Biofuel Production

As part of its commitment to sustainability, Delta Air Lines has announced that it is investing $2 million to partner with Northwest Advanced Bio-fuels, LLC (NWABF) for the… Read more »

Nigeria: Nigerian Economy Will Blossom, Says Dangote

Africa's richest man and President of Dangote Industries Limited, Aliko Dangote, has expressed optimism that Nigeria's economy would blossom and commended the new Economic Advisory… Read more »

Nigeria: Despite $81bn Debt Burden, Nigeria Seeks $2.5bn World Bank Loan

Nigeria and the World Bank have begun talks for a loan of $2.5 billion in a new tranche of concessionary lending by the multilateral financial institution. Read more »

Nigeria: $9.6 Judgement Debt - Court Orders Forfeiture of P&ID's Assets

Justice Inyang Ekwo of the Federal High Court, Abuja on Thursday ordered the forfeiture of assets belonging to Process and Industrial Development (P&ID) limited to the federal… Read more »

Nigeria: Analysts Back Proposed VAT Hike, Fault Timing

Some economic experts have expressed mixed reactions on the proposed hike on Value Added Tax (VAT) from five per cent to 7.5 per cent. Read more »

Nigeria: China to Increase Investment in Lagos, Says Consul General

Consul General of the People's Republic of China, Mr. Chu Maoming, has said the Chinese private sector investors have concluded plans to increase the volume of trade with Lagos to… Read more »

Nigeria: Analysts Back Afreximbank's Push for Foreign Reserves Domestication

Economic experts have supported the push by the African Export and Import Bank (Afreximbank) to mobilise part of the foreign exchange reserves of African central banks to fund… Read more »

Nigeria: Nationwide Implementation of Cashless Policy Begins March 2020

The Central Bank of Nigeria (CBN) yesterday announced that the full implementation of the cashless policy will become effective from March 31, 2020. Read more »

Nigeria: U.S. Envoy Tasks Nigeria On Job Creation, New Markets

U.S. Embassy Chargé d'affaires, Kathleen FitzGibbon, has stated that strong intellectual property rights protection is essential for creating jobs and opening new markets… Read more »

Nigeria: Again, Minimum Wage Adjustment Talks Ends in Deadlock

The meeting between the Federal Government's negotiating team and representatives of the Joint Public Service Unions (JPSUs) on consequential adjustment for the N30,000 new minimum… Read more »

Nigeria: Govt Won't Review 2020 Budget Benchmark Price Over Saudi Oil Facility Attacks, Says Ahmed

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has declared that the federal government is not in a hurry to embark on an upward adjustment in the… Read more »

Nigeria: How Nigeria Was Schemed Out of €15 Million EU-Funded Fisheries Project

There are insinuations that Nigeria may have been schemed out of €15 million (N6 billion) European Union (EU)-funded project designed for the development and improvement of… Read more »

Nigeria: Popular Farms Invests U.S.$70 Million to Enhance Rice, Sesame Production

The management of Popular Farms and Mills Limited, a subsidiary of Stallion group has invested over $70 million to boost production of varieties of agricultural produces especially… Read more »

Nigeria: Onyema - We Must All Embrace Nationalism

The Chairman/CEO of Air Peace, Chief Allen Onyema, in this interview, said the decision to deploy his aircraft to evacuate Nigerians in South Africa was driven by nationalism. He… Read more »

Nigeria: Minister Reiterates Support for Mining Sector

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, has expressed his willingness to collaborate with stakeholders in the sector towards so as to position the… Read more »

Nigeria: Proposed VAT Hike - Robbing Peter to Pay Paul?

As the federal government contemplates raising the Value Added Tax, it must weigh the effect of tax burden on the citizens. Read more »

Nigeria: 10 Commandments On Foreign Loans

Nigeria, warns Ned Nwoko, should be circumspect about foreign loans. Read more »

Nigeria: Heeding the World Bank Warning

It is in the nation's interest to listen to the international financial institution Read more »

West Africa: Phase3 Telecoms Receives Industry Recognition

Phase3 Telecom, West Africa's foremost independent fibre optic infrastructure, connectivity solutions and telecommunications service provider, has been honoured by the Africa… Read more »

Nigeria: BEDC Graduates 134 Trainees to Improve Service Delivery

The BEDC Electricity Plc (BEDC) has turned out another set of 60 graduate trainees and 74 technician trainees, in its quest to improve service delivery to customers and bridge… Read more »

Nigeria: NSE All-Share Index Inches Higher As Market Sustains Positive Performance

The Nigerian equities sustained its positive performance for the second day with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rising by 1.01 per cent to close at… Read more »

Nigeria: Niwa's Failed Concession of River Ports

Eromosele Abiodun posits that the failed planned concession of river ports across Nigeria by the National Inland Waterways Authority means that improving the utilisation of the… Read more »

Nigeria: Northern Governors Adopt Livestock Plan

Northern state governors Thursday adopted the National Livestock Transformation Plan (NLTP), initiated by the federal government, to curb the persistent clashes between farmers and… Read more »

Nigeria: Manufacturers, Employers, Others Reject Bid to Hike VAT

Opposition mounted Thursday against the plan by the federal government to raise Value Added Tax (VAT) from the extant 5 per cent to 7.2 per cent as manufacturers, employers, the… Read more »