The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]
The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]
The Federal Government on Wednesday hinged Nigeria’s exit from economic recession on the gains from its ongoing economic diversification agenda, particularly the value addition from the implementation of the Economic Sustainability Plan (ESP). The Minister of Finance, Mrs. Zainab Ahmed, made this known while chatting with State House correspondents at the end of Federal Executive […]
President Muhammadu Buhari and the 36 states governors will on Thursday decide on a new petrol pump price at a meeting to be held at the Presidential Villa, Abuja. Minister of Labour and Employment, Senator Chris Ngige, who disclosed this on Sunday after a bipartite meeting at the Villa said the government had finished discussions […]
After two consecutive sluggish performances which plunged the economy into recession, Nigeria’s economy rebounded in the last quarter of 2020 with the Gross Domestic Product (GDP) growing by 0.11 percent year-on-year. The National Bureau of Statistics (NBS) reported the positive trend in its published on Thursday. The report stated: “Nigeria’s gross domestic product (GDP) grew […]
The Manufacturers Association of Nigeria (MAN) has described the rising general price level in the economy with the January 2021 inflation rate peaking at 16.47 percent as a threat to current efforts to revitalize the nation’s manufacturing and industrial sector and position it on the path of sustainable growth. The Director General of the association, […]
The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend cautioned all clearing agents and importers circumventing guidelines on the importation of food and drugs through the nation’s ports to immediately desist or face the full weight of the law for such despicable economic sabotage acts. The Director General of NAFDAC, […]
The Lagos Chamber of Commerce and Industry (LCCI) has congratulated Dr (Mrs.) Ngozi Okonjo-Iweala, on her appointment as the Director General of the World Trade Organization (WTO), being the first female and first African to head the WTO since its formation in 1995. This is even as the OPS group noted that transforming her appointment […]
The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has said that the Steering and Programme Coordinating Committees of the Nigeria-United Nations Industrial Development Organisation (UNIDO) Country Programme (CP) 2018 – 2022, will move fast in ensuring timely and effective implementation of the programme. A statement issued by the ministry’s Assistant Director, […]
The National Bureau of Statistics (NBS) reported on Tuesday that Nigeria’s inflation rate rose to 16.47% in January this year from 15.75% in December 2020, representing the highest rate in the past 33 months. The report published by the Bureau on its website indicated that food inflation rose to 20.57% in the month under review, […]