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Nigeria Records 0.35% Slide In Products’ Terms Of Trade In Q2

The National Bureau of Statistics (NBS) on Wednesday reported that  Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 per in the second quarter (Q2) of the year. The official statistics producing agency attributed the marginally decline to drops in the prices of live animals, animal products, wood and articles of wood; wood […]

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FG Targets $2,300 GDP Per Capital By December 2021

The Federal Government on Sunday projected that it expected Nigeria’s Gross Domestic Product (GDP) per capita to rise to $2,300 by the end of this year. The Minister of Industry, Trade and Investments, Otunba Niyi Adebayo, who gave the projection at the United States-Nigeria Investment Summit held in New York, noted that Nigeria’s GDP, which […]

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Tax Credit Scheme: Globacom To Reconstruct 64 Km Ota-Idiroko Road

Globacom Nigeria, Nigeria’s leading telecommunications services provider, has been granted the permission to reconstruct 64 kilometres Ota-Idiroko road in 2022, under the Federal Government’s Tax Credit Scheme. Minister of Works and Housing, Mr Babatunde Fashola, gave this hint on Wednesday during an inspection tour of the ongoing reconstruction of Lagos-Ibadan expressway. According to news report […]

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Why Cooking Gas Price Continues To Soar – Marketers

The Liquefied Petroleum Gas Retailers Association of Nigeria, has linked the recent surging market price of Liquefied Petroleum Gas (LPG) to fiscal policy measures of the Federal Government, particularly the imposition of a 7.5 percent Value Added Tax (VAT) on imported gas and the waning value of the Naira in the foreign exchange (forex) market, […]

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FAAN Begins Technology Upgrade In Lagos, Abuja Airports

The Federal Airports Authority of Nigeria (FAAN) has commenced the installation of Check-In and Screening equipment in Abuja and Lagos airports as part of its efforts to improve the functionality of the facilities and make travelling easier for air travelers. The agency, in a statement by its General Manager, Corporate Affairs, Henrietta Yakubu, explained that […]

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NIMASA Flags Off Intensive Wreckage Clearance On Nigerian Waterways

The Nigerian Maritime Administration and Safety Agency (NIMASA) has hinted of its plans to immediately flag-off of an intensive wreck removal exercise in Nigerian waters as part of its statutory responsibility of making the waterways business-friendly and environmentally clean. The agency’s Director General, Dr. Bashir Jamoh, made this disclosure during a ministerial retreat organised by […]

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ECOWAS Sets January 2025 Cleaner Fuels Deadline For Member-Countries

The Economic Community of West African States (ECOWAS) has set January 2025 deadline for the adoption of cleaner fuels and vehicles for its member-countries in furtherance of its efforts to reduce air pollution across the region. The ECOWAS Director of Energy, Bayaornibe Dabire, gave this hint during the African Refiners and Distributors Association (ARDA) 2021 […]

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China Port’s Closure Threatens $172Bn Worth Of Global Trade – Analysts

Analysts at Russell Group’s ALPS Marine platform have projected that the partial closure of China’s port of Ningbo may threaten $172 billion worth of global trade and the export of $39.2 billion worth of Integrated Circuit Boards (ICBs). According to the Freightos Baltic global container freight index, already the cost of shipping from China and […]

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Biden To Sign Executive Order On Vehicles’ 50% Zero-Emission Target Today

U.S President, Joe Biden, is expected to sign an executive order today setting a national goal for electric and other zero-emissions vehicles to make up half of new cars and trucks sold by 2030. To demonstrate their support for the administration’s initiative, Ford and GM executives, together with leaders from the United Auto Workers will […]

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Uber Shares Slump As SoftBank Announces $2Bn Divestment From Firm

Uber shares has slumped after reports that SoftBank is selling about selling 45 million shares, or a third of its stake in the leading U.S ride-hailing app company. Uber shares dropped by as much as 5% in extended New York trading on Wednesday, according to news reports. SoftBank’s divestment of about $2bn (£1.44bn) worth of […]