2023: FX shortage to persist, Coronation Merchant Bank forecasts
The foreign exchange liquidity problem impacting the economy is likely to last for a while, according to a prediction made by Coronation…
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Shell hits record $40bn profit in 2022
115-year-old oil and gas company, Shell has revealed a tremendous earning record of $39.9 billion (£32.2 billion) for 2022, the highest so…
Scarcity: PENGASSAN to clampdown on fuel stations selling above N650/litre
Research by the Petroleum and Natural Gas Senior Staff Association of Nigeria, has shown that the cost of Premium Motor Spirit, also…
Old naira deposit to continue after deadline – Emefiele
The Central Bank of Nigeria Governor, Godwin Emefiele, on Tuesday disclosed that commercial banks will continue to accept the deposit…
AfDB’s $1.5bn agric fund’ll benefit 20 million farmers – Adesina
The president of the African Development Bank, Akinwunmi Adesina, has set aside a total of $1.5 billion for a “Emergency Food Production Facility”…
Imported goods stunting Nigeria’s domestic production – Presidency
Bisola David The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should…
Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
The Dala International Inland Dry Port in Zawachiki, Kumbotso Local Government Area, Kano State, will be formally inaugurated by President Muhammadu Buhari…
Nigeria, India commerce volume hit $14b in 2022
Nigeria and the Republic of India conducted $14.95 billion worth of commerce in 2022. At the 74th Republic Day of India, in…
How VIN affected vehicle importation – Customs
The Nigeria Customs Service has said that the implementation of the Vehicles Identification Number for clearing imported vehicles resulted in a 40%…
IATA welcomes Somalia airspace upgrade to ‘Class A’
The International Air Transport Association has commended Somalia for upgrading of its airspace and the surrounding area to ‘Class A’. This comes…
10 things to know about recently commissioned Bestaf lubricant plant
The President, Major General Muhammadu Buhari (ret.d), recently commissioned a 200m-litre lubricant plant on Monday during his 2-day business visit to Lagos.…
FG to generate $500m from cashew export – Minister
Bisola David The minister of agriculture and rural development, Dr. Mohammed Abubakar, claims that cashew nut exports from Nigeria earned over $250…