Productivity-enhancing reforms are required for quick economic recovery &#8211; World Bank

The US Capitol complex was shut down temporarily on Monday as a precautionary measure after a small fire broke out...

foreign, trade, Nigeria's top 10 exports, Top trading partners, Border Closure: Nigeria short of N338 billion worth of rice

Business

FG outlines steps to be taken by businesses to export to AfCFTA countries

by Chike Olisah

January 18, 2021

FG has outline steps to be taken by Nigerian businesses to export to other member-countries of the AfCFTA.

Business

AfCFTA: Nigerian Commodities Exchange prepared for agreement – MD

by William Ukpe

January 18, 2021

The Managing Director of the Nigerian Commodities Exchange has stated that the agency is fully prepared to take advantage of...

$NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions$

Business

Reps oppose school resumption date, ask for 3 months extension

by Chike Olisah

January 17, 2021

The lower legislative chamber has flawed FG's directive on public and private schools' January 18, 2021 resumption date.

Nigeria allocates N3.12 trillion to service debt in 2021, as fiscal quagmire undermines ambitious recovery

Politics

Nigerian government spends equivalent of 83% of revenue to service debt in 2020

by Chike Olisah

January 17, 2021

The Federal Government of Nigeria achieved a debt service to revenue ratio of 83% in 2020.

FG directs the suspension of NIMC staff involved in extortion of NIN applicants, SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills

Business

FG announces mandatory NIN enrolment for foreign diplomats

by Chike Olisah

January 17, 2021

The Federal Government has directed foreign diplomats in the country to also partake in the mandatory NIN registration.

Business

PayVIS: New Lagos State platform to use traffic cameras to fine traffic offenders

by Victor Enengedi

January 17, 2021

Lagos State’s Vehicle Inspection Service has launched a technology-based initiative to track, monitor and book traffic offenders.

Tinubu approves diplomatic postings for 65 ambassadors

NetNaija CEO Emmanuel Analike remanded in Kuje over copyright infringement case

Visa overstay: FG to begin real-time monitoring of visa defaulters in Nigeria

US sentences Adepoju Salako to over 6-year in prison for $5 million COVID-19 fraud

Business News

Business and economic news from Nigeria and around the world.

Nigeria fully committed to promoting good governance practices in Africa – Buhari

Telecom operators submit 43million NINs to NIMC for verification as deadline ends

CBN disburses N10bn intervention funds to Kano industries affected by pandemic

US Capitol complex temporarily shut down

FG outlines steps to be taken by businesses to export to AfCFTA countries

AfCFTA: Nigerian Commodities Exchange prepared for agreement – MD

Reps oppose school resumption date, ask for 3 months extension

Nigerian government spends equivalent of 83% of revenue to service debt in 2020

FG announces mandatory NIN enrolment for foreign diplomats

PayVIS: New Lagos State platform to use traffic cameras to fine traffic offenders

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