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Nigerian Navy opens recruitment for Basic Training School Batch 38

Foreign weapons imports into Nigeria rise 129% in 6 months

"Japa"

UK to introduce BritCard, mandatory digital ID for all adults to curb illegal immigration

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Business and economic news from Nigeria and around the world.

Dangote powers cement plant in Tanzania with gas turbines, Dangote Cement Plc records 34.20% increase in 2020 Q3 revenues, Dangote Cement market capitalization increased by 28% to cross N3 trillion mark in November

Quick take: Higher OPEX, FX loss weigh on earnings

by CSL Stockbrokers

Dangote Cement reported a mild decline in Revenue (down 0.8% y/y to N679.8 billion) in 9M 2019.

Quick take: Growth slows in Q3 as profit misses estimates

by CSL Stockbrokers

Nestle Plc in its recently released 9M 2019 result announced Revenue growth of 4.0% y/y to N211.3 billion for 9M...

Like Nigeria, Ghana moves to ban rice, poultry imports as Agric Minister pushes for local production

Like Nigeria, Ghana moves to stop rice, poultry imports

by Joseph Olaoluwa

The Republic of Ghana has put plans in place to ban the importation of rice and poultry in three years'...

Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss , Customs redeploys officers in charge of anti-smuggling at border , Nigerian customs records N1.3tr revenue in 2019, exceeds target by N404bn , Customs denies spending N1.6 billion on recruitment exercise alone, Customs officers must declare their assets annually – Customs boss, Nigerian Customs move to go digital in 2022

Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty

by Chidinma Nwagbara

There seems to be a brewing crisis between the Nigeria Customs Service (NCS) and the Nigerian Automobile Association.

Tony Elumelu gave a keynote address at the Invest for Growth in Africa Conference in Paris

by NM Partners

Tony Elumelu (@TonyOElumelu), Founder of @TonyElumeluFDN and Chairman of @UBAGroup gave a keynote address at the France Invest Africa Club Conference.

$600 million needed annually to achieve SDGs in Sub-Saharan Africa

Politics

$600 million needed to achieve SDGs in Sub-Saharan Africa

by Titobioluwa Okunade

Nigeria and other Sub-Saharan African countries need $600 million to bridge infrastructural gaps and achieve the UN SDGs.

Peavey discusses the problems and opportunities of Nigeria’s meter asset provider regulation

by Emmanuel Abara Benson

Dallas Peavey discussed the opportunities Nigeria’s Meter Asset Provider (MAP) regulation could avail Nigerians.

Bangladesh calls for textile reawakening in Nigeria

Bangladesh calls for collaboration with Nigeria on textile

by Chidinma Nwagbara

The Government of Bangladesh is offering to partner with the Nigerian Government to develop the Nigerian textile industry.

Nigerian fish farmers may benefit from EU’s €40m deal with FAO

by Chidinma Nwagbara

In a move to promote sustainable fisheries and aquaculture, the FAO of the United Nations and the EU have signed...

Flour Mill’s profit after tax increases by 16.44% in H1 2019

by Joseph Olaoluwa