Wednesday, January 26, 2022
Economy

Economy

Nigeria To Increase Gas Reserves To 600 Trillion Cubic Feet – Sylva

The Nigerian Government disclosed that it is currently planning to grow Nigeria’s gas reserve from 206 trillion cubic feet to 600 trillion cubic feet (TCF). This was disclosed by the Minister of State for Petroleum, Chief Timipre Sylva, at the...

How Nigeria Lost N329.5billion To Maritime Crimes In 2016 – Rector MAN Oron

The Rector of the Maritime Academy of Nigeria, MAN, Oron, Commodore Duja Effedua (rtd), has stated that the country lost a whooping N329.5billion to maritime crimes in 2016. Speaking at the ongoing summit organised by the Chartered Institute of Transport...

Nigeria’s imports rise to N8.2tn in Q3 – NBS

The National Bureau of Statistics on Monday disclosed that total foreign trade in Nigeria rose to N13.3 trillion in the third quarter of the year. The N13.3 trillion trade comprises N8.2 trillion imports and N5.1 trillion exports, resulting in...

FG Engages Greek Investors In Transport Sector

The Federal Government of Nigeria has opened fresh talks with leading businesses in Greece for Direct Foreign Investment (DFI) in the transport and allied sectors of the economy. According to a statement issued by Mr Ibrahim Nasiru, the Assistant General...

Two Million Metric Tons Of Rice Smuggled Into Nigeria Annually – Senate Committee

The Senate Committee on Agriculture on Wednesday in Abuja said about two million metric tons of rice is currently being imported or smuggled into the country. This is just as the committee said, in 2021, the production of milled rice...

Flour Mills workers stage protest over poor remuneration

Some aggrieved workers of Flour Mills Nigeria Plc staged a protest at the company’s premises in Apapa on Tuesday over alleged poor remuneration by the company. The protest started at about 8 a.m. at the gate of the company on...

China seizes Uganda’s only international airport over $207m debt

Chinese lenders, the Export-Import Bank of China, also known as Exim Bank, has taken over the Ugandan Entebbe International Airport and other assets in the country over the failure of the Ugandan government to repay a loan. This came despite...

Nigeria’s Economy Grows By 4.03% In Q3, 2021 — NBS

Mr Simon Harry, the Statistician-General of the Federation and Head of National Bureau of Statistics, has declared that the nation’s economy grew by 4.03 per cent in the Third Quarter of 2021. He made the announcement on Thursday in Abuja...
‘It’s cheaper to transport a container from China to Lagos than Lagos to Kano’

‘It’s cheaper to transport a container from China to Lagos than Lagos to Kano’

The Chairman of BUA Group, Abdul-Samad Rabiu, has said that it is cheaper to transport a container from China to Lagos than from Lagos to Kano. Rabiu merely echoes what many maritime industry stakeholders have said over and over again....

Nigeria’s inflation rate drops to 15.99%

The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined for the seventh consecutive time to 15.99 percent in October 2021. The figure is 1.76% points higher than the 14.23 percent recorded...

MOST COMMENTED

Our agents left us to die in remote Sahara Desert

A group of African migrants who were rescued in the Sahara Desert in northern Republic of Niger say the agents who promised to take...

HOT NEWS

Counter

0 1 4 3 1 9