Investment Inflows Into Nigeria Dropped By $460m In Q3 —NBS
The National Bureau of Statistics on Monday said the investment inflows into Nigeria declined by $460m from $5.82bn in the second quarter of this year to $5.36bn in the third…
Nigeria’s GDP Now 2.28 Per Cent —NBS
The nation’s Gross Domestic Product increased to 2.28 per cent in real terms in the third quarter of this year, the National Bureau of Statistics said on Friday. The NBS,…
UK’s Firm Acquires Nigerian Liquidated Oil Company
A British firm, Savannah Petroleum Plc, has on Friday announced the completion of the acquisition of Seven Energy International Limited, which is a Nigerian oil and gas exploration, development, production,…
Ogoja Rice To Hit Market With Reduced Price
Santuscom Agro-Hub Investment Nigeria Limited, producer of Ogoja Rice, has said it will crash the prices of local brands as it begins harvest at its 1,000-hectare farm in Okpoma, Yala…
AFDB Invests $50m Equity In AFC
The African Development Bank on Wednesday announced a $50m equity investment in African Finance Corporation. AfDB made the announcement at the ongoing Africa Investment Forum in Johannesburg, South Africa. AFC…
Senate Urged FG To Ban Importation Of Textile Materials For Five Years
The Senate on Tuesday has called on Federal Government to ban importation of textile materials for five years to revamp the comatose textile industry in Nigeria. The call was made…
AFDB, Investors Discuss $67bn Investments For Africa
The African Development Bank (AfDB) and institutional investors on Monday opened $67billion investment deals for African countries, the AfDB President, Dr Akinwumi Adesina has said. Dr Adesina disclosed this at…
FG’s Conditions For Reopening Borders
Several weeks since Nigeria closed its land borders with its West African neighbours, the Federal Government last week unfolded conditions that ECOWAS member states must adhere to before it reopens…
Port Congestion: NIS Calls For Re-Establishment Of National Carrier
The Life Patron, Nigeria Institute of Shipping (NIS), Caleb Okoye, has called for the decongestion of Nigerian ports and the re-establishment of a national carrier for faster development of the…
Kano Traders Cry Out Over High Solar Energy Charges
By Olamilekan Alani Traders in Sabon-Gari Market, Kano, have rejected the compulsory use of a commercial solar energy power supply over what they called high charges by the providers. The…
