THE Irish ambassador to Nigeria, Sean Hoy, said the trade figure between Nigeria and Ireland has hit 270 million Euro. The envoy disclosed this when he visited the Nigerian Minister of Science and Technology, Dr. Ogbonnaya Onu in Abuja.

AMIDST the current economic crunch in the country, a team of consultants, under the auspices of Department for International Development, DFID, told the Senate yesterday that if Nigeria must be an economic destination and attractive to investors, it must amend or repeal 54 of its existing laws.

Central Bank of Nigeria (CBN) said that the Electronic Payment Financial Incentives Scheme (EFIS) Efficiency Award is aimed to enhance competition among operators in the electronic payment industry. Meanwhile Guaranty Trust Bank emerged the leader in the maiden edition of the award winning in six categories. The bank won six of the 11 bank based award. These include Cashless Instant Payment; Cashless PoS issued cards; Instant Payment Transaction Efficiency; Electronic Reference; Automated Direct Debit Mandate; and Customer Experience Satisfaction award.

The Okokomaiko – Badagry axis has the potential to become the ‘Lekki’ of Lagos mainland on completion of the ongoing expansion and rehabilitation of the Okokomaiko – Badagry expressway and the expected take-off of the Blue Line Lagos Rail Transport (LRT) mass transit transport system along the corridor by the end of this year.

The current foreign exchange crisis rocking the Nigerian economy has hit the nascent e-commerce sector as the sector’s major foreign investors have begun to pull back. Vanguard investigation has revealed that some of the big players in the industry such as the Africa Internet Group and Konga.com have begun to implement massive restructuring in order to stay afloat and remain in business.