Business

India-Nigeria trade hits $9bn as firms deepen local production

By Yinka Kolawole India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. The Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 Indian […]
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‘Those seeking to kill PIB are looking for trouble’

Hon Uzoma Nkem-Abonta, a lawyer, represents Abia State in the House of Representatives. He is said to have moved the highest number of motions on the floor of the House. In this interview, he speaks on the Petroleum Industry Bill, PIB; Nigeria’s centenary celebrations and other national issues.

Apapa terminal gets satellite container system

Port terminal operator, APM Terminals Apapa Limited, has introduced satellite-based container location system capable of ensuring 99.5 per cent accuracy of container location and inventory in the terminal yard to aid prompt service delivery at the port. The equipment includes a satellite-based Global Positioning System (GPS) for containers, and a multi-level container inspection facility for physical examination of containers by Customs operatives.

Controversy dogs Computer Village relocation

Over three years after the pre-qualifying bidding exercise embarked upon by the Lagos State government for the relocation of the popular Computer Village to de-congest Ikeja, and ensure urban renewal, some operators and residents in the area, which houses thousands of technology companies, are agitating and questioning government sincerity about the project.

‘Budget 2013 may lose 50 percent implementation’

As controversy continues to trail 2013 appropriation bill, an economic expert is of the opinion that the Federal Government may not be able to implement up to 50 per cent of the total budget, when the grey areas and other issues surrounding the document are finally resolved. Also, the delay in signing the document due to the face-of between the executive and the legislature if not carefully handled, according to Mr Sulayman Bello, can lead to constitutional crisis.

How FG can support maritime practitioners – Tony Dania

Barrister Tony Dania, is a foremost legal practitioner and maritime expert. In this interview with Saturday Vanguard Business, he gives legal points on germane issues that bother on Nigeria’s national economic development with regard to the maritime, oil and gas business challenges. Excerpts:

Nigeria can stop rice importation by 2015 – AfDB official

The African Development Bank (AfDB) has expressed optimism that Nigeria can stop the importation of rice by 2015, if the right things are done. Dr Patrick Agboma, the AfDB’s Chief Operations Officer, said this in an interview with newsmen in Abuja. Agboma said that all the Federal Government needed to do was to triple rice production from the current production figures.

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