Nigeria-UAE trade surges 66.7% to $5bn in 1 year
By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]
Exxon, Shell declare force majeures this week
Nigeria’s latest oil and gas outages have further dented its reputation as a reliable energy supplier, at a time when demand for imports is falling in the United States and Asia has an increasing choice of suppliers.
Dry season farmers to get N1bn agric loan
Dry season farmers in Sokoto state are to get various loans totaling N1 billion to boost food production, Commissioner for Agriculture, Alhaji Arzika Tureta has said.
Cargo train service skeletal two months after launch
The Nigeria Railway Corporation, NRC, is yet to commence full cargo operations two months after launch. The cargo train service was launched alongside the passenger inter-city train service on the penultimate week of December 2012.
FG inaugurates NPA, NIMASA boards, plans new port in Badagry
THERE are indications that both the Federal Government and the Lagos State Government have concluded plans to construct a mega port with a view to decongesting the Lagos ports.
CBN, NAMB agree on review of micro finance banks’ recapitalisation
The Central Bank of Nigeria (CBN) and National Association of Micro Finance Banks (NAMB) have agreed to set up a technical committee to resolve “grey areas’’ in the recapitalisation of micro finance banks
Reps to probe Destination Inspection contract
Federal House of Representative is set to probe the Destination Inspection contract between the federal government and the three service providers, Cotecna Destination Nigeria Limited, SGS and Global Scansystems.
House faults Web Fontaine over $6m monthly revenue
House of Representatives Committee on Customs has slammed Web Fontaine, which powers the Automated System of Customs Data (ASYCUDA), over inadequate provision of infrastructure at the sea port.
Escravos pilots threatens to down tools at Delta ports
MEMBERS of the Escravos Ship pilots, a group of marine pilots, have threatened to stop providing pilotage services to vessels that calles at the Delta ports following the inability of the Nigerian Ports Authority (NPA) to meet ts financial obligation to them.
New pension guidelines to boost capital market activities – Report
The new Pension guideline that allows pension fund administrators to invest part of their income in Exchange Traded Funds, ETFs, as well as global depository receipt will help in boosting activity in the capital market in 2013.
Presidency tasks Competitiveness Board to improve investment climate
President Goodluck Jonathan has charged the newly constituted Board of the National Competitiveness Council to improve the country’s investment climate and create more markets for products made in Nigeria.
