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 […]
Nigeria paid $22.5bn freight charges to foreign ship owners in four years
The Federal Government and some Nigerian importers paid 22.5 billion dollars (N3.3 trillion) as vessel charter freight to the foreign ship owners in four years.
Low intra-regional trade worries ECOWAS
Members of the ECOWAS Parliament have deplored the low intra-regional trade profile of West Africa and “the pressure brought to bear by the European Union on trade liberalisation between the two zones”.
NES seeks partnership with Fiscal Commission to ensure economic balance
The Nigerian Economic society (NES) said on Wednesday in Abuja that it would partner the Fiscal Responsibility Commission to ensure economic balance in the country.
IOSCO raises concerns on ETFs, cautions stock exchanges
The International Organization of Securities Commissions, IOSCO, has cautioned capital market regulators and stock exchanges around the globe on the need to exercise prudence in their roll out of Exchange Traded Funds, ETF, due to the various risks associated with this type of investment vehicle.
AMAA, Nigeria’s best export to the world – Hot shot boss
Chief Executive Officer of Hot Shot, a data based marketing communication and a subsidiary of Troyka Group, Mr. Dayo Adefila has described Africa Movie Academy Awards (AMAA) as one of the country’s best export to the world.
FG sets up two c’ttees to improve trade, investment
THE Federal Government has set up two committees that would improve the flow of trade and investment to the country. They are: ‘Doing Business and Competitiveness’ and ‘Investor Care’ committees.
Agrikexpo: Foodbext, NAFDAC, LCCI collaborate
FoodBext, in collaboration with National Agency for Food Drug Administration and Control (NAFDAC) and the Lagos Chamber of Commerce and Industry (LCCI), is set to showcase AGRIKEXPO, which has been described as a fulcrum that will redefine commercial agriculture in Nigeria and West Africa.
FCMB says not likely to pay dividends for 2011
Shareholders of First City Monument Bank, FCMB, Plc should brace up for tough times, as the bank has said that it is unlikely to pay dividend to shareholders for its 2011 financial year, going by its huge provisions for Non-performing loans
National Security: Halogen sets agenda at IFSEC 2012
“With the rising crime rate and raging terrorism attacks in parts of Nigeria, there is need for concerted efforts to solve the national challenge. Therefore, I would advice that government involves registered professional security companies to support the armed forces and other government security apparatus in the process of addressing the challenge of terrorism in the country.”
Labour accuses nationalised banks of unfair practices
NATIONAL Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has accused the three nationalised banks in the country of unfair practices, even as it said the management of Access Bank had invited it for a meeting to find solution to the dispute between both parties over a recent retrenchment in the bank, among other issues.
