Trade between Nigeria and France has reached the $7.3 billion mark, according to French Ambassador to Nigeria. In his remarks at a ceremony to mark the 222nd French National Day in Abuja, de Labriolle said the figure was more than the GDP of 20 African nations combined, 10 of which are in West Africa.

The oil and gas sector of Nigeria’s economy is poised for greater economic activities this fiscal year as the petroleum minister, Mrs. Diezani Allison-Madueke, disclosed, last week, that the revised version of the Petroleum Industry Bill (PIB) would be sent to the National Assembly for consideration within 14 days.

…As official asks customers to pay N25,000 for pre-paid meter
As the new tariff regime by the Power Holding Company of Nigeria (PHCN) commences, customers have protested arbitrary increase in their electricity bill for the month of June 2012.

The practice of banking should be restricted to professionally qualified bankers, so as to safeguard the industry from further crisis, says Dr. Bode Ayorinde , Pro Chancellor/Chairman of council, Achievers University, Iwo.

…As Fashola inaugurate 60 air-conditioned meat vans, co-operative college
THE Federal Government has approved N330 million grants to assist 20,000 farmers in Lagos State, a measure geared towards increasing food production in the country.