Business

Nigeria-UAE trade surges 66.7% to $5bn in 1 year

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 […]
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‘Aviation needs guarantee of new aircraft, not financial support’

‘Aviation needs guarantee of new aircraft, not financial support’

Alhaji Bello Ahmed Alkali is a stakeholder in the aviation sector. He has being in the industry for 21 years now. He was a station manager with Triax Airline, general manager, Tran-Saharan Air, regional manager, Chanchangi Airline, general manger Rahamaniya and director of operations with Trade-Craft. He speaks on the need for government to ensure duty free importation of airplanes spare parts, to address multiple taxation and guarantees purchase of new craft for serious operators, instead of giving financial support.

FG lost over N200bn to manual clearance procedure – ANLCA

FG lost over N200bn to manual clearance procedure – ANLCA

Chairman of the Tin-can Island Chapter of the Association of Nigeria Licensed Customs Agents, ANLCA, Kayode Farinto, has disclosed that the Federal Government lost over N200 billion in revenue to private companies and individuals in the past when cargo clearance documentation was done manually.

Total records N868m unclaimed dividends

Total records N868m unclaimed dividends

Total Nigeria Plc’s unclaimed dividend stands at N868.195 million as at December 31, 2011. According to the company’s report to its shareholders, the value of the unclaimed dividends rose by N168.683 million from N699.512 million recorded at the end of 2010, representing an increase of 24.11 per cent.

Expert hinges economic growth on viable capital market

Expert hinges economic growth on viable capital market

The Nigerian capital market could play a significant role in spurring economic growth through efficient saving mobilisation, capital allocation, information gathering, as well as exerting good corporate governance, says Dr. Kingsley Obiora, an economic expert, who is also Special Assistant to the Chief Economic Adviser to the President.