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 […]
DHL, SON, NAQS, NESREA launch cargo manifest, licenses & permits transmission on NSW
•Signals revolution in Nigeria’s trade value chain By Emeka Anaeto, Business Editor A major shift in Nigeria’s trade modernization journey may have started as global logistics giant DHL, alongside the Standard Organisation of Nigeria (SON) the Nigeria Agricultural Quarantine Service (NAQS) and National Environmental Standards and Regulations Enforcement Agency NESREA), successfully commenced the electronic submission and […]
ELECTRICITY: Liquidity crisis worsens as FG pays 4% of N1.9trn subsidies
By Obas Esiedesa, Abuja The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with fresh data showing it paid only N76.95 billion (about four percent) of the N1.928 trillion subsidy required in 2025. Although the government budgeted N958 billion for electricity subsidies […]
Why we are targeting 7% annual GDP growth – Edun
….Says Nigeria needs $14bn annually to bridge infrastructure gap….As IsDB invests over $2.4bn By Adesina WahabThe Minister of Finance, who is also the Coordinating Minister of the Economy, Mr Olawale Edun, has said the nation is targeting an annual 7 percent growth in its Gross Domestic Product, GDP, so as to take as many Nigerians […]
Deadline Tomorrow: N4.6trn banks’ recapitalisation sparks sectoral battle for funds
“The priority must shift from capital adequacy to economic impact. Nigeria needs banks that work for the economy”
Exports proceeds repatriation: Manufacturers fault CBN’s exclusion of non-oil exporters
By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group (MANEG) have raised concerns over what they described as a policy imbalance by the Central Bank of Nigeria (CBN), following its recent decision to allow International Oil Companies (IOCs) unfettered access to repatriate 100 per cent of their export proceeds. The […]
