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 […]
Low debt-GDP ratio not sole determinant of borrowing capacity — Afrinvest
FINANCIAL experts have indicated that Nigeria’s low debt to GDP ratio should not be the sole measure of its borrowing capacity.
Oil price rises to $62.53
OIL price rose further, yesterday, with Brent climbing 46 cents to $62.53, while West Texas Intermediate, WTI rose 23 cents to $55.87 a barrel, the highest since July 2015 as Saudi Arabian King Salman’s anti-corruption drive shook the world’s biggest crude exporter.
SON to commence products authentication
THE Standards Organisation of Nigeria (SON), yesterday, said it has concluded plans to commence implementation of products authentication scheme before the end of this year, just as the organisation’s enforcement team has confiscated large consignments of suspected unfortified and substandard sugar and flour based products like pasta and spaghetti in several locations in the North East.
Lagos court hears Stanbic IBTC, Infidelity Snacks & Beverages case next week
AN Igbosere High Court will on November 16, 2017, hear a suit filed by Infidelity Snacks and Beverages Ltd against Stanbic IBTC Bank Plc, asking for N2,076,801,430.42, as damages of alleged breach of contract.
NAICOM laments non-compliance with compulsory insurances
THE National Insurance Commission (NAICOM) has lamented the non-compliance to compulsory insurance stating that resistance is still coming from both government and people.
