Against the backdrop of over one year shutdown of Nigeria’s land borders, the Nigeria Customs Service (NCS) has overshot its revenue target by 13.2 percent in 2020 while surpassing the 2019 performance by 16.4 percent.

ECONOMY By Providence Adeyinka President of the Association of Bureaux De Change Operators of Nigeria, ABCON, Alhaji Aminu Gwadabe, has highlighted steps to achieve a virile real sector growth in Nigeria. He said that the Nigerian business environment is becoming more hostile and unbearable, adding that the adverse business environment is being compounded by the […]

Commodity imports up 1.9%, exports down 0.3% By Yinka Kolawole & Emmanuel Elebeke ECONOMY The National Bureau of Statistics (NBS) has reported that Nigeria’s terms of trade (ToT) decreased by 2.13 percent in the third quarter of 2020 (Q3 2020). NBS noted in its quarterly report on Commodity Price Indices and Terms of Trade (Q3 […]

This reassurance was given during 9mobile’s Enterprise Customer forum 2020 in Port Harcourt recently. The Forum is designed to appreciate customers for their loyalty while receiving their feedback for better service response.

Chairman, Manufacturers Association of Nigeria, MAN, Apapa Branch, Engr. Frank Onyebu, has said that the persistent double digit inflation rate in the economy was occasioned by up-surge in exchange rates.

Nigeria’s investment inflows in the third quarter of 2020 (Q3’20) has rebounded from the COVID-19 decline, posting a 1,480 percent increase to $3.95 billion from $0.25 billion in the second quarter (Q2’20).

The Central Bank of Nigeria (CBN) has reported a negative consumer expectations in its fourth quarter 2020 Consumer Expectations Survey (CES). The survey report stated: “Consumers’ overall outlook was negative in the current quarter, as consumers were pessimistic in their outlook. However, consumers have a positive outlook for the next quarter and the next 12 months.

Paxful, a global peer-to-peer crypto marketplace, has introduced Carbon as one of the payment methods to its platform with a view to delivering a seamless user experience. The addition will enable users to apply for loans, invest, view credit reports, and track expenses.

The Federal Government has commenced moves to attain the top 70 in the World Bank Ease of Doing Business ranking by 2023 with the adoption of National Action Plan 6.0 (NAP 6.0), as well as reduce malnutrition in Nigeria by 50 percent in the next five years.

Winners have emerged in the  National Company of the Year Competition (NCOY) organised by the Junior Achievement Nigeria (JAN).

The Central Bank of Nigeria (CBN) has released the sum of  N12.552 billion to large, medium and small-scale poultry farmers in the country  as part of its strategy to boost egg and meat production while creating more jobs in the sub-sector.

Chairman of Ghana National Petroleum Corporation, Prof Wunmi Ilebare, has said that Nigeria still has the chance to stir economic growth ahead of the use of fossil fuel as main source of global energy with the passage of the Petroleum Industry Bill (PIB).

As PenCom pays N20bn to the dead By Peter Egwuatu ECONOMY THE National Pension Commission, PenCom, recorded fund withdrawals by pensioners amounting to N14.96 billion through 26,458 Retirement Savings Account (RSA) holders under the age of 50 in the last nine months. This represents an increase of N1.5 billion or 11.14 percent  from N13.46 billion […]

Manufacturing sector operators have indicated that many factories may not open for activities next month due to the impact of COVID-19 fallouts as well as scarcity of foreign exchange supply.

There were indications that the sealing of the office of Seplat Petroleum by a court order was a collateral damage to the petroleum firm in a fall out of the failed loan agreement between Access Bank Plc and Cardinal Drilling Services Limited.