By Babajide Komolafe ECONOMY The Organised Private Sector (OPS) has reaffirmed commitment to continued deployment of the Lagos Economic Summit (Ehingbeti) as a channel for setting developmental agenda for Lagos State.  The Summit which will hold virtually for the first time is scheduled to hold    from Tuesday 16   to Thursday 18   […]

ECONOMY By Princewill Ekwujuru The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China was about $2billion in the form of mineral oils and fuels, oil seeds, plastics, rubber, animal products, shipping vessels and fruits. Vice President, Strategy and Partnerships, MIE Groups, Zahoor Ahmed, revealed […]

By Yinka Kolawole The Company Income Tax CIT) generated in Nigeria decreased by 28.91 percent, quarter-on-quater (QoQ), to N295.72 billion in the fourth quarter of 2020 (Q4’20) from N416.01 billion in Q3’20. Disclosing this in its report on the sectoral distribution of CIT for Q4’20 released yesterday, the National Bureau of Statistics (NBS) further noted […]

*As capital inflow drops 71% By Elizabeth Adegbesan ECONOMY The nation’s trade deficit rose month-on-month (MoM) by 11 percent to $1.27 billion in October from $1.14 billion in September 2020, just as capital inflow fell by 71 percent to $19 million from $27 million within the same period. The fall in capital inflow was  due […]

The African Development Bank, AfDB, and the European Investment Bank, EIB, have signed a Joint Partnership Action Plan (JPAP) to fast-track development in the African continent.