The Federal Government has assured the Islamic Republic of Iran of Nigeria’s readiness to cooperate with it on issues of national development. Mr Okechukwu Enelamah, Minister of Industry, Trade and Investment, expressed the view when he received the Iranian Deputy Minister of Industry, Mines and Trade, Mr Muhammed Fayyas in his office.

There are strong indications that Nigeria’s oil output, and by extension the nation’s N7.44 trillion 2017 may be facing new threat as attacks on oil facilities gradually return to the Niger Delta.

Mr Babatunde Fashola, the Minister of Power, Works and Housing, has allayed fears of Electricity Distribution Companies (Discos) over government’s investments in solar energy plants.

The Bankers Committee says commercial banks will start the disbursement of the N26 billion equity contributions to Small and Medium Enterprise (SMEs) in agriculture by end of 2017 third quarter.

The Central Bank of Nigeria (CBN) has injected $195 million into the inter-bank of the foreign exchange (forex) market.

The National Bureau of Statistics (NBS) says Nigeria has realised more than N118 trillion from crude production and refining from 1961. The NBS report, which has additional data from the Nigerian National Petroleum Corporation (NNPC), collated its statistics from 1961 till 2014.

Africa’s richest man and most successful industrialist, Aliko Dangote, today revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes.

Nigeria has revised its policy on Population for Sustainable Development to engender an improvement in the living standards of the people.

Nigeria’s foreign exchange reserves rose 3.12 per cent month-on-month to $32.74 billion by Oct 3, the Central Bank of Nigeria (CBN), had said, indicating a significant growth in the country’s dollar savings.

Central Bank of Nigeria (CBN), in continuation of its efforts to sustain FOREX liquidity in the country has intervened in the inter-bank Foreign Exchange Market to the tune of $195 million. Figures released by the Bank show that it offered the total sum of $100 million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million.