The Nigeria’s Ambassador to Indonesia, Mr. Hakeem Balogun, has expressed desire to deepen existing economic ties between Nigeria and Indonesia.
4,550 Farmers Registered For Fadama III AF In Taraba
Taraba Government says it has registered 4,550 farmers and 2,689 households as beneficiaries of Fadama lll Additional Financing (AF) l and ll project in the state.
Nigeria To Witness Lower Growth Rate Despite Exiting Recession - UBS Intl
Following the improvement of macro economic prospects in Africa, a wealth management investment company, UBS International, has said that Nigeria’s economic growth rate may not likely to return to its previous high, after recovering from recession this year.
Foreign Reserves Rises To A 31-Month High Of $33bn - CBN
External reserves of one of Africa’s biggest economies, Nigeria, have hit a 31-month high of $33 billion. This information was revealed by the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, while speaking on Thursday at the ongoing 24th seminar for Finance Correspondents and Business Editors in Awka, Anambra State.
Over N112bn Saved From Local Production Of Fertilizer
The Federal Government says the local production of blended fertilizer has saved the country N112bn. The Special Assistant to the President on Media and Publicity, Garba Shehu made this known at the weekend during an audience participation programme titled Hannu Ya Dawa organized by FRCN Kaduna. While giving a breakdown of the figure, Shehu said about N52bn usually spent on foreign exchange as well as the N60bn budgetary allocation for fertilizer subsidy were all saved by the current administration.
Rivers Communities Shut Oil Well Over Perceived Neglect
Youths from five communities in Ahoada West Local Government Area of Rivers State on Thursday shut a Nigerian Agip Oil Company oil well over alleged neglect of the communities.
CBN Directs Immediate Implementation Of Electronic Capital Importation Certificate
Desirous of enhancing foreign investment flow into the country, the Central Bank of Nigeria (CBN) has directed banks and other authorized dealers to immediately commence the issuance of electronic Certificates of Capital Importation (eCCI) with effect from today.
South East Region Need 3 Inland Ports To Boost Economy – Oduah
The senator representing Anambra South Senatorial District, Princess Stella Oduah, has stated that the South eastern part of the country requires a minimum of three container ports to boost the economic growth of the country.
FG TO Commercialise NIGCOMSAT
The Minister of Communications, Barr Adebayo Shittu, has disclosed that Nigerian Communications Satellite Limited (NIGCOMSAT) is to be a competitive commercial service provider and to also manage government investment in communications satellite through commercialization of the services of the satellite.
Nigeria Customs Intercepts N1.4BN Contrabands
The Nigeria Custom Service (NCS), Zone B, Kaduna said it has intercepted over N1.14 billion worth of contraband between January and August 2017. The Comptroller of the Command, Aminu Sahiru made the disclosure on Wednesday in a chat with NAN in Minna, the Niger State capital. He hinted that a total number of 1, 357 items such as illicit drugs, mosquito coil, furniture, tyres, tin tomatoes, vegetable oil rice and drones among others were seized during the period.
Five Ships Have Arrived Lagos So Far
Emerging reports indicate that five ships laden with Maize, ethanol and wheat have berthed at the Lagos and Tin Can Island ports. According to the Nigerian Ports Authority's daily Shipping Position obtained on Saturday by Punch, Eike Oldendorff, arrived at the Joseph Dam terminal at the Tin Can Island port bearing 36,850MT of wheat valued at $5.7m while Cape Daly, arrived at the ABTL terminal on September 1 carrying 10,150 metric tons of ethanol worth $421,935.5 at the current market value of $41.57 per metric ton.