Twenty six ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Sept. 7 to Sept. 23, according to News Agency of Nigeria. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’, on Thursday in Lagos.

Petrol Prices Likely To Fall

The Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday stated that based on the competition inherent in the Premium Motor Spirit (PMS) price modulation, the price of petrol is likely to fall in the nearest future.

FG Plans Waiver For Indigenous ICT Manufacturers

The Federal government yesterday said it will henceforth stop the importation of any product which local manufacturers have the capacity to produce. According to the government, the gesture is to protect those local manufacturers and give them a market edge against their foreign counterparts.

Egbin Power Plant Owed $352 Million by Government

The federal government is said to be owing Egbin power generating plant N125 billion ($352 million) even as half of its output is wasted because of inadequate transmission infrastructure. CEO of Egbin, Dallas Peavey Jr, stated that out of the roughly 1,300 megawatts currently generated by the facility’s six units, which is close to full capacity, some 700 megawatts are lost since the grid is overwhelmed.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has debunked media reports that the outbreak of armyworm in farms across some states in the country may result in severe food scarcity. The Minister stated this on Wednesday while making a presentation at the Capacity Building Training for ECOWAS member states organized by Food and Agricultural Organization (FAO). The training was organized to teach the 15 participating countries how to control and manage armyworm in the region.

Nigeria Partners With UK To Attract More Investment

The federal government would work with the government of the United Kingdom to stimulate more direct private sector investments into Nigeria. The Minister of Budget and National Planning, Mr. Udoma Udo Udoma, said this in Abuja at a meeting with a delegation from the British government led by the Secretary of State for International Development, Mrs Priti Patel.

Nigerians Must Feel The Impact of Exit From Recession

President Muhammadu Buhari yesterday said the real impact of the country exiting recession will be better felt when ordinary Nigerians experience a change in their living conditions.

Ethiopian Airlines Bids To Take Over Arik Air

Africa's leading airline, Ethiopian Airlines has submitted a formal offer to take charge of a troubled carrier, Arik Air, which accounts for more than half of Nigerian air passenger traffic.

The Minister of Finance, Mrs. Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Monday, confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget, the Punch reports.

Naira Gains As CBN Injects $547m In One Week

The Central Bank of Nigeria (CBN), on Thursday, raised the total intervention for the week to $547 million as against $195 million offered the previous week, in anticipation of Sallah holiday.