• Smuggling: NCS intercepts 506 bags of foreign rice

    Nigeria Customs Service ( NCS ) said its command in Sokoto, Kebbi and Zamfara zone had intercepted 506 bags of foreign rice concealed in bags of beans smuggled into the country. The command’s Controller, Mr Nasir Ahmad, made this known to newsmen on Wednesday in Sokoto, and said that the ...

  • Pakistan Begins Purchase Of Nigeria’s Liquefied Natural Gas

    Amir Khan, Pakistan’s head of chancery, says the country has commenced the purchase of liquefied natural gas (LNG) from Nigeria. Khan told NAN on Tuesday that the first consignment of 70,000 metric tons of gas arrived at Pakistan’s Port Qasim in Karachi. He said the importation marked the beginning of ...

  • Import prohibition attracts $10b investment, says CBN

    The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said the import prohibition policy of the apex bank has attracted investment valued at $10billion into the country. The CBN chief spoke in Abuja during an interactive seesion with  the Joint House Committees on Finance, Appropriation; Aids, Loans & Debt Management ...

  • Fed Govt takes over Lagos Trade Fair Complex over N6b debt

    The Federal Government has finally taken over the Lagos International Trade Fair Complex (LITFC) over alleged breach of agreement by the concessionaire, Aulic Nigeria Limited. At a press conference in Lagos yesterday, the Executive Director/CEO, LITFC Management Board, Mrs. Lucy Ajayi, said the concessionaire breached the agreement by not remitting ...

  • Auto dealers lose N1.7b to customs, army raids

    • Dealers seek 20% duty The Association of Motor Dealers of Nigeria (AMDON) yesterday lamented that its members lost about 400 vehicles valued at N1.7billion to incessant raids by officials of the Nigeria Customs Service (NCS) and the Army. Its National President, Ajibola Adedoyin,  who raised the alarm during a ...

  • Creating entrepreneurs through technology incubation

    The establishment in 2005 of the National Board for Technology Incubation (NBTI), a Federal Government’s organisation charged with the responsibility of coordinating the government’s-owned Technology Incubation Centres (TICs), has helped to create new entrepreneurs. One of the TICs in Minna, Niger State, is giving entrepreneurs the tools and space to ...

  • Nigeria:NIPC, Unido Launch Investment Analysis Software Centre

    [This Day] Abuja -The Nigerian Investment Promotion Commission (NIPC) has launched an investment project analysis software and Centre of Excellence for Micro Small and Medium Enterprises (MSMEs), COMFARLITE, in collaboration with the United Nations Industrial Development Organisation (UNIDO).

  • Nigeria:Obi - Nigeria's U.S.$30 Billion Reserves a Disincentive to Investors

    [This Day] A former Governor of Anambra State, Mr. Peter Obi has said that the ongoing efforts by the federal government to attract foreign investments are being hampered by Nigeria's low reserves, saying that the $30 billion reserves is a disincentive to foreign investors.

  • Economía.- La AIREF estima que Cataluña crecerá un 0,5% en el cuatro trimestre, casi la mitad de lo previsto

    MADRID, 28 (EUROPA PRESS) El presidente de la Autoridad Independiente de Responsabilidad Fiscal (AIREF), José Luis Escrivá, ha asegurado que el crecimiento del PIB catalán será en el cuarto trimestre del año de un 0,5%, casi la mitad del 0,9% previsto como consecuencia de la incertidumbre tras el ...

  • UNESCO, World Bank to partner on early child education

    The United Nations Organisation for Education, Science and Culture (UNESCO) has commenced talks with the World Bank to expand advocacy and supports for early childhood education in the country. UNESCO Regional Director, Mr. Ydo Yao, who stated that every Nigerian child has right to early childhood learning said there was ...

  • Osinbajo: electricity tariff hike inevitable

    Vice President Yemi Osinbajo said yesterday that higher electricity tariff was inevitable. He urged Nigerians to brace for a new regime. He spoke at the Sixth Presidential Business Forum held at the old Banquet Hall, Presidential Villa, Abuja. The forum, which focused on agriculture and its value chains, had the ...

  • NFF to Take 100 Fans to World Cup to Cheer Super Eagles

    The Nigeria Football Federation(NFF) will be one of the big spenders for next year’s world cup in Russia as plans have been mapped out to spend whooping dollars- worth billions of naira- to sponsor 100 Nigerians to Russia to cheer the Super Eagles. The plan, which has been described as a special ...

  • War is driving Afghan girls out of school

    Source: Human Rights Watch Country: Afghanistan, NigeriaCountries in conflict, donors and relief agencies need to recognize that helping girls stay in school is critical for any country’s post-war reconstruction and development.Governments Need to Better Protect Girl Students from Attack Heather Barr Senior Researcher, Women's Rights Division “There were two bombs in the school,” said ...

  • Economía/Finanzas.- Nuevos exaccionistas de Popular presentan un recurso contra el FROB por la resolución de la entidad

    MADRID, 27 (EUROPA PRESS) José Mompo Sánchez y María Angeles Samper Selles han presentado un nuevo recurso contencioso administrativo contra el Fondo de Reestructuración Ordenada Bancaria (FROB) por la resolución de la entidad el pasado mes de junio, según consta en el Boletín Oficial del Estado (BOE).

  • ‘Why Senate Passed Kabba Agric Varsity Bill Into Law’

    BY BODE GBADEBO, Abuja – The need to address educational needs and bring about economic transformation for the people of Kogi State and the nation at large has informed the decision of the Senate to pass into law, the Bill seeking the upgrade of the College of Agriculture, Kabba, to ...

  • Ship owners call on NIMASA to release $100m Cabotage Fund

    The President, Nigerian Shipowners Association (NISA), Mr Aminu Umar, has called on the Federal Government to intervene in delayed disbursement of the Cabotage Vessel Financing Fund (CVFF) to sustain shipping business. Umar made the call in an interview with the News Agency of Nigeria in Lagos on Sunday. NAN reports ...

  • We follow statutory procedures in granting import duty waivers

    The Federal Ministry of Finance says that due process is always followed in granting import duty waivers to importers, as part of efforts to check corruption and abuses of government’s fiscal incentives. The Director of Information, Ministry of Finance, Mr Salisu Dambatta said this in a statement issued on Sunday ...

  • CBN Spends N6bn On ABU Business School

    The Central Bank of Nigeria (CBN) spent about N6 billion to establish a business school in the Ahmadu Bello University (ABU), Zaria, Kaduna. The university’s Vice-Chancellor, Ibrahim Garba, made this known on Saturday at ABU’s 40th convocation ceremony held at its main campus, Samaru, Zaria. Mr. Garba said the business ...

  • Black Friday nos supermercados foi pouco sentida pelos consumidores

    A expectativa dos consumidores de que conseguiriam promoções nos supermercados neste período de Black Friday se frustrou. É o caso do militar Marcelo José da Conceição, 44 anos. “Mesmo os mercados anunciando descontos, eu não notei diferença nos preços”, comentou. Para ele, que vai ao mercado frequentemente, os valores se ...

  • ECOWAS To Increase Excise Duty on Tobacco Products, Regional Revenue

    By Chinelo Chikelu, Abuja ECOWAS has begun talks to increase excise duty on tobacco products, a measure that is targeted to raise revenue for member states and decrease tobacco consumption in the region. This is one of the major topics of discuss by the Financial Council of Ministers meeting held ...

  • Nigeria’s borders are open to foreign investors

    The Nigeria Immigration Service (NIS) says it is promoting the policy of selective migration that opens the country’s borders to genuine investors across the world. The NIS Comptroller-General, CGI Muhammad Babandede, said this on Friday in Uyo while fielding questions from newsmen during the Executive Leadership Retreat for senior management ...