Trading

Nigeria has launched the Covid-19 Action Recovery and Economic Stimulus, NG-CARES, a multi-sectoral programme designed to support vulnerable and poor Nigerians.   The programme is also aimed at providing emergency relief to small holder farmers and Micro Small and Medium Enterprises, MSMEs, especially those that were adversely affected by the Covid-19 pandemic.   The World […]

The National Economic Council in Nigeria says deliberations on the issue of subsidy on premium motor spirit are ongoing and that no decision has been taken on it.   Governor Godwin Obaseki of  Edo State, Southern Nigeria, stated this while briefing State House correspondents on Thursday after the meeting of the Council presided over by […]

The Edo State Governor, Mr. Godwin Obaseki has said the state government is determined to exploit its mining, oil and gas assets to boost economic growth.   The governor, who said this at the management leadership strategy retreat for members of the Edo State Executive Council, in Lagos, stated that there was the need for […]

The Edo State Governor, Mr. Godwin Obaseki has called for the support and collaboration of entertainers and other stakeholders in the state’s creative industry to grow the entertainment sector, boost the state’s economy and create more jobs for youths, leveraging the opportunity of the world-class Sir Victor Uwaifo Creative Hub built by the state government. […]

A company, Star Global Marketing Ltd., dealers on medical equipment, on Wednesday prayed a Lagos High Court for a declaration that N69.5 million owed it by Osun Government should be paid.   Star Global Marketing Ltd., the claimant, brought an application for judgment in suit No: LD/ADR/3607/2021.   The defendant are Osun State Government, Ladoke […]

The Nigerian Cabinet has approved N56.2 billion for two projects in the Federal Capital Territory (FCT).   The FCT Minister, Malam Muhamad Musa Bello disclosed this to newsmen at the end of the Federal Executive Council meeting held on Wednesday 19th January 2022.   In a statement signed by the Chief Press Secretary to the […]

ABUJA — Nigerian President Muhammadu Buhari is unveiling a massive pyramid of rice harvested by farmers to pay back bank loans they borrowed to expand their production. Nigerian officials say the low-interest loans helped more than double the average yield of rice and maize, ending the country’s dependence on rice imports. The Central Bank of […]

The Rice Farmers Association of Nigeria (RIFAN) says the country will commence exportation of rice in the near future to engender the twin benefits of food security and economic diversification.   Mr Ado Hassan, Secretary of the Kano State chapter of RIFAN, made this known in an interview with the News Agency of Nigeria (NAN) […]

The European Union (EU) on Tuesday announced a contribution of the sum of 1.5 billion euros to combat humanitarian crises across the globe in 2022.   The EU disclosed this in a statement issued by its commission on Tuesday, in Abuja.   According to the statement, the bloc which is at the forefront of global […]

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $86.54 per barrel as at Monday, Jan. 17.   This is compared with $85.46 per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria (NAN), Abuja as released […]