Naira Risks: Dangote to diversify investments to United States
Sequel to the risk associated with naira depreciation and fluctuation, Africa’s richest man, Aliko Dangote, is planning  to take office space in New York, to help  diversify his investments to the United States. The naira has in recent years, come under pressure against the dollar as crude oil prices... Read more
CBN Says No Going Back on FOREX Restrictions on Food Importation
Contrary to belief in some quarters that the Central Bank of Nigeria (CBN)  may review  its policy on fresh Foreign Exchange (FOREX) restrictions for food importation, the Apex Bank has said that there is no going back on the measure for the fact that the  government took the initiative... Read more
FG Needs $3billion to link Itakpe to Abuja by Rail- Amaechi
About $3 billion is required to link Itakpe to Abuja by rail according to the Minister of Transportation, Rotimi Amaechi.   He also The Minister who made the relevation  in Agbor on Thursday during an inspection tour to check the progress of work on the Itakpe-Warri rail project noted... Read more
Nigerian Importers Are Frustrating Patronage of Local Goods Says FG
Nigerian importers have been described as the greatest wreckers of the Federal Government’s efforts to promote patronage of locally manufactured products.   The Minister of Agriculture, Chief Audu Ogbeh made this observation in Abuja on Tuesday when he appeared before the National Assembly Joint Committee on Agriculture to defend... Read more
LCCI Faults Exclusion of Textile Materials from FOREX
The Lagos Chamber of Commerce and Industry (LCCI) has condemned the  exclusion of all forms of textile materials from the foreign exchange market saying it would  pose a threat to the N5 trillion fashion industry.   Director-General of LCCI, Muda Yusuf,  who made this observation  in a statement on... Read more
Ease of Doing Business: Fed Govt Launches Mobile App
 A new Ease of Doing Business (EoDB) Mobile App, Nigeria’s official public service feedback and complaints platform for business environment reforms has been launched on Thursday by the  Federal Government through the Presidential Enabling Business Environment Council (PEBEC).   The web-based portal or platform will enable the PEBEC office... Read more
FG Orders NNPC to Take over Oil Mining License II from Shell
As part of measures to  end hostilities in Ogoniland  which have led to several deaths,  President Muhammadu Buhari  has ordered   the Nigerian National Petroleum Corporation(NNPC) and the Nigerian Petroleum Development Corporation(NPDC)  to take over the operatorship of the entire Operating Mining Lease(OML)  11 from Shell Petroleum Development Company(SDPC)  not... Read more
Hostility to Workers: NLC Plans to Occupy Ogun on Friday
In a proposed siege christened “Operation Occupy Ogun State,”  The President  of the Nigeria Labour Congress (NLC), Com. Ayuba Wabba  has promised  that he would lead Nigerian workers to occupy Ogun State this Friday over alleged hostile policies of Governor Ibikunle Amosun towards the state work force.   Wabba... Read more
2019:Rise in Nigeria’s Unemployment Rate ,Slow Economic Growth Predicted
  A possible rise in Nigeria unemployment rate and slow economic growth in 2019 has been predicted by the Professional services firm, PricewaterhouseCoopers. The predictions are contained in a report titled ‘Nigeria Economic Outlook Top 10 themes for 2019’ that examines Nigeria’s economic prospects in the election year. PwC... Read more
DSS Says It Would Never Tap Phone Lines of Nigerians
The Department of State Services (DSS) has pledged its commitment to its professional ideals and would not engage in unethical conduct of  tapping the telephone lines of Nigerians as it is being claimed that the organization has done.   A political group had alleged that the DSS had tapped... Read more