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Forex: FG blames Low Export Earnings, Plans Diversification

The Federal Government has linked the country’s foreign exchange scarcity to its low export earnings. Speaking at the 40th annual Conference of the Chartered Institute of Directors on Thursday, in Abuja, the Minister of Finance and Coordinating Minister of Economy, …

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Banks’ USSD Debt To Telcos Hits N200bn

Resolving USSD Face-Off Between Banks And Telecom  Firms

Banks now owe telecommunication firms N200bn for Unstructured Supplementary Service Data services. This is following a slowing of negotiations between the banks and telcos. Telecom operators disclosed this on Thursday at the Nigerian Communications Commission industry interactive session with the …

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Presidency Plotting To Foist One-Party On Nigerians, PDP Alleges

Debo Ologunagba The Peoples Democratic Party has alleged that there is a plot by the Presidency to foist one party, the All Progressives Congress, on Nigerians. PDP National Publicity chair, Debo Ologunagba, who stated this in a statement on Wednesday …

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NNPCL Flags Currency Crisis As Barrier To Investment

How NNPCL Withheld N8.48tr From Federation Account - RMAFC

…Gas demand may hit 12.2 BCF/d by 2030s, NUPRC projectsThe Nigeria National Petroleum Company Limited (NNPCL) said currency volatility remains a major obstacle to investment, stressing that exchange rate fluctuation casts uncertainty over potential returns. Speaking at the ongoing 41st …

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SAATM Will Reduce Africa’s Trade Deficit By 51% – Keyamo

FG okays $1.6bn new PH, Warri ports

Festus Kayamu The Minister of Aviation and Aero Development, Festus Keyamo, has said implementation of a Single African Air Transport Market would reduce Intra-African trade deficit by 51 per cent. He disclosed at a workshop on African Aviation Market Integration …

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World Bank Disburses $300m Palliative Loans

World Bank Downgrades Nigeria’s 2023 GDP Growth to 2.8%

The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up. Media on Wednesday learnt that the bank has disbursed about $299.99 million to Nigeria under the National Social Safety Net Programme-Scale Up approved …

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FG Signs 250MW Power Sale Deal With Discos

FG to install N3bn power substation in Kwara

The Federal Government through the Niger Delta Power Holding Company has signed a Power Purchase Agreement with utility companies to distribute a total of about 250MW across the country. A document obtained from NDPHC by media source said the power sale transactions …

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Kikelouse Kikelomo

Mrs. Kikelomo Adeniyi is the National President of the Customs Officers Wives Association(COWA) and indeed a darling of the maritime media as she was a member of the family just as her husband the Comptroller General of Customs is an …

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Global Economy: Global Manufacturing Maintains Sluggish Growth Pattern, Signaling Economic Challenges… 

In October, global manufacturing output faced its fifth consecutive monthly decline, driven by a notable drop in intermediate and investment goods production, although there was some growth in consumer goods. Simultaneously, the service sector experienced its fifth consecutive month of …

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African Shipowners To Unveil Regional Shipping Line By 2024

The co-Champion for Transportation of the Africa Continental Free Trade Area (AfCFTA) and Secretary General African Ship-Owners Association, Funmi Folorunsho, has revealed plans for the launch of an Africa shipping line in the first quarter of 2024 to foster economic …

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MTN Plans 9mobile Spectrum Acquisition

MTN, Mafab to launch 5G soon as FG hands over spectrum to NCC

MTN Nigeria is in talks with 9mobile to acquire its operating spectrum. The spectrum trade deal between Emerging Markets Telecommunication Services Limited and MTN Nigeria is still an ongoing conversation, according to sources close to the matter. A source told media …

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Customs Collaborates With Tech Experts To Prevent Cyber Attacks On E-Auction Portal 

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has said the service is actively collaborating with technology experts and cybersecurity specialists to implement advanced security protocols that can thwart any attempt to compromise the e-auction platform once …

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Seme Customs Rake In N8bn From Exports

Customs Detains Officer In Viral Video, Says He Needs Medical Evaluation

The Nigeria Customs Service, Seme Area Command, said it facilitated N8bn worth of export cargoes from September till date. The Customs Area Controller in charge of the command, Timi Bomordi, said this on Tuesday while addressing journalists at the command …

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CBN Extends Validity Of Old Naira Indefinitely

NLC protests: CBN to flood banks with old naira notes

The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira notes beyond …

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Plans Underway To Phase- Out ECOWAS Trade Liberalization Scheme

As AfCFTA  awaits protocols, Nigeria Customs to invest in export procedures Customs expects tumble in revenue as import slides Plans are underway to phase out the ECOWAS Trade Liberalization Scheme (ETLS) as soon as the African Continental Free Trade Agreement (AfCFTA) …

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The first time I had sex, a year ago, I was a second-year undergraduate student. I was 21 years old and had never dated before, still haven’t. I wanted to lose my virginity, but I didn’t want my first time …

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BEARS: Ajaero: Onanuga Must Go

Onanuga It is becoming clearer why President Tinubu  had to consider Bayo Onanuga  as an after-thought  political aide. Onanuga was unapologetically acidic in his confrontation against the APC and Bola Ahmed Tinubu’s opposition candidates and political parties.   This, of course, got him condemnations …

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BULLS: CILT  Passes Confidence In Usoro, Ambi

CILT Tasks FG To Streamline Rail, Road Infrastructure Management

Mrs Mfon Usoro Recently, Mrs Mfon Usoro was re-elected National President of the Chartered Institute of  Logistics and Transport(CILT) Nigeria, considered very deserving by many members and stakeholders.   Also, Bashir Ambi was elected Chairman of CILT Nigeria, Lagos Chapter, last week …

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CILT Lagos Re-elects Bashir As Chairman

Chartered Institute of Logistics and Transport (CILT Nigeria) Lagos State Branch has conducted elections into various offices, even as Mr Bashir Mohammed Ambi has been re-elected into the exalted office of the Chairman. Swearing in the new executive officers, the …

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We Don’t Need Free Money But Access To Single Digit Loan – Prof Okonkwo

Prof. Obiora Okonkwo Prof. Obiora Okonkwo is the Chairman and Chief Executive Officer(CEO) of United Nigeria Airlines and Publicity Secretary of Airline Operators of Nigeria(AON). In this interview, explains why flights are delayed or cancelled; why NCAA should take up …

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