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Tag Archives: Nigeria

Recovery signs emerge as Nigeria returns to Africa’s top oil producer

Ibe Kachikwu

The reign of Angola as the leading oil producer in Africa has finally come to an end as hostilities reduces to barest minimum in the Niger Delta. At the height of the vandalism and kidnapping of oil workers in producing communities, Nigeria’s oil production waned drastically to an all time low of 800bpd, but recent peace overtures and cementing of ...

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Why Nigerians, Eritreans topped list of ‘risky’ sea voyagers to Europe – UNHCR

Migrants at sea

Leading social commentator and Lagos based lawyer, Dr. Moses Edun has given insights on why Nigeria and war-torn Eritrea topped the list of African migrants risking their lives to cross the Mediterranean Sea to Europe. In a telephone interview with Business Hilights, he said “The lack of ease of doing business coupled with poor youth tailored policies cannot ne unconnected ...

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Customs’ 100% examination, N9.1mn daily demurrage amount to official fraud–Importers

Customs checkpoint

Nigerian importers and clearing agents have vowed to challenge the new policy of the Nigerian Customs Service (NCS) seeking 100 per cent examination of containers and N9.1mn daily demurrage in case a container stays longer grace period of four days. Though the new directive is stemming from the recent interception of a container containing 661 pump-action rifles imported into the ...

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How Trump’ll outsmart China in Nigeria very soon

Buhari M

The stage for the battle for the heart of Nigeria which China had begun ahead of US President Donald Trump’s election seems to be getting hotter by the day. This is coming from the recent strategic presidential phone call by Trump on President Muhammadu Buhari explaining readiness to grow Nigeria’s bilateral relations with the US. However, experts say China may ...

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Inflation rate at 18.72% smacks FG’s 11 reasons to believe recovery from recession

Osinbajo buhari

Less than three days after the federal government rolled out what it described as 11 reasons to show that recession is fading away, the National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report released on Wednesday in Abuja said the 18.72 per cent rise in inflation rate is 0.17 percentage points higher than the18.55 per cent recorded ...

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Heritage bank, others still withholding MDAs fund meant for TSA

Heritage bank

More than one year after, the federal government has once again decried the resistance of some money deposit banks (MDBs) in effecting complete compliance to the Treasury Single Account (TSA) regime by remitting all funds belonging to MDAs. Otherwise, the government is expressing worry as few banks are still frustrating financial plans and performance of the government by trapping funds ...

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NITDA working with relevant agencies to inject ICT into schools curricula

computer class

As part of renewed efforts to grow Information and Communications Technology (ICT) in the Nigerian school curricula, the National Information Technology Development Agency (NITDA) has commenced consultations with the National Universities Commission (NUC), the National Board for Technical Education (NBTE) and other relevant Agencies. The new move according to NITDA will among other things incorporate courses on information and communication ...

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FG gives 11 reasons, claims economy on way out of recession

Udoma, Buhari, Adeosun

The Presidency on Tuesday announced that the nation’s economy which is currently in recession has started gradual recovery and growth. Details obtained from the 23rd newsletter published by the Presidency Office of Digital Engagement, and posted on the official website of the Presidency, @AsoRock show that the Presidency said there were 11 reasons to prove that the nation’s economy was ...

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NiRA inks deal to boost IPv6 in the country

Nira logo

The Nigeria Internet Registration Agency (NiRA) has sealed a memorandum of understanding (MoU) with the African Network Information Centre (AFRINIC) and its Academy in Kenya, to develop and certify skills in Internet number resources management to grow IPv6 in Nigeria. Currently, IPv6 is the most recent version of the Internet Protocol, which provides an identification and location system for computers ...

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$300m loan scheme coming for young farmer, says CBN

smes logo

Another vista by the federal government to deepen uptake of farming business across the country has been launched. Coming as the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), it will establish a 300 million dollar agribusiness loan project for young farmers across the country. NIRSAL is an arm of the Central bank of Nigeria (CBN) that provides agribusiness ...

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