The House Committee on Shipping Services of the House of Representatives has assured that the new Shippers Council bill which has past the second reading at the lower chamber will be signed into law by June this year. The Committee also promised that they are working on the establishment of a maritime bank to ease… Read more

The stock market sustained bullish trend last week as investors on the Nigerian Exchange Limited, NGX, gained N2.1trillion. Though the market recorded mixed sentiment, the gains outweighed the losses as the NGX market capitalisation, which represents the total value of investment on the Exchange, surged to N59.416 trillion at the close of trading on Friday… Read more

The Katsina State Government via the State Governor, His Excellency, Dikko Radda, has aligned with The Alternative Bank’s mission to support rural economies through innovative financial solutions, tailored to empower local businesses and stimulate sustainable development across the state. The Bank, in a statement disclosed this, saying the official endorsement marks a significant milestone for… Read more

Consumer prices remain stubbornly elevated in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate, which was a negative surprise to… Read more

The Marine and Blue Economy has the capacity to contribute more to the nation’s Gross Domestic Products, GDP as well as feed about nine million Nigerians by 2025, National President of the National Association of Managing Directors of Licensed Customs Agents, NCMDLCA, Lucky Amiwero, has said. In a letter to President Bola Ahmed Tinubu on the… Read more

Consumer prices remain stubbornly elevated in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate, which was a negative surprise to… Read more

Banks in Nigeria have been affected by a damage to submarine cables which has caused internet outages in parts of Africa. The submarine cable cuts which occurred on Thursday affected subsea cable providers and disrupted internet traffic in major parts of the continent. According to reports, the damage affected major undersea cables near Abidjan in Côte… Read more

The Federal Government has called on state governors to establish Safe School Response Coordination Centres to forestall attacks and kidnappings in schools. The Minister of State for Education, Dr Yusuf Sununu, made this submission while inspecting facilities at the National Safe School Response Coordination Centre located at the Nigeria Security and Civil Defence Corps (NSCDC) headquarters… Read more

The Federal Government and the Organisation of Petroleum Exporting Countries (OPEC) have disagreed on Nigeria’s average daily crude oil production, with Wale Edun, Minister of Finance and Coordinating Minister of the Economy, claiming that the country’s oil production has risen to 1.65 million barrels per day (bpd), while OPEC put the nation’s production at 1.32 million bpd… Read more

Nigeria lifts sanctions on Niger and reopens borders (ghanaweb.com) Read more