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Anambra’s New Airport Set To Commence First Commercial Flight On April 30

…State deflates alleged non-issuance of international licence by FG as misleading …Said airport’s 5.7km long, 60m wide runway largest in Africa …Yet to provide cost of project Anambra’s new cargo/passenger airport which is in its completion phase, is expected to achieve its major milestone with the first commercial plane scheduled to land at the terminal […]

‘French Companies Want To Increase Investment In Nigeria, but Insecurity, Taxation Are Barriers’

FRANCK RIESTER, Minister for Foreign Trade and Attractiveness, France, was recently in Nigeria and in this interview with CALEB OJEWALE, he talks about areas of opportunities for increased trade between the two countries. He also reiterated the French commitment to helping Nigeria achieve some of its economic objectives, particularly in backward integration. Excerpts: Nigeria has been […]

CBN Urges Private Sector, Non-oil Businesses to Exploit $666.2bn AfCFTA Trade Opportunities

The Central bank of Nigeria (CBN) has enjoined the Nigerian private sector, particularly firms in the areas of manufacturing, ICT, agriculture,financial services and other non-oil sectors to expand into new markets and seek export opportunities in the African Continental Free Trade Agreement (AFCFTA) projected to give Nigerian firms preferential access to markets in Africa worth […]

Union Bank Unveils UnionPro To Boost Local Trade and Commerce

As part of efforts to boost trade and commerce in Nigeria, Union Bank has unveiled UnionPro, a proposition designed to provide tailored financial services and solutions to supermarkets and large retail chain stores. With UnionPro, large retailers can now access a single platform offering a wide bouquet of solutions to enrich their businesses and optimise […]

BUA, Axens Commence Construction Of 200,000bpd Refinery Project

BUA Group and Axens, a France-based petroleum technology company, has confirmed progress in the construction of BUA’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Akwa Ibom state. This is coming six months after both firms signed an agreement for the supply of process technologies and the design of the facility. In affirming […]

Sterling Bank Launches OnePay Mobile App Payment solution For Retailers

Sterling Bank Plc has launched OnePay for Business, a mobile app that empowers merchants to use their mobile phones as Point-of-Sales systems. It allows merchants and their customers to receive and make cardless, contactless and cashless payment for goods and services in a near-cash form using QR Code, Bluetooth and PaywithSpecta. Introducing OnePay for Business in […]

Food Security: Syngenta, WACOT Partner TO Boost Nigeria’s Food Production and Security

Leading food and agro-processing company in West Africa, WACOT Limited, and leading global agritech company Syngenta Crop Protection are partnering for impact to further boost Nigeria’s food security and ensure sustainable development of the agriculture sector. This would see Syngenta Crop Protection working closely with WACOT over the next five years to help improve the […]

FG Give Reasons For Reduction In human Contact At Ports, Says 70% Digitalization Achieved

The Federal Government has moved to reduce human traffic into the Nigerian ports as it says that the ports have achieved 70% digitalization. This is to help drastically reduce inefficiencies, corruption, diversion of money, revenue leakages and constant delays being experienced at the various ports by stakeholders and other ports users. This disclosure was made by the […]

Scarcity Of Cement Leads To Price Surge in South East, North East

The prices of cement have risen by 67% in the South-East states of Abia, Anambra, Ebonyi, Enugu and Imo. This is as some residents of the North-Eastern part of the country also complained of price hike of cement, which they attributed to the scarcity of the product and the activities of middlemen who try to […]

Carbon Tax A Way Out To Carbon Emissions In Nigeria

Fossil Fuel is hurting us. It is an undeniable truth. I have heard in many conversations more often than not a very solid support for the fossil industry. Rather simple conversations on its perils and disadvantages always end with resignation by the other party that “fossil has come to stay.” While not doubting that premise, […]

CBN Put Sugar, Wheat On FX Restriction List

The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list. The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele. The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must […]

States To Start Paying Back Loans Says Emefiele

State governments will start paying back the loans provided to them between 2015 and 2016 by the Central Bank of Nigeria (CBN). The apex bank granted the loans to states as budget support facilities within the period, the CBN Governor, Godwin Emefiele, said during a visit to Nasarawa State. He stated this during a session […]

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