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Nigeria’s yearly exports to South Africa exceeds $3.8bn says Ahmed
Nigeria’s yearly exports to South Africa now exceeded $3.8bn, the Consul General of Nigeria to South Africa, Abdulmalik Ahmed, said on Friday.
Ahmed disclosed this at a press conference in Johannesburg.
According to him,…
Border reopening: Stock market capitalisation hits N19trn
The Nigerian Stock Exchange market capitalisation on Friday rallied by N296 billion to cross N19 trillion mark, amid gains by some blue chips.
Specifically, the market capitalisation which opened at N18.940 trillion rose by N296…
Customs intercept textiles, rice, others in Lagos
The Comptroller General of Customs’ Strike Force Team on Wednesday has intercepted 564 bales of textiles materials falsely declared as machinery, foreign parboiled rice, footwears and foreign bags worth N895m.
Co-ordinator,…
FG, states, Local Govts share N601.110bn for November 2020
Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.
According to a statement…
Gombe To Construct 27 Markets For N8.4bn
Gombe State government, yesterday said all plans had been put in place to construct 27 markets across the state at the cost of N8.4billion.
This is the fallout of the executive council meeting, which was presided over by…
North East, least banked region in Nigeria says Advocacy Group
The North East Advocacy on Financial Inclusion on Monday declared the North East region as the least-banked region in Nigeria with less than 30 percent of the adult population having access to basic financial services compared to…
$1.5bn loan: World Bank wants CBN to further devalue the Naira
The World Bank has predicted that the effects of COVID-19 pandemic could see further drastic deterioration in the standards of living of Nigerians and push a fresh 20 million citizens into poverty by 2022.
Although the…
FG defends 100 per cent hike in domestic airfares
The Federal Government has justified the over 100 per cent hike in domestic airfares, saying the development was one of the consequences of the COVID-19 pandemic.
Director-General of the Nigerian Civil Aviation Authority, Musa…
Global Artificial Intelligence to grow to $15.7 trillion in a decade, UAE anticipates
United Arab Emirates has estimated the global market value of Artificial Intelligence would grow to $15.7 trillion in a decade.
The Arab country, which is targeting collaboration with Nigeria in this area, plans to use AI to…
NIMASA says it did not grant waivers to foreign shipping firms
The Nigerian Maritime Administration and Safety Agency has denied allegations that it has been granting waivers to foreign shipping firms.
The Ship Owners Association of Nigeria had accused NIMASA of ‘unfavourable treatment…