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Online Poster

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Information Minister says Amnesty’s human rights report on Nigeria lie

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2016 Budget Will Lift Millions of Nigerians Out of Poverty - Lai Mohammed

Nigeria’s Minister of Information and Culture, Mr. Lai Mohammed, has said Amnesty International’s human rights verdict on Nigerian government is not true. He also submitted that the protection of human rights is a cardinal objective of the Buhari Administration, and that the violation of rights is not and cannot be a government policy. Addressing a […]

Germany says committed 45.6million Euros to Nigeria’ development programmes

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The German government through the German International Co-operation (GIZ), says it has committed 45.6 million Euros to support development programmes in Nigeria in the past three years. The sum was obtained from the “Aid Information Management System’’ website, a Development Assistance Database of the Ministry of Budget and National Planning in Abuja. The figure reveals […]

MAN President wants Nigeria’s 4 Refineries privatized

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Dr Frank Jacobs, President, Manufacturers Association of Nigeria (MAN), has called for the privatization of the country’s four refineries to ensure more private sector participation and to make them productive. Jacobs told news reporters on Friday in Lagos, South-West Nigeria, that privatization of the four refineries would shore up their production of refined products from […]

Nigeria, others to spend $105bn on oil, gas decommissioning

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Nigeria and other oil-producing countries across the world will expend about $105bn on decommissioning in the next 10 years. According to a recent report released by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022, nothing less than $32 billion would be spent on decommissioning around the world. While UK, the US and Norway, were […]

CBN to lenders: Submit bid for Chinese Yuan

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The Central Bank of Nigeria on Friday asked lenders to submit bids for the Chinese yuan, according to traders, in the first auction after it agreed a $2.5 billion swap with its Chinese counterpart in May. The auction is part of an attempt to encourage the use of an alternative trading currency, particularly given the […]

Debt Management Office lists N10.69bn Sovereign Green Bond

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The Debt Management Office, DMO, on Friday, listed on the Nigerian Stock Exchange, the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48 per cent.  The event was headlined by the Director General, DMO, Mrs. Patience Oniha, the Honourable Minister of State for Environment;  Hon. Ibrahim Usman Jibril, and United Nations Deputy Secretary […]

Modern farming, key to food sufficiency, says Lokpobiri

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The only way Nigeria can attain self-sufficiency in food production is for  farmers to embrace modern farming,  Minister of State, Federal Ministry of Agriculture, Senator Heineken Lokpobiri has said. The minister regretted that the gap in domestic food production have existed in Nigeria for many years because, it depended on rural farmers and their rural […]

NACC seeks better tariffs

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The Nigerian-American Chamber of Commerce (NACC) is pushing for favourable tariffs. Its President, Toyin Akomolafe, said there was the need to create better trade deals for the country to reduce dependency on oil as well as increasing engagement with China. He noted that in Nigeria, there is an increase in Chinese investments in infrastructure, and […]

NEPC, Malaysian group partner

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NEPC

The Nigeria Export Promotion Council (NEPC) and the Nigeria, Malaysia Business Council (NMBC)  is partnering with the Malaysia External Trade Development Corporation (MATRADE) to boost  trade and investment for the benefits of the two countries. NMBC President, Michael Aderohunmu, said the mutual co-operation will  boost trade and investment on both sides of the divide. Speaking […]

Customs says to reduce cargo clearance time

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Customs impound arms shipment at Tin Can Port

The Nigerian Customs Service (NCS) says it has embarked on Time Release Study (TRS) to measure the efficiency of its trade facilitation scheme and reduce the time of cargo clearance. Mr Wale Adeniyi, Deputy Commandant, Customs Training College, Gwagwalada, Abuja, disclosed this in an interview with news reporters at a workshop on TRS in Lagos, […]