Lagos Free Zone to Generate $12bn, Add to GDP The managing director of the Lagos Free Zone (LFZ), Dinesh Rathi, says with businesses showing significant interest in the area, the company aims to contribute about $12 billion to Nigeria’s annual gross domestic product (GDP) by...

FG Shutdown Unlicensed Fuel Marketers The Federal Government has announced that no unlicensed petroleum product dealer would be allowed to load products from June 1, 2023, as it vowed to shut down such businesses beginning from that day. It made this known on Monday and warned...

Nigeria to Tackle Flood Disasters with N3.4tn - Committee The Presidential Flood Committee, on Monday, announced that Nigeria would need about N3.4tn to tackle flood disasters across the country, particularly during the rainy season. Chairman of the committee, who doubles as Minister of Water Resources, Suleiman...

Experts Says Senate’s N22.7tn Loan Approval May Raise Bond Rates The securitisation of the Central Bank of Nigeria’s N22.7tn Ways and Means advances to the Federal Government by the Senate may push the interest rates of future debt securities higher, capital market analysts have said. The...

Companies Paid N346bn in Five Years for Gas Flaring - CBN The Central Bank of Nigeria data shows that oil and gas companies paid a total of N346bn as penalty for flaring gas in five years, saying the amount was marked as part of the...

Nigeria Ecosystem Attracts $4.4bn, Receives 30% of Africa’s Foreign Direct Investment – NITDA The Director General of National Information Technology Development Agency, Kashifu Inuwa, has said that almost 30 per cent of Africa’s Foreign Direct Investment ends in Nigeria. According to him, the Nigeria tech ecosystem...