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Nigeria’s Oil Production 7,000bpd Above OPEC Quota

According to a report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July,

UBA, BoI Launch N5bn Facility for Female Entrepreneurs

United Bank for Africa Plc has secured a N5bn loan facility from the Bank of Industry to boost key sectors of the economy and support the growth of sustainable and viable businesses in Nigeria, with a primary focus on micro, small, and medium enterprises owned by women.

Nigeria, Brazil to Sign MoU on Direct Flight

The Federal Republic of Nigeria is set to sign a Memorandum of Understanding (MoU) with the Federative Republic of Brazil on a Bilateral Air Service Agreement (BASA) to unlock direct flights.

Customs and the “National Single Window” Project, By Abdulsalam Mahmud

Customs and the "National Single Window" Project By Abdulsalam Mahmud For decades, Nigeria’s trade corridors have been choked by the heavy hand of bureaucracy. Traders groan under the weight of multiple agencies, endless paperwork and clearance delays that cost the economy billions. Ships spend days idling at...

Lagos, Ogun Get N13bn to Boost Power Infrastructure

The Federal Government has approved the sum of N13 billion for critical power infrastructure projects in Lagos and Ogun States, as part of efforts to strengthen the country’s electricity supply and boost industrial growth.

FG Approves N16.7bn for Mokwa Bridge Reconstruction

President Bola Ahmed Tinubu has approved the release of N16.7 billion for the immediate reconstruction of the Mokwa Bridge in Niger State, which was destroyed by floods in May this year.