Nigeria Records N1.87trn Trade Deficit Amid Rising Crude Oil Exports     Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports. However, statistics released by the National Bureau of Statistics in Abuja on Wednesday...

Osinbajo Says Reducing Customs Procedure Can Lift Nigeria, Others By $250bn       Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great...

Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...

Oil And Gas Trade Zone Attracts $16.6bn Foreign Investments In 20 Years         The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy within a 20-year period spanning 2001 to 2020. During the same period, the Authority...

SEC Remits N1.5bn To FG, Assures Of Profitability In Two Years         Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could go bankrupt very soon, Director-General, of the SEC, Mr. Lamido Yuguda has disclosed that...