Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that rice revolution has started in Nigeria. The CBN governor also said the apex bank does not have foreign exchange to continue to support importation of farm produce, including rice, wheat, tomato and...

Nigeria’s total trade with the European Union (EU) which stood at €39bn in 2014, accounting for 31 per cent of Nigeria’s total trade, has dropped to €29bn in 2015. Speaking at the pre-event press conference of the fifth EU-Nigeria business forum (EUNBF), held at the...

The National Pension Commission (PenCom) yesterday said it has paid N55.46 billion as lump-sum to 177,284 workers disengaged from various sectors due to economic recession. The Head of Benefits and Insurance Department of the PenCom, Olulana Loyinmi, who disclosed this in Calabar at a conference...

Nigeria is presently in short supply of 600,000 tons of dairy milk and is partnering with major national and international stakeholders in the dairy sector to inject a considerable volume and drastically reduce importation of milk in 2019, the Federal Government has said. The Minister...

Nigeria will need to source extra $181 million to pay for vaccines in 2017 and 2018, analysis has shown. That’s around N57b, nearly four times the N12.8b appropriated for vaccines this year excluding cost of distribution, maintenance and other logistics until they are used. Vaccine procurement...

Budget Padding: President Muhammadu Buhari’s avowed determination to punish culprits who smuggled foreign items into the 2016 budget and who caused both national and international embarrassment are back to work, Economic Confidential can report. Investigation by the Economic Intelligence Magazine indicates that the officials who...