The Federal Government has secured 200 hectares of land within the Lekki Free Trade Zone, Lagos, for a building materials hub to reduce housing production costs.
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil (Brazil’s Central Bank) have opened fresh talks aimed at strengthening economic and financial cooperation between Africa’s largest economy and Latin America’s biggest market.
Fuel consumption nationwide has fallen by 28 per cent over the past two years, as pump attendants across filling stations are left with scanty vehicular calls.
President Bola Tinubu has approved a temporary ban on the export of raw shea nuts in a move aimed at promoting domestic processing and strengthening Nigeria’s non-oil export economy.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.
