Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually       The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that the bilateral trade between Nigeria and South Africa is worth $8.6 billion. Ahmed said the mutual benefit of the trade relation was bound to yield...

BUA, Chinese Firm To Build $1.05bn Cement Plants       BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum, a project valued at $1.05bn. A statement by the company on Tuesday...

Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise         The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s crude oil exports. Sales of electric cars topped 2.1 million globally in 2019,...

We Passed 2021 Budget In Good Time, Says Gbajabiamila         Speaker of the House of Representatives, Femi Gbajabiamila on Monday, said that the parliament passed the 2021 budget in good time to ensure the country maintains the January to December budget cycle started last year. Speaker’s submission...

Oil Sector’ll Face Prolonged Reduced Demand - Fed Govt         The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any time soon, the Federal Government said on Thursday. It also announced the resolve...

Trump Rejects Nigeria's Ngozi Okonjo-Iweala For WTO ...Wants Reopening Of The Leadership Contest         The US has suggested that the process to find a new Director-General of the World Trade Organization (WTO) needs to be reopened, in what would be an unprecedented move. Donald Trump's trade chief Robert...