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...

Cooking Gas Price Rises 20% On Weak Naira         The price of Liquefied Petroleum Gas, popularly known as cooking gas, sold to marketers in the country has risen by over 20 per cent in the past one month, with consumers paying more for the product. The naira...

Ibom Deep Seaport First Phase To Gulp $2bn, Says Commissioner         Akwa Ibom State Commissioner for Economic Development and Ibom Deep Sea Ports, Mr Akan Okon, has said the construction of the first phase of the Ibom Deep Seaport and Industrial City in the state would...

NAICOM Tasks Insurers On N463.1bn Annuity Business       The National Insurance Commission (NAICOM) has expressed worry over the declining participation of life companies in retiree life annuity (RLA) business, which is considered a huge opportunity for the industry. RLA is a pension benefit administered by life insurance...

External Reserves Shed $567m In Two Weeks       The nation’s external reserves fell by $567 million in the first two weeks of this month. According to the latest data from the Central Bank of Nigeria (CBN), the reserves dropped to $34.846 billion on Tuesday December 15th from...