Rice Processors Tackle Senate Over Directive on Customs to return Confiscated Smuggled Rice Rice Processors Association of Nigeria(RIPAN) has frowned at the directive given by the Senate to the Nigeria Customs Service(NCS) to return to their owners confiscated smuggled foreign rice seized from various shops...

Foreign Direct Investment Dipped By $30m In January – CBN       Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday. According to figures obtained from the CBN’s January report on...

Labour Rejects Move By FG To Cut Salaries       Workers have kicked against a move by the Federal Government to cut their salaries as well as reduce the number of federal agencies. They registered their opposition yesterday through the Nigeria Labour Congress (NLC) in a reaction to...

Investors To Raise N102.75bn For National Carrier – Fed Govt       Private investors are to raise $250m (N102.75bn at N411/$ official exchange rate) to start up Nigeria’s national airline, the Federal Government has said. It disclosed this in a document on the updated status of the government’s...

Nigeria Loses $70m To Illegal Fishing Annually       The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European trawlers due to illegal fishing in the nation’s waters as observed by the Nigerian Navy in 2017. As a result, the...

Bears Dominate Trading On NGX, Capitalisation Drop By N193bn       The bears were dominant on the Nigerian Exchange (NGX) Ltd., on Wednesday with market capitalisation declining further by N193 billion. Specifically, the capitalisation which opened at N20.830 trillion dipped N193 billion to close at N20. 637 trillion. Similarly,...