Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...

Nigeria’s Non-Oil Export Hits N463bn In Q2, 2021     The nation’s non-oil export in the second quarter of 2021 has risen to N462.85 billion according to data from the National Bureau of Statistic (NBS). The data also indicates that Nigeria recorded a N1.87 trillion deficit in trade...

Nigeria Records $10.1bn Investment Announcement   The Federal Government at the weekend said the economy recorded $10.1billiom investment announcement in the first half of this year. The Minister of Trade and Industry, Otunba Adeniyi Adebayo, who spoke at Lagos International Trade Fair, held at the Tafawa Balewa...

Nigeria Can Earn N41bn Annually From Jewellery Export – Minister   The Minister, Mines and Steel Development, Arc Olamilekan Adegbite, has said the development of the local jewelry industry can improve Nigeria’s exports by over N41 billion ($100 million). The minister disclosed this in his keynote address...

Nigeria Tops Chart As 11 African Countries Block Airlines’ $700m Revenue   Nigeria and 10 other African countries have stopped foreign airlines from repatriating ticket sales proceeds estimated at $700m to their various head offices in overseas, the International Air Transport Association has said. The Regional Vice...

Nigeria Loses $1bn Annually To Gas Flare Data Falsification   Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating in the country, the Chairman, Economic and Financial Crimes Commission (EFCC) Rasheed Bawa said yesterday in...