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...

Poor Transportation, Port Facilities, Power Killing Nigeria’s Manufacturers – Adesina   The President of the African Development Bank Group, Dr. Akinwumi Adesina, says the lack of stable electricity in Nigeria is killing industries in the country, adding that based on an International Monetary Fund report, about...

Nigeria Needs $2.7bn Investment To Stabilise Petroleum Products Supply — NNPC   The Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his keynote address at the 15th...