UAE Extends Ban On Nigeria Flights To March 20       The United Arab Emirates has extended its ban on Nigerian flights till March 20. A statement from the public relations firm for Emirates made available to our correspondent said customers from both Abuja and Lagos would not...

Nigeria, Largest Economy In Africa – UAE       The United Arab Emirates (UAE) on Wednesday, said Nigeria remained the largest economy in Africa. This was contained in a statement signed by the Embassy of UAE in Abuja and made available to the News Agency of Nigeria (NAN). It...

Okonjo-Iweala Advises Nigeria, Others Against Bilateral Trade Agreements       The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to guard against entering into unfavourable bilateral trade agreements with rich countries. She advised Nigeria and other African countries to embrace multilateral trade agreements...

Finally, Nigeria, Benin Republic Enter Agreement To End Rice Importation       The federal government and the Republic of Benin have entered an agreement to end the importation of rice across West African countries. This agreement was announced at the end of a meeting between a delegation from...

Nigeria Recorded N7.37trn Foreign Trade Deficit In 2020 – NBS       Nigeria recorded N7.37tn foreign trade deficit in 2020, latest figures from the National Bureau of Statistics showed on Monday. The NBS disclosed in its ‘Foreign trade statistics report for fourth quarter of 2020’ that the total...

Nigeria’s Petrol Price Stabilises     The price of Nigeria’s Bonny Light hovered at $67.69 per barrel, indicating that the government would not be under pressure to generate funds for its 2021 budget, which was based on $40 and 1.8 million barrels per day, mb/d, including Condensate. However,...