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...

FG Signs Investment Promotion Pact With Morocco, Singapore       The Federal Government on Monday announced that it had signed an investment promotion agreement with Morocco and Singapore. It also stated that it was in talks with the World Bank to develop a strategic plan for trade and...

The Many Shenanigans in Nigeria By Enobong Udoh       This decade is about to end in a few weeks and surely Nigeria will start the next decade still as the country with most poor people. A check at the world poverty clock shows as the clock ticks...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS       Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this...

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines         Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. According to shipping experts and economists,...