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Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually

Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually       The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that the bilateral trade between Nigeria and South Africa is worth $8.6 billion. Ahmed said the mutual benefit of the trade relation was bound to yield...

Aviation: Experts Foresee Early Recovery In Africa

Aviation: Experts Foresee Early Recovery In Africa         Aviation experts have foreseen an early recovery for aviation. This is despite the challenges that had ravaged the industry as well as the second wave that have forced some countries to close their borders. Over 40 countries have banned flights...

Nigeria Resumes Petrol Import From China

Nigeria Resumes Petrol Import From China       Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer. The Asian country shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019,...

Enhancing Agritech Innovations For Food Security and Youth Empowerment

Enhancing Agritech Innovations For Food Security and Youth Empowerment By Inyene Ibanga         Agriculture has undergone rapid transformation, from the era of the industrial revolution, when farmers depended on manual labour to carry out their operations. Direct labour was deployed during the process of clearing the land,...

IMF Seeks Unified Exchange Rate For Naira

IMF Seeks Unified Exchange Rate For Naira         The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable at N378 to dollar on the CBN’s official rate. The naira was on...

CBN Battles Recession, Raises COVID-19 Facility To N300bn

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...