Insurers of agricultural commodities say the percentage of smallholders who have access to agriculture insurance in Nigeria was less than five per cent.They also stated that these farmers produce over ...

Running a successful company is difficult even under the best of circumstances. Unfortunately, the past nine months have been far from ideal. Indeed, many business leaders have been forced to adopt a ...

The consumer price index, which measures inflation rose to 14.89 per cent (year-on-year) in November 2020. This is 0.66 percentage points higher than the rate recorded in October 2020 (14.23 per cent) ...

The Senate on Wednesday urged the executive arm of government to investigate the alleged annual revenue loss of $9bn to illegal mining and smuggling of gold in Nigeria. The upper chamber urged the Fed ...

The Federal Government on Sunday said it had commenced the process of reviving its 300 hectares of farmland in Gombe State. It stated this through the National Agricultural Land Development Authority, ...

Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal G ...

The Nigerian Employers’ Consultative Association has estimated the loss of investment and assets by the Organised Private Sector (OPS) as a result of the arson and looting that followed the recent #En ...

The Federal Government will focus on the completion of ongoing road and bridge projects in the country rather than beginning new ones, in the implementation of the 2021 budget, the Minister of Works a ...

The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has sai ...

Africa’s first unicorn, Jumia has embarked on what its management called necessary surgical repositioning as part of efforts to reposition the e-commerce giant and also become more resilient to change ...

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 ...

The Presidency on Tuesday said the payment of N30,000 one-time grant to 330,000 artisans across the country under the Economic Sustainability Plan has commenced. The Senior Special Assistant to the Vi ...

The Federal Government on Thursday said the closure of Nigeria’s land borders was good for the economy as the country was now close to attaining self-sufficiency in rice production, PUNCH reports. Min ...

States have been advised by the federal government to stop taking control of mineral deposits in their domains.  Minister of Mines and Steel Development, Olamilekan Adegbite, said this at a sensitisat ...

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price In ...

The Poultry Association of Nigeria (PAN) says Nigeria has taken delivery of 262,000 metric tonnes of maize imported into the country to augment local production. SONY DSC A statement issued by the ass ...

The Maritime Workers Union of Nigeria has identified four shipping companies responsible for the gridlock caused by heavy duty trucks on Oshodi-Apapa Expressway. The organisation said the action of th ...

Manufacturers have expressed concern over the varying cost of electricity tariff across different states in the country. In a statement issued by President, Manufacturers Association of Nigeria, Mansu ...

The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant payment system and Point-of-Sales (PoS) terminals – across the country rose to N95.89tn fr ...

The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-e ...

Nigeria’s export to the United States under the African Growth and Opportunity Act policy declined in the first half of 2020 to $244.1m. According to the latest AGOA trade statistics, exports to the U ...

Nigeria to Conduct Census of Businesses 22 years after Last Count According to the NBS, the exercise will start on October 12 and end on December 12 with the support of the World Bank. About 22 years ...

The Federal Government on Monday said its interventions in the rice value chain led to an increase in rice production in Nigeria by 1.2 million metric tonnes within three years. Minister of State for ...

Construction giant, Julius Berger, has said it is looking into diversification opportunities, based on the emerging developments in Nigeria and the resultant reforms by the government. In a regulatory ...

The Federal Government has sworn-in Mr Azi Isaac as Chairman and Mr Nosa Osemwengie as member of the Investments and Securities Tribunal (IST). Mr Yunusa Abdullahi, Special Adviser, Media and Communic ...

Nestlé S.A, Switzerland, the parent company of Nestlé Nigeria Plc, has increased its ownership percentage of the Nigerian subsidiary to 66.30 per cent. With the recent purchase of 229,697 additional u ...

The registration portal for the N75 billion Micro, Small and Medium Enterprises Survival Fund and Guaranteed Off-take schemes of the Federal Government will be opened on Monday, the Minister of State ...

The Lagos State Signage and Advertising Agency has announced various palliatives to cushion the adverse impact of the COVID-19 on the operations of outdoor advertising practitioners in the state. The ...

The Bank of Industry on Thursday said it had the database of 2,418,936 beneficiaries of Government Enterprise and Empowerment Programme. In a statement titled ‘Bank of Industry debunks false report on ...

The Minister of Transportation, Rotimi Amaechi, on Wednesday, conducted a train inspection tour of the Lagos-Ibadan standard gauge rail line. The train departed the Iddo station before midday with the ...

The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday. The 13.22 per cent inflation rate ...

The Minister of Finance, Zainab Ahmed, says food prices are rising. This is contrary to claims by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, who said last week ...

The Economic Community of West African States has postponed the planned launch of its single currency, the Eco. The body agreed to maintain a gradual approach for the launching of the currency. ECOWAS ...

THE Manufacturers Association of Nigeria has said that the country may not be able to avoid depression with the current policies of the Federal Government. MAN specifically said Nigerians would become ...

The outbreak of COVID-19 has increased food insecurity in Lagos, Kano, Rivers and Abuja, the National Bureau of Statistics has said. It disclosed this in its latest report on the impact of COVID-19 in ...

The Nigerian Custom Service Port Harcourt Area II Command located at Onne has said that it generated N69.9billion as revenue from January to August 2020. This was disclosed by the former Controller of ...

The coronavirus pandemic which led to the closure of businesses has seen Spain overtaking India as Nigeria’s top export destination in the second quarter (Q2) of 2020. Spain got 14% (N310.7 billion) o ...

BUA Group Plc has selected France’s Axens for a multibillion-dollar 200,000 barrel per day refinery and petrochemicals plant in Nigeria, the French company said in a statement on Tuesday. Axens, which ...

Oscar Onyeama, CEO of NSE The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with corporate governance rules and best practices that mandate them t ...

Aliko Dangote Minister of Agriculture, Muhammad Sabo Nanono says Dangote Fertiliser Limited is a critical partner in the government’s effort to create jobs and drive economic growth. He stated this in ...

........posts 21% decline in revenue. Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended June 30, 2020 with a decline of 21 per cent in revenue. A ...

The importation of metals into Nigeria gulps $3.3bn every year, the Minister of Mines and Steel Development, Olamilekan Adegbite, stated on Monday. He stated this in his remark at the takeover ceremon ...

The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the Central Bank of Nigeria to review its new policy on payments for imports to save the already ailing and distressed Nigerian econom ...

The latest economic review of the Manufacturers Association of Nigeria indicates that the epileptic power supply and the recent increase in electricity tariff are adversely affecting businesses, espec ...