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Sesan Olufowobi The Lagos State Government on Thursday said investors seeking to do business in the state could now use about four weeks to study, process and get approvals for genuine business proposals. The Special Adviser to the Governor on Overseas Affairs and Investment, Ademola Abass, said the development had ...

Oyetunji Abioye The naira depreciated from 388 per United States dollar on Wednesday to 390/dollar on Thursday as the Central Bank of Nigeria continued to intervene in the foreign exchange market to boost the local currency. The local unit has been hovering between 385/dollar and 390/dollar in the last one ...

Anna Okon The Federal Government is set to establish satellite industrial centres across the six geo-political zones of the country to fast-track its plan on the diversification of the nation’s economy. The establishment of the industrial centres, which will be anchored by the Nigeria Export Processing Zones Authority, is expected ...

Ife Ogunfuwa Nigeria needs to grow its economy by 46 per cent over the next 34 years in order to avert social crisis, the Financial Services Advisory Leader and Chief Economist, PricewaterhouseCoopers Nigeria, Andrew Nevin, has warned. He cautioned that the country would continue to be poor if the economy ...

Anna Okon Nigeria and China are hoping to increase volume of bilateral trade as they intensify areas of cooperation between the two nations. This was the highpoint of the first edition of the Nigeria Governors’ Investment Forum held some days ago in Guangzhou, China, which they said was meant to ...

Anna Okon The Manufacturers Association of Nigeria has commended the Federal Government for its efforts at improving the current economic situation and endorses steps being taken to pull the economy out of recession. The association specifically lauded the Economic Recovery and Growth Plan of the government aimed at deepening the ...

Anna Okon In a bid to support the Federal Government’s import substitution and backward integration policy, Euro Global Foods and Distilleries, a member of Sona Group of Companies, has disclosed that it is already using 85 per cent local raw materials in its productive value chain to boost made-in-Nigeria products. ...

The Federal Operations Unit (FOU) Zone “C” of Nigeria Customs Service in Owerri said it had seized 102, 099 cartons of illegally imported frozen poultry products with duty paid value of N1.27 billion. Comptroller Mohammed Garba, the Area Controller of the zone, disclosed this while briefing newsmen in Owerri on Thursday. ...

A commercial motorcyclist was crushed to death by a heavy duty truck at Daleko area of Lagos on Thursday. The News Agency of Nigeria (NAN) reports that the passenger on the motorcycle, who survived the accident, was dragged from the wheels of the truck with a broken leg. NAN reports ...

Turkey removed from duty 9,103 police officers over alleged links to a a U.S.-based cleric, the state-run Anadolu news agency reported, citing the use of a decree issued under the ongoing state of emergency. The move late on Wednesday followed the detention earlier in the day of 1,009 “secret imams” ...