• Nigeria

    CBN boosts forex supply with fresh $195m

    Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market as part of its wholesale intervention to ensure liquidity in that segment of the market. The release was confirmed in a statement signed by the Acting Director of Corporate Communications Department, CBN, ...

  • Nigeria

    Hitching the north to the national economy

    Lekan Sote The Northern Nigerian Protectorate, proclaimed in 1900, was administered by Indirect Rule, with emirs or chiefs, as native authorities, ruling over their subjects, on behalf of the British raj. The Nigeria formed from the Northern and Southern Protectorates by Lord Frederick Lugard in 1914 remains apolitical mixture, and ...

  • Nigeria

    Boosting Nigeria’s gemstones industry for increased revenue

    Jennifer Abraham Diamond, the most valuable gemstone in the world today, changed the face of Botswana. Before its discovery in that country in 1966, Botswana was a poor, agrarian economy. However, as of 2014, annual Gross Domestic Product per capita growth rate (one of the highest in the world), had ...

  • Nigeria

    Foreign missions to monitor Magu’s screening by Senate

    Some foreign missions and donor agencies will monitor today’s screening of Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu. Besides, some Peoples Democratic Party(PDP) senators have opted to support Magu’s confirmation as the fourth chairman of the anti-graft agency. The senators reportedly met yesterday. It was also learnt ...

  • Nigeria

    Customs to review duty payment enforcement

    Vehicle owners who are anxious over duty payment enforcement should relax. The Nigeria Customs Service (NCS) is reviewing the controversial policy, Comptroller General of Customs Col. Hameed Ali (retd) has said. Col. Ali stated this in a letter to Senate President Bukola Saraki which he personally submitted yesterday during an ...

  • Cina Nigeria

    Chinese investments in Nigeria hit $13b

    The Chinese Deputy Ambassador to Nigeria, Mr. Lin Jing, yesterday in Abuja, said Chinese investments in country have hit over $13 billion. He  said China was also demonstrating its commitment to Nigeria’s friendship and development through the $1.3billion  Lagos-Ibadan Railway Project. He added that the $326 million 30 rice mills ...

  • Nigeria

    CBN injects $195m into forex market

    •Inflation declines to 17.78%  The Central Bank of Nigeria (CBN) yesterday said it will inject $195 million comprising of $150 million for the wholesale auction and $45 million in the invisible segment for such items as medical fees, tuition fees, Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). Confirming ...

  • USA Giappone

    City sues drugmaker, claiming it helped flood black market with opioid

    As deaths from painkillers and heroin abuse spiked and street crimes increased, the mayor of Everett took major steps to tackle the opioid epidemic devastating this working-class city north of Seattle. Mayor Ray Stephanson stepped up patrols, hired social workers to ride with officers and pushed for more permanent housing ...

  • USA Giappone

    Pruitt delays Obama-issued EPA on chemical storage, citing terrorism fears

    The Trump administration is delaying a new rule tightening safety requirements for companies that store large quantities of dangerous chemicals. The rule was imposed after a fertilizer plant in West, Texas, exploded in 2013, killing 15 people. Scott Pruitt, administrator of the Environmental Protection Agency, delayed the effective date of ...

  • USA Giappone

    USTR pick Lighthizer signals push to further open Japan farm market

    Tuesday the United States will push for further opening of Japan’s agricultural market in envisaged bilateral trade negotiations with the country. “I would list, of course, Japan as being a primary target for a place where increased access for agriculture is important,” Robert Lighthizer said during his Senate confirmation hearing. ...