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Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday stated that no amount of criticism and blackmail from “self-centred individuals” would make it change its current flexible foreign exchange rate policy. The apex bank said this in a statement titled: ‘Nigeria’s current economic situation: Our case’, signed by its ...

Ifeanyi Onuba, Abuja Barring any last minute change in plans, at least four major sectors of the Nigerian economy will soon attract multi-million dollars’ worth of investments from 11 Japanese firms. The Executive Director and Chief Executive Officer, Nigerian Export Promotion Council, Segun Awolowo, disclosed this during a meeting with ...

Ifeanyi Onuba, Abuja The Nigeria Customs Service on Thursday justified the decision of the Federal Government to ban the importation of vehicles through land borders, stating that majority of arms and ammunition coming into the country were through that trade route. The Comptroller General of Customs, Hameed Ali, stated this ...

Sesan Olufowobi The Lagos State Governor, Akinwunmi Ambode, has presented cheques worth over N1bn to 705 beneficiaries of the Lagos State Employment Trust Fund, telling them to create jobs, make money and contribute to the growth of the Lagos economy. Ambode, during the presentation of the cheques to the beneficiaries ...

Olaleye Aluko and Ogbonnaya Ikokwu The Acting President, Prof Yemi Osinbajo, on Thursday said Nigeria had lost much commerce to the activities of sea robbers, pirates and others in the Nigerian maritime sector. Osinbajo said this while inaugurating the harmonised standard operating procedures on the arrest, detention and prosecution of ...

Anna Okon Stakeholders from the Manufacturers Association of Nigeria, Raw Materials and Research and Development Council and Clarion Events are working on an arrangement that will ensure availability of raw materials, machinery and funding for large corporations as well as operators in the Micro, Small and Medium Enterprise sector of ...

A United States (U.S.) Appeals Court has dismissed  Senator Buruji Kashamu’s complaint that U.S. agents’ attempt to arrest him in collaboration with the National Drug Law Enforcement Agency (NDLEA) would constitute “an attempted abduction”. A report in Washington Post yesterday said the ruling was given on Monday by the U.S. ...

Nigeria’s enduring economic recovery will materialize only when the country revitalizes her investments in agriculture and make it a venture that attracts the bulk of the most productive segment of the population. This was the conclusion of the Governor of Osun State, Ogbeni Rauf Aregbesola, as he brought together all ...

Despite the ban on illegal trading in the nation’s legal tender, the Naira, ANDREW ESSIEN reports that not only is the business going on, it is thriving in the Federal Capital along the Abuja-Madalla expressway. They sit under the Dei-Dei bridge with sweltering ‘Super’ sacks filled with well-straight, crispy and ...

Spices are common ingredients in many dishes across Nigeria and beyond. We love them for the rich flavor, colour and taste they give our food. They play such an important role in our daily lives that it’s difficult to imagine our world without spices. Spices are consumed daily by almost ...