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Browse Nigerian economy news, research and analysis from Local and international analysts. Follow Nigeria’s financial and monetary policies from Central Bank of Nigeria and other business And economic indicators

Agro expert wants ban on maize importation beyond economic benefits

By Mercy Omoike Lagos, Aug. 3, 2020 An agriculture expert, Mr Ismail Olawale, has advised the Federal Government that the ban on maize importation should go beyond economic benefits. Olawale, a Fellow at the Nigerian Agriculture and Extension Liaison Service (NAERLS) said this in an...

N100bn Bond: Borrowing for developmental projects in order – Oyo Dep-Gov.

By Akeem Abas Ibadan, Aug. 1, 2020 Alhaji Rauf Olaniyan, Oyo State Deputy Governor, on Saturday said the state government’s decision to finance developmental projects through borrowings was in order. Olaniyan told newsmen in Ibadan that such borrowing would shore up the meagre monthly federal...

China Loan: Amaechi says Nigeria will pay back in 20years with low interest rate of 2.8 per cent.

By Lucy Ogalue Abuja, Aug. 1, 2020 Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years. Amaechi, in a statement on Saturday, said China was...

Sanwo-Olu releases economic focused re-opening guidelines for churches, schools, others as coronavirus cases slump

•Gov Directs Re-Opening Secondary Schools For SS3, TECIII •Night Clubs, Cinemas To Remain Closed It’s cheery news in Lagos State. A period of general decrease in confirmed positive cases of Coronavirus (COVID-19) pandemic has been recorded in the State for the second week. Named Nigeria’s economic powerhouse...

Lagos developing Blueprint for States to copy to boost Nigeria’s Healthcare Infrastructure

Lagos State deployed an early centralised planning approach to the management of the current pandemic LAGOS, Nigeria, August 1, 2020/ -- As part of efforts towards improving health service delivery in Lagos, the State Government has engaged a consultant to develop blueprints for healthcare infrastructure...

Sanwo-Olu commissions Nigeria’s first indigenous medical face mask factory in Lagos

...Mulls Long-Term Loan Facility For Health Investors ...Governor Procures 250,000 Face Masks, Donates 30,000 To Secondary Schools Students The first indigenous medically graded face mask manufacturing company has opened in Lagos State. Governor Babajide Sanwo-Olu, on Thursday, opened the O-Care Medical Face Mask factory in Odofin Park...

25,000 MW electricity contract: Siemens to train DISCOs, stakeholders

By Emmanuel Afonne Abuja, July 30, 2020 German multinational conglomerate company, Siemens, has concluded plans to train electricity Distribution Companies and other electricity stakeholders in the country. Siemens in a statement on Thursday stated that 11 DISCOs, Transmission Company of Nigeria (TCN), and regulators would...

ABP: NIRSAL structures FCT farmers into 16 Agro Geo-Cooperatives

By Cecilia Ijuo Abuja, July 30, 2020 The Nigeria Incentive-Based Risk Sharing System (NIRSAL), said it had structured Federal Capital Territory (FCT) farmers into 16 established Agro Geo-Cooperatives (AGCs) for the 2020 wet season farming. NIRSAL Head of Corporate Communications, Ms Anne Ihugba, said this in...

Apapa freight shuttle: NRC moves 20,760 tons in 19 days

By Yemi Adeleye Lagos, July 30, 2020 The Nigerian Railway Corporation (NRC) moved 20,760 tons of containers between June 30 and July 26, after the implementation of the Standard Operation Procedures (SOPs) for the Apapa container shuttle. The Lagos Railway District Manager, Mr...

Nigerian Ports Authority expects 18 ships with petroleum products, others at Lagos port

By Chiazo Ogbolu Lagos, July 30, 2020 The Nigerian Ports Authority (NPA), says it is expecting 18 ships laden with petroleum products, food items and other goods from July 30 to Aug. 8, at the Lagos port. The NPA made this known in its publication,...
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