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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

Nigeria Railway Corporation generated N3bn from services in 2019 -MD

By Lucy Ogalue Abuja, Aug. 7, 2020 Nigeria Railway Corporation (NRC) on Friday said it generated N3.09 billion in 2019 from train service operations nationwide. Mr Fidet Okhiria, NRC’s Managing Director in a statement signed by Mrs Taiye Elebiyo-Edeni, Media Assistant to the Minister of...

No going back on December deadline for single-hull tanker phase-out — NIMASA DG

By Chiazo Ogbolu Lagos, Aug. 7, 2020 Nigerian Maritime Administration and Safety Agency (NIMASA) on Friday said that the country remained steadfast in its decision to stop the use of single-hull tankers by Dec. 31. The Director General of NIMASA, Dr Bashir Jamoh, disclosed...

COVID-19: CACOVID launches N23b food palliative for 1.7m households

Nigeria’s Private Sector led Coalition Against COVID-19 (CACOVID) yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to mitigate the adverse effects of the novel coronavirus pandemic on vulnerable Nigerians. The food relief materials for which...

COVID-19: CACOVID targets 10m people with palliatives worth N23bn

By Rukayat Moisemhe Lagos, Aug. 6, 2020 The Organised Private Sector Coalition Against COVID-19 (CACOVID) says it has kicked off the palliative distribution exercise worth N23 billion targeted at 10 million people in Nigeria. Mrs Zouera Youssoufou, the CACOVID Administrator and Chief Executive Officer (CEO), Aliko...

PenCom initiates process to review 2014 Pension Reform Act

By Rukayat Adeyemi Lagos, Aug. 6, 2020 The National Pension Commission (PenCom) on Thursday said it had initiated the process of reviewing the 2014 Pension Reform Act (PRA), to address identified challenges and public clamour. PenCom’s Head, Corporate Communications Department, Mr Peter Aghahowa, said in...

North West farmers back to work amid troops operations –DHQ

By Sumaila Ogbaje Abuja, Aug. 6, 2020 The Defence Headquarters says farmers in the North Western part of the country have returned to their farms as the troops of the Armed Forces of Nigeria have continue clearance operations in the zone. The Coordinator, Defence Media Operations,...

AFAN wants FG to establish commodity board to mop-up excess farm produce

By Olayinka Olawale Lagos, Aug. 6, 2020 The Lagos State Chapter of the All Farmers Association of Nigeria (AFAN) has appealed to the Federal Government to set up a commodity board that will be saddled with the mopping-up of excess farm produce...

Commercialisation: Yobe, firm sign N2.6bn Nguru modern market contract

By Nabilu Balarabe Damaturu, Aug 6, 2020 The Yobe Government and ADAF BML, have signed a contract worth over N2.6 billion for the construction of Nguru Modern Market. The state Commissioner, Commerce, Tourism and Industry, Alhaji Barma Shetima, made the disclosure in an interview with our...

COVID-19: 550 farmers get FG’s seed palliative in Gombe

By Peter Uwumarogie Gombe, Aug. 5, 2020 No fewer than 550 farmers from five local government areas of Gombe State have benefitted from the Federal Government’s seed palliative. Dr Joseph Hussaini, Director Technical Services, Gombe State Agricultural Development Programme (GADP), disclosed this in an interview...

Lagos State Waves Penalties for Y2017 – 2019, reverse Land Use Charge to pre-2018 Rates

…, Sets Up Multiple Payment Channels The Lagos Government has reviewed the Land Use Charge (LUC) Law by reversing the rates to pre-2018, thereby undertaking reforms to reduce financial pressure on citizens and accommodating the agitations of Lagosians in respect of the exorbitant rates. The Commissioner...
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