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Business news

Month: March 2020

Nigeria acquires Special Mission vessels for Maritime security

Determined to rid the waters of criminal activities, the Federal Government has received two Special Mission Vessels (SMV) in Lagos. The reception at the Naval Dockyard, Victoria Island, was organised by the Nigerian Navy and the Nigerian Maritime Administration and Safety Agency (NIMASA), under the Deep Blue Project. The vessel, DB Lagos and DB Abuja, which arrived the […]

Economy yet to recover from 2016 recession -LCCI

THE Lagos Chamber of Commerce & Industry (LCCI) has revealed that the assessment of realities in the macroeconomic environment suggests the economy is yet to recover from the 2016 recession. In a statement, LCCI Director-General Muda Yusuf, said growth is still sluggish and weak to create employment and lift millions of Nigerians out of poverty. […]

AfDB urges Nigeria, others to be ‘tough’ negotiating eurobonds

NIGERIA and other governments in Africa need to be tougher when negotiating the terms of Eurobonds and commercial loans, the African Development Bank (AfDB), warned on Monday. Its President, Dr Akinwumi Adersina, said some external debts mature before the infrastructure projects they fund start generating returns, which raises refinancing risks. Neither should African borrowers be […]

Beware Of Fake News On Coronavirus – LASG

Lagos State Government has called on  all residents to disregard any piece of information that does not emanate from official sources – the Federal Ministry of Health, the Lagos State Ministry of Health and the National Centre for Disease Control.   This came as a result of  various false stories peddled particularly on the social […]

Coronavirus : It’s Wicked To Hoard Hand Sanitizers , Face Masks ’ – Sanwo-Olu

  Chief Incident Commander for the counter measures against Coronavirus (COVID-19) outbreak in Lagos State, Governor Babajide Sanwo-Olu, has again re-assured Nigerians that the State remained committed to every effort geared towards preventing the human-to-human transmission of the virus, following the index case reported last Friday. But he frowned to  report of scarcity of sanitary […]

Nigeria Rice can Compete Globally– Agric Minister

The Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono has lauded the effort of  rice farmers in Nigeria, stating that it will help actualize Government’s agenda in the Agricultural sector being food sufficiency, job creation and economic growth. According to a press release signed by Ezeaja Ikemefuna,  Director, Information (FMARD), the Minister, made this […]

It Will Take 200 Years to Close Gender Gap in Nigeria—UN Women

The UN Women Country Representative to Nigeria and ECOWAS, Ms. Comfort Lamptey, has warned that with the pace of things with regard to disparity between men and women in the area of governance, development and economic opportunities, it will take over 200 years to achieve gender equality in Nigeria. Lamptey raised this concern over the […]

SERAP Seeks Prosecution, Not Foreign Education for Repentent Terrorists

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to the Senate President Dr Ahmad Lawan, urging him to use his leadership position to “ensure that the bill that would allow ‘repentant Boko Haram terrorists’ opportunities to access public funds to enjoy foreign education is immediately dropped, and to sponsor bills that would […]