Nigeria signs N642m grant with Japan towards actualisation of ERGP

Nigeria and Japan Tuesday signed a N642 million grant to assist the African’s nation central government’s economic efforts. The amount would be provided by the Government of Japan. Udoma Udo Udoma, Nigeria’s minister of budget and national planning said this in a statement signed by his Special Adviser on Media, Akpandem James in Abuja. Udoma said […]

Nigeria, Pakistan revamp joint commission to strengthen economic, trade relations

Nigeria’s President Muhammadu Buhari said the Nigeria-Pakistan joint commission will be revamped as a veritable platform to strengthen economic and trade relations between both countries. Buhari gave the assurance on Saturday in Istanbul at a bilateral meeting with prime Minister Shahidkhakanabbasi, on the margins of the ninth d-8 summit in turkey. The president, who expressed […]

EU-Nigeria trade stands at €19.9bn in 2016, official says

Geoffrey ONYEAMA, Nigerian Minister for Foreign Affairs; and EU's HR Federica MOGHERINI

Multilateral trade between Nigeria and European Union (EU) member states stood at 19.9 billion Euros in 2016, Fillippo Amato, the Union’s Head of Trade and Economic Sector, has said. According to Nigeria Agency News (NAN), Amato disclosed this Wednesday at a news conference on the 6th edition of the EU-Nigeria Business Forum, scheduled to hold […]

Nigeria may be getting out of recession in second quarter, NBS says

 Yemi Kale, NBS' Statistician-General 

Nigeria’s economy probably expanded in the second quarter as factory and farming output improved, helping it recover from the first annual contraction in 25 years,  Yemi Kale, Statistician-General said. According to Bloomberg’s report, Kale, who is also chief executive officer of the National Bureau of Statistics, said in an interview Wednesday at his office in Abuja, […]

Craft brewer targets Nigerian palates and big brands

From pale ale with tangs of passion fruit and mango to a heady stout with 10 percent alcohol, a pioneering craft brewer in Nigeria is seeking to expand and grab more of a market dominated by Heineken and Diageo. Bature Brewery has faced a slog to launch the first commercial products from its microbrewery tucked […]

Nigeria forex reserve dips slightly in June from a month ago- CBN

Nigeria’s foreign exchange reserve stood at $30.25 billion by June 28, down 0.36 percent from a month ago, central bank data showed on Friday. The reserves showed a 14.8 percent rise from a year ago, when they stood at $26.34 billion. Nigeria’s dollar reserves have risen slightly this year thanks to the rise in global […]