Nigeria’s mines ministry, British Geological Survey collaborate on establishing national geo-data archiving system
Businessam Staff
April 19, 2018
Nigeria’s ministry of mines and steel development through its agency, Nigeria Geological Survey Agency (NGSA), is collaborating with the British Geological Survey (BGS) towards the establishment of a Nigerian national geo-data archiving system. Bawa Bwari, minister of state, ministry of mines and steel development, while welcoming the representatives of BGS, Matt Harrison, and Jenny Forster, […]
Ocean and Cargo Terminal Services wins concession bid for Nigeria’s Terminal ‘B’ Warri Old Port
Businessam StaffApril 19, 2018
Ocean and Cargo Terminal Services Limited has won the bid for Terminal B Warri Old Port, which is being offered for concession by the Federal Government. At the financial bids opening for the Port Terminal held by the Bureau of Public Enterprises (BPE) in Abuja Wednesday, April 18, 2018, Ocean and Cargo offered the sum […]
U.S. envoy urges increased investment in Nigeria’s resources
Temitayo AyetotoApril 17, 2018
Stuart Symington, the United States Ambassador to Nigeria, has called for increased investment in Nigeria’s array of resources to scale up its economic capacity. Symington who spoke during a courtesy visit to the director-general of the International Institute of Tropical Agriculture (IITA), Ibadan, said the country could derive quality benefits from its human and natural […]
Private sector accounts for 90% of Nigeria’s GDP-vice president
Businessam StaffApril 6, 2018
Yemi Osinbajo, Nigeria’s Vice-President said Thursday that the country’s private sector accounts for 90 percent of the nation’s gross domestic product (GDP). This was stated at the launch of the Nigerian Economic Diplomacy Initiative (NEDI), where the VP assured that the Federal Government is committed to ensuring adequate consultation, especially with the private sector, in […]
Bangladesh, Nigeria partner to enhance trade, economic cooperation – Envoy
Businessam StaffMarch 27, 2018
The People’s Republic of Bangladesh Tuesday, pledged to partner Nigeria to boost trade and economic cooperation. Shahhat Gati, the Acting High Commissioner of Bangladesh to Nigeria made this known in her address at the 48th Independence and National Day organised by the Bangladesh Embassy in Abuja. Bangladesh and Nigeria had enjoyed bilateral relations since the […]
Nigeria spends N400bn on raw sugar import in four years
Temitayo AyetotoMarch 26, 2018
Nigeria spent a total of N400 billion on the importation of raw sugar from 2013 to 2016, Abiodun Olasupo, chairman, House of Representatives ad-hoc committee investigating waiver to certain companies on sugar importation has said. He lamented the huge volume of importation in spite of the waivers meant to enhance local production and ensure that […]
Nigeria’s economy at critical period, but gov’t commits to growth
Ajose SehindemiMarch 23, 2018
Nigeria’s economy is at a critical period but the central government says it is commited to its growth and development and is eyeing up the real estate development sector to help its push for growth as it has the ability to generate volumes of jobs. The country’s vice president, Yemi Osinbajo, said at the 2018 […]
Nigeria’s finance ministry inaugurates committee, NSFPC, to facilitate economic prosperity
Goddey OdinMarch 14, 2018
Kemi Adeosun, Nigeria’s finance minister on Tuesday inaugurated Nigerian Sustainable Finance Principle Committee (NSFPC) in Abuja, a committee which seeks to ensure that financial services are rendered in ways and manners that protect the environment from externalities that may eventually undermine social comfort and convenience. Mahmoud Dutse the Permanent Secretary of the Federal Ministry of […]
Analysts decry Nigeria parliament’s delay in passing 2018 budget, confirmation of MPC nominees
Businessam StaffMarch 12, 2018
Some financial experts Monday in Lagos frowned at the failure of the National Assembly to pass the 2018 budget and confirmation of nominees of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN). In separate interviews with the News Agency of Nigeria (NAN), the stakeholders said the continued delay arising from the […]
Nigeria targets increased productivity with ERGP focus labs, says budget minister
Ajose SehindemiMarch 8, 2018
Udoma Udo Udoma, Nigeria’s minister of budget and national planning, on Thursday, said the Economic Recovery and Growth Plan (ERGP) focus laboratories initiative of the government would raise the level of productivity in the country. Udoma said the target of the country’s government to embark on the initiative was to produce and promote made- in-Nigeria […]