ECONOMY

EU-Nigeria Trade Volume Reaches N8.5tn

  The Head, European Union Delegation to Nigeria and the ECOWAS, Ambassador Michel Arrion, has stated that the value of trade relations between Nigeria, Africa’s largest economy and the European Union currently stands at €40.4bn (N8.5tn). Arrion, who spoke at

WAPIC Conference Set to Hold; Tony Elumelu to Speak on Ambition Regarding Power Generation in Nigeria

Chairman of Heirs Holdings and well known global business leader, Tony Elumelu has disclosed that his group, Heirs Holdings has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years. The group’s

Websites We Like: www.yourbudgit.com

This is a website worth stumbling upon for every Nigerian as it can help give answers to questions we ask about how money is being spent by the different arms of the Nigerian government. BudgIT as a tool focuses on

South African Airways Increase Flights to Lagos

South Africa’s official airline, ‎South African Airways says it has increased the frequency of flights between Lagos and Johannesburg from 7 to 8 services per week‎. This new directive will take effect from 2 September 2014.‎ According to reports on

Maple Aviation Logistics Limited Provide Aircraft Hire Services

  The rebased Nigerian economy which made it the largest in Africa, has boosted business in the country and is expanding aircraft charter operations market, the Chief Executive Officer of Maple Aviation Logistics Limited (MALL), Mr. Adefolarin Adesemowo has said.

Fashola Advocates for Sustainable Energy in Nigeria

  Mr. Babatunde Raji Fashola, Governor, Lagos State has stated that if Nigeria’s current population of 160 million and the next generation of Nigerians are to have access to affordable energy options, the country must choose a path that will

Nigeria, Others to Have Largest Working-Age Population by 2035

      McKinsey & Co, a global management consulting firm has predicted that the working-age population of Nigeria and other African countries will be the largest in the world by 2035. The New York-based company specifically stated in a

BA Awards Certificates to Top Six Nigeria Aviation College Students

After successfully completing the inaugural British Airways’ Leaders of Tomorrow programme, an internship aimed at promoting excellence in Nigerian aviation, six Nigerian aviation students have returned home from the UK. The two-week internship was inclusive of spending a week with

Farmers Given Debit Cards for Agricultural Input in Osun

It has been announced that Osun State Government has given out debit cards to farmers in the state in order for them to have direct and easy access to farming inputs, which include improved seedlings, pesticide and fertilisers. Governor Rauf

Federal Government to Spend $1 Billion on Gas Supply

  Yesterday, the federal government said it would expend $1 billion to boost power supply across the country and ensure adequate gas supply. It said the funds would be sourced from the Niger Delta Power Holding Company (NDPHC) allocation, as

F.G, Dangote Sign $1 Billion Rice Investment MoU

Nigerian Government on Friday announced it has signed a $1 billion rice investment Memorandum of Understanding (MoU) with Africa’s richest man, Aliko Dangote. The MoU which was signed at the State House in Abuja saw the Minister of Agriculture, Adewunmi

Arik Air Adds Lagos-Dubai via Abuja to Route

  Arik Air has become the first Nigerian airline to offer a commercial service between Abuja, Nigeria and Dubai, The United Arab Emirates (UAE). According to a statement released by the airline, the first commercial flight on the new route

Abuja Airport Terminal Expansion, $849m Light Rail Project Scheduled for Completion in 2015

  On Monday, the Finance Minister and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala told an inspection team that the construction of the ongoing Abuja Airport terminal expansion project would be completed and the facility opened for use come

Nigeria Said to be One of World’s Top 20 Economies by 2030

  According to McKinsey & Co, a global management consulting firm, Nigeria has the potential to be one of the world’s top 20 economies by 2030 seeing as they have a consumer base that exceeds the current population of France

Power: Nigeria to Get N3.4 Billion Grant From European Union and Germany

  To boost Nigeria’s electricity generation, the European Union and the German government have made provisions for a grant of N3.4 billion to support Nigeria’s quest for renewable energy. The grant is to enable the country to have access to

Nigeria May Issue Additional Scrutiny for Shoes, Phones at Airports

  Nigeria and other African countries may go along with the US to demand additional scrutiny of shoes and phones for airlines that operate in and out of the country in response to intelligence reports of increased threats from Al-Qaeda-affiliated

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