ECONOMY

President Jonathan Orders Construction of Abuja Airport Second Runway

Following the closure of the Abuja airport from Saturday night to Sunday morning to allow for repairs on the only runway, President Goodluck Jonathan has directed the commencement of the second runway project for the Abuja airport next year. President

Nigeria Listed Among World’s Top Fishing Economies

  Among the world’s ten fishing economies, three African countries have been listed to indicate the growing role fish farming plays as a vital source of economic opportunities, livelihood and nutrition for these countries. According to the data from the

Honda’s First Jet Takes to the Skies

  Honda, the world’s largest motorcycle manufacturer since 1959 has sent to the skies its first business jet ahead of its expected certification and delivery scheduled for next year. The Japanese company in a statement made it known that the

Nigeria Gets N80.7 Billion From World Bank to Boost Agriculture in Northern Nigeria

The Northern part of Nigeria will get 495.3 million dollars, about N80.7 billion from the World Bank to boost agriculture in Northern Nigeria. This was made known via a press statement issued by Mr. Bamidele Oladokun, Communications Associate to the

New CBN Governor Redeploys Deputy Governors

The newly appointed Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has redeployed the Deputy Governors in the bank. According to the bank, the exercise is to realign his vision of entrenching a more professional and people-focused

British Airways Offers Discounts for Early Summer Bookings

    British Airways has disclosed that they will be providing bumper discounts for early prospective passengers on service bookings for this summer. There will be fantastic fares for its ‘World Traveller and World Traveller Plus’ package to a wide

Nigeria’s Revenue Hits N922 Billion in April

The Central Bank of Nigeria has revealed that the country’s federally collected revenue in April stood at N922.08 billion which exceeded the receipts in March. According to the Apex Bank, the growth was attributed to increase in non-oil revenue. At

Nigeria Partners with South Africa to Develop the Mining Sector in Nigeria

    South Africa is currently the largest gold miner on the continent and the sixth largest gold miner globally. Nigeria has therefore decided to partner with South Africa in exploring collaborative ventures to develop artisanal and small-scale gold mining

Bristow to Train 20 Nigerians as Cadet Pilots

  Managing Director, Bristow Helicopters Nigeria Limited, Captain Akin Oni told journalists in Lagos that the company is to spend over N500 million on the training of 20 Nigerians as cadet pilots in the United States for a one year

President Jonathan Presents N322.600 Billion NDDC Budget to Senate

  Nigeria’s President, Goodluck Jonathan, submitted N322.600 billion for the 2014 budget of the Niger Delta Development Commission, NDDC, to the National Assembly. The budget which was submitted this morning was read by the Senate President, David Mark. Mr. Jonathan

F.G Approves N40 Billion Loan For Lagos

  Nigeria’s Federal Government yesterday, Wednesday 4th June 2014 announced the approval of a N40 billion loan facility for Lagos State Government for the development of infrastructure and education in the state, the Minister of Information, Labaran Maku, revealed. Mr.

Arik Airline Begin Abuja-Dubai Flights July 28

Arik Airline has announced that it will begin commercial flight operations between Abuja, Nigeria, and Dubai, the United Arab Emirates (UAE) on July 28, 2014. Michael Arumemi-Ikhide, the airline’s Chief Executive Officer, disclosed this in a statement signed by Arik

OPS, UNIDO Work Together to Bring Nigerian Products to International Standards‏

  Two organizations, Organized Private Sector (OPS) and the United Nations Industrial Development Organization (UNIDO)have decided to work together so that Nigerian products can meet domestic, regional and international standards. This resolution was reached during a meeting in Lagos

GTBank Launches The SME MarketHub for Nigerian Businesses‏

  Guaranty Trust Bank Plc (GTBank) has launched “The SME MarketHub” which will serve as a free business directory and e-commerce portal to help support small and medium scale enterprise activities in the country. The e-commerce portal will help

CBN Cashless Policy Commences Nationwide

  The CBN’s cashless monetary policy enforcement is set to begin nationwide in July 2014. The pilot program started in Lagos in July 2012, and subsequently in other states; Rivers, Anambra, Kano, Abia, Ogun and the FCT in July 2013.

Nigeria’s Economy Attracted N12.52 Trillion Between 2007-2013

The Nigerian economy attracted a total investment inflow of $78.27bn (N12.52tn) between 2007 and 2013, a report by the National Bureau of Statistics has shown. The figure was contained in the ‘Capital Importation’ report prepared by the NBS, and a

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