News & Insights

An economic analyst and managing director, Business Day Media, Dr. Ogho Okiti, has projected that the Nigerian economy’s value could grow to $800 billion within the next decade if the constraining factors undermining its potential are addressed by government. He explained that if the economy grew at an average of […]

The Registrar of CRFFN, Samuel Nwakohu   Eromosele Abiodun Following the conclusion of the integration with the Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS), the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) will next week commence the collection of Practitioners Operating Fees (POF) in […]

The Council has adopted, by written procedure, the decision on the conclusion of the withdrawal agreement on behalf of the EU. This follows the European Parliament’s vote of consent on 29 January and the signature of the withdrawal agreement by the EU and the United Kingdom on 24 January. The […]

Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Brent crude LCOc1 was down $1.52, or 2.5%, to […]

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has said the exchange is commitment of to the growth of start-ups and micro, small and medium enterprises (MSMEs), as part of efforts to grow the nation’s economy. Onyema stated this yesterday, at the launch of NSE […]

The Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, has restated ongoing plans by the Federal Government to achieve revenue to GDP ratio of 15 percent target from the 2023 fiscal year. The minister reiterated the President Buhari-led administration’s determination to meet the target in her remarks at […]

The management of Lekki Deep Seaport yesterday disclosed that the port would be able to berth ships carrying about 18,000 TEUs when it becomes operational. One TEU is twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals. […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced, on behalf of the Otakikpo Joint Venture which is made up of Green Energy International Limited (“GEIL”), the Operator, and the Technical Partner, LEKOIL Oil and Gas Investments Limited (“LOGL”), a […]

The Nigerian Stock Exchange (NSE) will today launch its Growth Board(GB) to provide issuers with the opportunity to list, raise long term capital and facilitate liquidity in the trading of their shares on the exchange. With a total of 41.5 million Micro, Small and Medium Enterprises(MSME) operating in Nigeria, the […]

The Association of Bureaux De Change Operators of Nigeria (ABCON), yesterday advised the Central Bank of Nigeria (CBN) not to bow to the pressure to devalue the naira. The President of ABCON, Mr. Aminu Gwadade, said this at the association’s sensitisation meeting with CEOs and Directors of BDCs in Lagos. […]