The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020.

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020.

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020. Food imports gobbled up $840.18m in H1 2020, down from $1.02bn in the same period a year earlier, according to the CBN data on sectoral utilisation for transactions valid for forex. […]

August 23, 2021 24

BUSINESS

Strategists at the Institute of Strategic Management have developed a position paper that outlines frameworks and strategies that can assist the Federal Government harness the benefits of the African Continental Free Trade Agreement.

Strategists at the Institute of Strategic Management have developed a position paper that outlines frameworks and strategies that can assist the Federal Government harness the benefits of the African Continental Free Trade Agreement. The ISMN said if adopted, the strategies could significantly grow the country’s economy, boost its Gross Domestic Product and strengthen the value of naira. The President of ISMN, Alex Enebeli, said this at the institute’s annual conference […]

August 9, 2021 91

BUSINESS

The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021.

The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021. It disclosed this in a statement issued in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru. Meanwhile, trading surplus or trading deficit is derived after deduction of the expenditure profile […]

August 9, 2021 28

SPORTS

UEFA has announced that the video assistant referee (VAR) system will be used in all remaining European Qualifier matches for the FIFA World Cup 2022.

UEFA has announced that the video assistant referee (VAR) system will be used in all remaining European Qualifier matches for the FIFA World Cup 2022. UEFA, in a statement, said it can confirm that the VAR system will be used, with the agreement of FIFA, in all remaining European Qualifier matches for the FIFA World Cup 2022, following a decision taken by the UEFA Executive Committee in July 2021. It […]

August 5, 2021 79

NEWS

Dickson Oghenebrume and Sally Abaka, Ese Brume’s parents, have dedicated the athlete’s Tokyo 2020 Olympic long jump bronze medal to Amaju Pinnick, President of the Nigeria Football Federation, and the incumbent and immediate past Governors of Delta State.

Dickson Oghenebrume and Sally Abaka, Ese Brume’s parents, have dedicated the athlete’s Tokyo 2020 Olympic long jump bronze medal to Amaju Pinnick, President of the Nigeria Football Federation, and the incumbent and immediate past Governors of Delta State. Speaking after the long jumper clinched the bronze medal in the long jump finals, Brume’s father revealed that he and his wife called Pinnick to thank him for the role he played […]

August 5, 2021 51

SPORTS

German sportswear manufacturing company Puma has announced the termination of their kits contract with the Athletics Federation of Nigeria.

German sportswear manufacturing company Puma has announced the termination of their kits contract with the Athletics Federation of Nigeria. The German company announced the termination of the four-year deal in a letter dated August 4, which was signed by PUMA’s Director Manuel Edlheimb. The AFN under Gusau had entered the $2.76m deal with Puma on July 24, 2019, in Doha, but the controversial contract is one of the major causes […]

August 5, 2021 61

BUSINESS

Music superstar 2baba has declared July 11 as ‘Sound Sultan Day’ in honour of the late music icon.

Music superstar 2baba has declared July 11 as ‘Sound Sultan Day’ in honour of the late music icon. Every year on July 11, which is the date late Sound Sultan passed on, fans from within Nigeria and around the world remember his music and legacy. Sound Sultan passed away on July 11, 2021 in the United States of America, after a sad battle with Angioimmunoblastic T-cell lymphoma (AITL), a rare […]

August 3, 2021 52

BUSINESS

The Central Bank of Nigeria has assured members of the public that it has implemented monitoring mechanisms to ensure that deposit money banks fulfill the legitimate foreign exchange demands of customers.

The Central Bank of Nigeria has assured members of the public that it has implemented monitoring mechanisms to ensure that deposit money banks fulfill the legitimate foreign exchange demands of customers. This follows the apex bank’s directive to commercial banks to commence the sale of forex to customers for invisibles such as basic travel allowance, personal travel allowance and medical and tuition fees. The assurance was given by the apex […]

August 3, 2021 26

BUSINESS

Airline operators have canvassed the overhaul of the procedures adopted by the civil aviation regulator in the issuance of the all-important Air Operators Certificate (AOC), a mandatory requirement before airlines could embark on commercial scheduled flights.

Airline operators have canvassed the overhaul of the procedures adopted by the civil aviation regulator in the issuance of the all-important Air Operators Certificate (AOC), a mandatory requirement before airlines could embark on commercial scheduled flights. The carriers have expressed concerns over the four-stage laborious and revenue depleting procedures adopted by the Nigeria Civil Aviation Authority (NCAA) in considering carriers that qualify to be issued the licence. Rather than sticking to the […]

August 2, 2021 12

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