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Nigeria spends $6bn on wheat importation annually

The Director, Institute for Agricultural Research (IAR), Zaria, Prof. Ibrahim Umar-Abubakar, on Thursday said Nigeria’s wheat import bill stood at $6 billion...

Buhari

Nigeria approves 3-year budget plan, WTO trade facilitation agreement 

The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategic Paper (FSP) for 2017 to 2019. The...

FG Buhari

$10bn trapped outside Nigeria due to FG, CBN policies

The organised private sector, comprising manufacturers and small businesses in the country, Tuesday, stated that the policies of the Federal Government and the Central...

Crude-Oil - exports

Nigeria earns N3.3tr from crude oil sales to India, others in one year 

Nigeria exported 322 million barrels of crude oil valued at $17billion to India, Spain and the Netherlands in 2015, Nigeria’s three largest crude destinations that...

agric produce export

How can Nigeria earn more money from export?

Due to the economic recession and low revenue from importation, the government has decided to diversify into the non-oil sector as a way to boost the economy. Oluwatoyin...

Russia to build strong economic relations with Nigeria  

The ambassador of Russia in Nigeria, Nikolay Udovichenko, said on Tuesday in Abuja that his country would build a strong economic relationship with Nigeria. Receiving...

Nigeria as one of the world’s worst countries 

The Fund for Peace, a Washington D.C.-based non-profit, non-governmental research and educational institution, has ranked Nigeria as one of the world’s most...

Nigeria spends N1bn daily on rice imports, says Onu  

The Minister for Science and Technology, Dr. Ogbonanya Onu has said the country spends over N1 billion daily on the importation of rice.This was even as he reiterated...

Executive Secretary of NIETI, Waziri Adio

Nigeria loses $5.9bn to oil theft

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost over USD5.9billion in 2013. Speaking at a forum in...

Lai Mohammed

Nigeria seeks trade parity with China

The Federal Government is seeking parity in its existing trade relationship with China. Minister of Information and Culture, Lai Mohammed, who spoke when the the Vice...

Committee says lack of shipping line costs Nigeria $2.2b

Nigeria lost $2.2 billion in 2014 due to lack of an international fleet, a Ministerial Committee on Modalities for the Establishment of a Nigerian Fleet, has said. The...

Austrian, German, Swiss imports from Nigeria hit N2.3tr

Austrian, German and Switzerland importation from Nigeria recorded about N2.3 trillion ($7.5 billion), while export from these countries to Nigeria was N475billion...