Business News

Buhari’s economic adviser raises food security alarm Nigeria spent N1.85 trillion to import food for nine months during the closure of international land borders, President Muhammadu Buhari’s chief economic adviser has said. According…

The increment in the price of crude oil at the international market has pushed the price of Premium Motor Spirit (PMS) landing cost to N160 per litre. The Guardian learnt yesterday in Abuja that the while the landing cost was N160 as at…

The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for…

The consumer price index, (CPI) which measures inflation increased by 15.75 percent (year-on-year) in December 2020. This is 0.86 percent points higher than the rate recorded in November 2020 (14.89) percent. Increases were recorded in…

PAN Nigeria Limited has decried the approval of the Federal Executive Council (FEC), for a downward review of tariff on importation of vehicles into the country. Chairman of PAN, Mr Ahmed Wadada-Aliyu criticised the approval told…

China's top diplomat will travel to five African countries next year for his first trip abroad, continuing a three-decade tradition in which Beijing has prioritized the continent in its public diplomacy.

Nigeria is lifting the closure of borders with neighbouring Benin and Niger which it imposed in August 2019 to curb the smuggling of rice and other commodities, the government said Wednesday. "Four land borders will be reopened…

Egypt’s chemicals and fertilisers exports during the first ten months (10M) of 2020 registered $4.165bn decreasing by 11 percent compared to $4.673bn last year, according to the Chemical Industries Export Council The council reviewed a…

Nigeria was recently said to be in a recession, with the Minister of Finance, Budget & National Planning, Mrs. Zainab Shamsuna Ahmed stating that the country will come out of it in the first quarter of 2021. What role can the commodity…

Mr Salami says public policies should encourage private investment in Nigeria. The post #NES26: Public policies in Nigeria don’t give investors confidence — Doyin Salami appeared first on Premium Times Nigeria. ...