Businessam Staff
FG to review revenue sharing formula
The federal government has said it will set up a committee in the coming weeks to review the revenue sharing…
NPA to begin automated truck call up at Lagos ports this month
... as truckers battle new freight charge regulation By Samson Echenim There are indications that the Nigeria Ports Authority (NPA)…
CBN intervenes with $210m in forex market
The Nigerian inter-bank foreign exchange market received another boost with an injection of about $210 million from the Central Bank…
FG reduces oil licensing time to 72hrs
The Department of Petroleum Resources (DPR) has said it has reduced the turn-around time for licensing and license renewal for…
AfDB identifies 14 sites for agro-industrial processing zones in Nigeria
The African Development Bank (AfDB) African Development Bank (AfDB) says it has identified 14 sites for the proposed special agro-industrial…
U.S. stocks claw back gains as trade-war panic eases
U.S. and European stocks clawed back some of their recent losses after China moved to stabilize its currency, providing a…
Oil hovers around $60 as U.S.-China trade tensions weigh
Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near seven-month lows around…
China says U.S. currency manipulator labeling could cause chaos in financial markets
China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international…
US-African trade lagging despite free access, forum hears
Trade between the United States and sub-Saharan Africa is in the doldrums despite a 2000 US law designed to boost…
Emirates tackles AON on subsidy claims
United Arab Emirates (UAE) carrier, Emirates, on Monday faulted the claim of Airline Operators of Nigeria (AON) that it enjoys…
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