Nigeria economy

Nigeria moves to help local oil and gas firms, launches $200 million fund

Nigeria launched a fund with an initial value of $200 million to support local oil and gas firms Thursday, Emmanuel Kachikwu,…

26 ships laden with petroleum products, food items to arrive in Lagos ports

Twenty-six ships laden with petroleum products, food items and other goods are expected to arrive at Apapa and Tin-Can Island…

Turnover in Nigeria fixed income, currency markets drop in July as CBN cuts back forex intervention

Transaction turnover in Nigeria’s fixed income and currency markets for the month of July 2017 amounted to ₦11.53 trillion, an…

Nigerians pay public officials N400bn in bribes annually as public sector bribery reaches 32% – NBS

A national corruption survey by the National Bureau of Statistics released Wednesday has indicated that roughly N400 billion is spent…

Nigeria pushes diversification agenda with $41bn investment on rail infrastructure

Nigeria is pushing an economic diversification agenda by committing $41 billion to a railway expansion programme, which it hopes will…

At Niger economic summit Dangote commits $450m to rice processing mill

Aliko Dangote, president of Dangote Group, said the company would invest $450 million in a large scale rice processing mill…

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