Business

Why Nigeria has restricted food imports

President Muhammadu Buhari has directed the Central Bank of Nigeria to block food importers’ requests for foreign currency in a bid to boost local agriculture in Africa’s most populous country. It is a continuation of a policy that the president began after coming to office in 2015, when he banned the use of foreign exchange […]

Business

Contract Violation: Nigeria vows to resist enforcement of N3.2 trillion judgment after British court

The Nigerian government said on Friday that it is considering all available options to resist the decision of a British court to grant enforcement right to an $8.9billion (about N3.2 trillion) arbitral award against the country. The United Kingdom, Business & Property Courts (the Commercial Court), presided by Justice Butcher granted P&ID’s enforcement request to […]

Business

Senate to pass 2020 budget in December — Lawan

The Senate President, Ahmad Lawan on Friday, said that the Senate will pass the 2020 national budget before this year’s Christmas. He made the disclosure during an interview with newsmen shortly after he visited Katsina State Governor, Aminu Masari at Government House. Governor Masari’s Deputy, Alhaji Mannir Yakubu, the Secretary to the state government, Alhaji […]