Nigeria expects its mining sector to account for 3% of GDP over the next five years from just 0.3% currently as the government seeks to diversify the economy away from oil, the minister for mines and steel development said on Wednesday. Olamilekan Adegbite said he expects “exponential growth” in the mining sector, with gold, lead, […]
The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Tuesday inaugurated 14 commercial ferries at the Badore Ferry Terminal, Ajah. The boats, according to a statement, can take up to 40 to 60 passengers at a go and will commute to Ikorodu, Ebute Ero, CMS, Badore and Ikoyi areas of the state. While assuring Lagosians […]
Nigeria and the United States of America have signed an agreement to return over US$308 million in confiscated funds to the people of Nigeria. This was made public in a statement on the official website of United State Embassy & Consulate in Nigeria on Tuesday. The statement reads in full: On Monday, 3 February 2020, […]
The President, Major General Muhammadu Buhari (retd.) on Tuesday officially presented Nigeria’s Visa policy at the Statehouse, Abuja. This was announced by the President’s Personal Assistant on New Media, Bashir Ahmad, on his verified Twitter handle. The policy expected to “boost economic activities in the areas of tourism, aviation, entertainment, commerce and other areas where […]
The Nigeria Customs Service, Murtala Muhammed International Airport Command, has intercepted total cash valued $8,065,615 at the airport. Hameed Ali, the customs comptroller-general, said at a press conference in Lagos Tuesday that the cash was intercepted in a car while it was about to be loaded into an aircraft. He did not provide details of […]
Officers of the Nigeria Police Force and the Nigerian Air Force on Tuesday morning took over the toll gate at the Murtala Muhammed International Airport, Lagos, following a disagreement between aviation unions in the Federal Airports Authority of Nigeria and the managers of the facility, Integrated Intelligent Imaging West Africa Limited, otherwise known as I-CUBE. […]
The Lagos State Government, on Monday, made exemptions to the motorcycle (okada) and tricycle (keke) ban being enforced by security officers in the state. The state Commissioner for Information and Strategy, Gbenga Omotosho, told The PUNCH that dispatch riders, courier companies, newspaper dispatching motorcycle, and motorbike riders, were exempted from the ban. Omotosho explained that […]
Nigerian stocks declined 1.08% on Monday to a more than three-week low as investors sold off shares from across the board after weak sentiment hit equities. The main share index fell for the sixth session, down to 28,533.40 points. The relatively liquid banking sector declined the most, falling 3.85%. Equities have been hit by weak […]
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, is currently picketing the Victoria Island Headquarters of General Electric, crippling operations of the company. The industrial action being coordinated by the Lagos zone of the union is over non-settlement of exit benefits of ex-staff four years after their disengagement from service. The main entrance to […]
FIFA is ending its six-month intervention in African soccer’s governing body, it said on Sunday, after the mission to speed up the reform of football on the continent was “successfully completed”. World soccer’s ruling body also confirmed that its secretary-general Fatma Samoura’s role as “general delegate for Africa” had ended on Feb. 1. FIFA effectively […]