Leilani Bin-Juda, the High Commissioner of Australia to Nigeria, has said that her country is interested in deepening the existing bilateral relations with Nigeria in a way that will mutually benefit the peoples of the two countries. She said that her country is particularly, interested in scaling up the level of economic co-operation between the […]
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The Federal Government and the Afreximbank Wednesday signed a Memorandum of Understanding (MoU) for the infusion $1 billion for the development of the healthcare value chain in Nigeria. Also the African Finance Corporation (AFC) and the promoters of the world class hospital project-African Medical Centre for Excellence (AMCE) being constructed in Abuja, sealed an investment […]
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Foreign investment flows into Nigeria plummeted by 80 percent to $3.9 billion in 2023 from the $5.3 billion recorded in 2022. This is according to the analysis of the report on Capital Importation into Nigeria, released by the National Bureau of Statistics (NBS). The NBS report reveals that Nigeria attracted $1.1 billion in the first […]
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The country has been under assault by bandits, kidnappers, and other nefarious characters that daily launch violent attacks on citizens, many of whom are kidnapped, killed, or maimed. A BILL seeking the amendment of the 1999 Constitution to allow governors to appoint state commissioners of police scaled second reading on the floor […]
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The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave the warning in its macroeconomic performance and outlook for 2024 wherein it projected the continent’s economy to grow higher than the 3.2 per cent recorded in […]
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Amid the economic hardship in the country, the Saudi Embassy in Nigeria has enjoined 25 Nigerians sponsored to the Kingdom of Saudi Arabia for umrah (lesser hajj) to pray for the country. The Religious Attaché at the embassy, Nami Ibn Jarullah Ash-Shammari, made the call at a farewell event for the pilgrims. Ambassador Faisal Ibrahim […]
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The House of Representatives has asked the federal government to subsidize the 2024 Hajj pilgrimage to allow intending pilgrims to partake in the annual Islamic ritual. This resolution was adopted Thursday during a plenary session following a motion moved by Umar Ajilo. The National Hajj Commission of Nigeria (NAHCON) recently increased the fare for the […]
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THE Organization Of Petroleum Exporting Countries (OPEC) has revealed that the oil exports in Nigeria grew significantly by 60.8% in the third quarter of 2023. “Throughout 3Q23, exports witnessed a remarkable 60.8% increase, and imports soared by 47.7%, culminating in a trade surplus of NGN1,888.92 billion in that period,” its Monthly Oil Report released […]
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The special investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria (CBN), related entities and other key government business entities has placed a senior official of the apex bank, Odoh Eric Ocheme, on the watch list of International Police Organisation (INTERPOL). In a letter to the Nigeria Police, dated February 12 […]
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President Bola Tinubu has asked the Senate to confirm Chairman and Board Members of National Hajj Commission of Nigeria (NAHCON). The President’s request, is “in accordance with the National Hajj Commission Act 2006 was conveyed in a letter addressed to Senate President, Godswill Akpabio and read at plenary on Tuesday. “I am pleased to present […]
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