On Thursday, November 5, 2024, as early as 8 am, the staff of the Federal Inland Revenue Service (FIRS) assembled at the agency’s headquarters at Sokode Crescent, Wuse Zone 5, Abuja. The gathering wasn’t for protest or strike but to appreciate their Chairman – Zacch Adedeji, for his numerous welfare packages for them since he…
▪︎Export N20.48trn ▪︎ Import N14.67trn The National Bureau of Statistics (NBS) said Nigeria recorded N5.81 trillion trade surplus in the third quarter of 2024 (Q3’24).This represents a 298 per cent year-on-year (YoY) increase in trade surplus from N1.3 trillion recorded in Q3’23. NBS disclosed this today in its foreign trade in goods statistics for Q3…
International Maritime Organization (IMO) has joined States of the African Alliance for Electronic Commerce (AACE) to support work on ‘The Role of Single Windows and Digitalization in Boosting African Trade. The members of AAEC are: Burkina Faso, Cameroon, Djibouti, Cote d’Ivoire, Gabon, Mauritius, Kenya, Libya, Morocco, Madagascar, Mali, Mozambique, Nigeria, Republic of Congo, Senegal and the WAEMU…
The Manufacturers Association of Nigeria (MAN) says that the manufacturing industry and not the services sector is essential for driving real economic growths . Segun Ajayi-Kadir, the Director-General of MAN, affirmed this in reaction to the NBS GDP reports for the third quarter of 2024 in which the Services sector dominated the composition of the…
Holcim -the parent company of Lafarge Africa Plc is set to exit Nigeria cement industry ,blaming harsh economy. Reuters reported that Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG) said it has now sold its stake to China’s Huaxin Cement for $1 billion. According to Holcim, the deal, projected to be…
Abia State’s Governor Alex Otti has announced the return of Aba as a major industrial and commercial destination in the West African sub-region. Otti made the declaration at the ongoing Aba International Trade Fair at the Aba Mega Mall complex, along the Enugu-Port Harcourt expressway. The 10-day event, which runs from November 28 to December…
The Central Bank of Nigeria says that its newly redesigned website (www.cbn.gov.ng) will become operational on Monday, December 2, 2024. Hakama Sidi Ali (Mrs), Acting Director of Corporate Communications, said: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8 (the most recent and stable release) to enhance user experience…
L-R: Wale Edun, Aliko Dangote; Adaora Umeoji; Bertrand Dumont, and Jim Ovia. Zenith Bank Plc has opened Zenith Bank, Paris, a Third-Country Branch (TCB) of Zenith Bank (UK) Limited, a subsidiary of Zenith Bank Plc. In her welcome address, the Group Managing Director/Chief Executive of Zenith Bank, Dame (Dr.) Adaora Umeoji, said that Zenith Bank,…
▪︎Danjuma Waniko, President of GBCN. The Green Building Council of Nigeria (GBCN) has called for addressing carbon emissions in the building sector of the economy. “Cement production alone accounts for 23 percent of Nigeria’s national greenhouse gas emissions,” said Danjuma Waniko, President of GBCN. He disclosed this during the GBCN workshop in Abuja where he…
The Minster of Industry, Trade and Investment Dr Jumoke Oduwole, has applauded the top 100 exporters in Nigeria who had contributed to the growth of the economy. Oduwole made the commendation on the occasion of the Ministerial Export Consultation held this week, in Lagos. Oduwole emphasized the importance of exports in driving economic growth, creating jobs…
