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The latest business news in Nigeria, Africa and the world.

Nigeria Needs Agricultural Extension To Defeat Recession – ABU VC
A Nigerian university vice-chancellor has advised the Federal Government to take agricultural extension services more seriously if it wants Nigeria to swim out of economic recession.
Govt Ban On Vehicle Importation Through Borders Lauded
The Operations Manager, Ports and Terminal Multiservices Ltd., Jack Angrish, on Wednesday, lauded the ban on vehicle importation through the land borders.
CBN Bars Interest Payment On Bank Deposits
Intervention Funds: CBN Cautions Banks Against Double-Digit Interest
The apex bank governor Godwin Emefiele has warned Participating Financial Institutions against charging double-digit rate on intervention funds guaranteed by the CBN.
Nigeria Stock Market Indices Down By 0.28%
Transactions on the Nigerian Stock Exchange (NSE) on Tuesday returned to the negative with indices shedding 0.28 per cent amid loses by major equities.
Oil Price Climbs $55.33 High After OPEC Agreement
Crude oil is now above 55 dollars a barrel as rising prospects of a tightening market following last week’s OPEC deal to cut production, which has given speculators impetus to increase bets on higher prices.
Customs Intercepts Container Of Jollof, Egusi Imported From India
The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20ft container of 'ready to eat' foods like Egusi, Jollof Rice, Ogbono.
audu-ogbeh, Benue news
FG Considering Public Debate To Set Up Commodity Pricing Board By 2017
The Federal Government says it is considering holding a public debate in order to establish commodity pricing board by 2017.
Rice Hike, Act Of Sabotage By Unscrupulous Elements – RIFAN President
Rice farmers have assured Nigerians of their readiness to make the price of staple commodity affordable and accessible by 2017.
FG To Give Microloans To 1.2m Nigerians At 2-3 Percent Interest Rates
The Federal Government on Sunday said that 1.2 million Nigerians would be given microloans at two or three per cent interest rate as part of efforts to create jobs under its social investment programme.
N800 Billion Spent On Infrastructure In 2016 Highest In Recent Times – Presidency
The Presidency on Sunday in Abuja said that the Federal Government’s Economic team is strong and competent to discharge its duties.
fertilizer
Fertilizer: Nigeria-Morocco To Produce 1m Tonnes
Presidential spokesman Garba Shehu, who stated this in a statement, noted that the Fertilizer Producers and Suppliers of Nigeria and a Moroccan company, OCP, would work towards realising the goal.
BOA Begins Verification Of Anchor Borrower Beneficiaries In Cross River
The Bank of Agriculture (BOA) has commenced the verification of rice farms of the beneficiaries of the CBN’s Anchor Borrowers Programme in Cross River.
Nigerians In U.S. Celebrate Trump’s Appointment Of Bayo Ogunlesi
The Nigerian community in U.S. has lauded the appointment of Bayo Ogunlesi by U.S. President-elect Donald Trump into his Economic Advisory Team, saying it could signal a positive trend for Africa.
Over 21 Million Workers Still Trapped In Slavery — ILO
The International Labour Organisation (ILO) on Friday said that more than 21 million workers are still trapped in slavery and forced labour around the world.
Obaseki Slams Oil Majors For Neglecting Host Communities
Gov. Godwin Obaseki of Edo has decried the poor attitude of multinational oil companies operating in the state toward the welfare of their host communities.
Nigerian Equity Market Strengthens With 1.88% Growth Recorded
The Nigerian equity market on Friday increased by 1.88 per cent to extend an uptrend for the third consecutive day with the market capitalisation improving by N164 billion.
Revenue Remittance: EFCC Prosecution Awaits Defaulting MDAs
Nigeria's Minister of Finance Kemi Adeosun says EFCC prosecution awaits federal agencies indicted by audit for failing to remit revenue into government coffers.
gm-foods
3 Genetically Modified Crops Under Secret Trials In Nigeria
Three genetically modified crops are currently under confined field trials in Nigeria, Dr Rufus Ebegba, DG, National Biosafety Management Agency, has said.
Nigeria investment inflow
Speculation, Hoarding Bane Of Naira/Dollar Exchange Rate – BDC President
A Bureau De Change operator, Aminu Gwadabe, has identified speculation, hoarding among others as the reason for the continued spike in the exchange rate.
How Kano DisCo Fleece Customers With Handwritten Electricity Bills
Some Kaduna residents have cried out about the unbearable extortion they suffer from staff of Kano Electricity Distribution Company (KEDCO), Concise News gathers.
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