World Bank rates Nigeria fourth in Global Trade Logistics in West Africa

The World Bank has ranked Nigeria in fourth position among West African countries in its Global Trade Logistics Performance Index (LPI) for 2016. Leading the pack of success for the sub-region was Cote D’Ivoire, with Senegal coming second, while Sao Tome came third. Though Nigeria left Ghana to the fifth position, it is still seen…

Made-in-Aba products: Gov Ikpeazu takes campaign to China

Governor Okezie Ikpeazu of Abia State has taken the promotion of made-in-Aba products to Guangzhou, China, to draw in investors. The governor, according to a statement issued in Umuahia on Friday by his Chief Press Secretary, Enyinnaya Appolos, gave the assurance during his presentation on the investment potentials in Abia State, at the first Nigeria-China…

Forex stability: financial experts’ predict further drop in inflation rate

Some financial experts on Friday expressed optimism that the nation’s inflation figure would continue to slowdown with enhanced stability in the foreign exchange market. They said this in an interview with the News Agency of Nigeria (NAN) in Lagos while reacting to March inflation figure. The experts said that the inflation figure would continue to……

Why Nigeria spends $170m yearly to import tomatoes

The revelation by the Minster of Industry, Trade and Investment, Okechukwu Enelamah, that Nigeria’s Federal Government alone spends over $170 million yearly to import tomatoes has drawn negative reactions from both the farmers and other sectors. Enelamah, at a media chat in his office recently stated: “Nigeria imports an average of 150,000 metric tons of…

ECONOMY: We see light at the end of the tunnel –Osinbajo

Vice President Yemi Osinbajo has said that President Muhammadu Buhari’s administration is hopeful of replicating the success it has made in the area of security and fight against corruption in the nation’s economy.   A statement released by Senior Special Assistant (SSA) on media and publicity to the President, Office of the Vice President, Laolu…

After N11bn PMS with Ifeanyi Ubah, MRS goes missing NNPC sacks 3 directors

Few weeks after the Nigerian National Petroleum Corporation (NNPC) announced measures to achieve full recovery of over 130million litres of premium motor spirit (PMS) worth N11billion from Capital Oil & Gas Limited, it has sacked three of its directors and deployed four others. While the reason for sending the directors on compulsory leave was not…

Aliko Dangote, Africa’s Richest Man, Writes For YouWiN!Connect

Aliko Dangote, Africa’s Richest Man Africa’s richest man and President/Chief  Executive Officer (CEO) of Dangote Group, Alhaji Aliko Dangote, will write an article in the next edition of YouWiN!Connect, which will be published in five newspapers. The article, which will focus on “Starting Small”, will be published in PUNCH and Vanguard on Sunday; and in…

Inflation drops by 0.52 % in March

The National Bureau of Statistics on Thursday, revealed that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first time inflation decline was in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index for March released in Abuja, the bureau stated…

FOREX: Senate unravels alleged N30tn fraud by banks

The Senate, on Wednesday, declared that over N30 trillion has been round tripped by virtually all the commercial banks in the country from 2006 till date in their management of foreign exchange earnings for importers. This disclosure was made by the Chairman, Senate Committee on Customs, Excise and Tariffs, Senator Hope Uzodinma, after an investigative…