A report made by the National Bureau of Statistics (NBS) had revealed that Nigeria recorded N1.94 trillion foreign trade deficit in 2022. This implies a negative trade balance as the Nigerian economy is still
We shed light on the entrepreneurial journeys of four individuals who are exporting Nigerian agricultural commodities to international markets. 1. Supplying the American market with Nigerian superfoods Shalom Bako Dangombe, founder and managing director
The President and Chairman, Board of Directors, African Export and Import Bank (Afreximbank), Prof. Benedict Oramah, has blamed Nigeria’s economic crisis on over-dependence on oil revenue. Oramah, who spoke yesterday in Yola during the
LAGOS, May 22 (Reuters) – Nigeria commissioned Dangote Refinery on Monday amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving
The Chief Executive Officer, Second Coming Nigeria Ltd., a Liquefied Petroleum Gas (LPG) marketing company, Dr. Basil Ogbuanu, has called on the federal government to reduce import duties charged on cooking gas cylinders, equipment and
The International Energy Agency (IEA) has said that Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns strengthen the momentum behind more sustainable options. About $2.8
Chevron has launched a sale process for its oil and gas assets in Congo as the US energy giant continues to focus operations on newer and more profitable production, industry sources have told Reuters.
Stakeholders in the information communication technology (ICT) sector yesterday hailed the bold reforms promised by President Bola Ahmed Tinubu in his inaugural address to tackle the challenges besetting the sector and the economy. The
Following the launch of its HDX small form factor antenna, broadband specialist Gogo Business Aviation (Booth O98) has unveiled the FDX antenna, which is intended for larger aircraft and offers what the company claims is
Jet Support Services Inc. (JSSI) saw its best sales year since its inception in 1989, with a near-30 per cent jump in sales. The company offers a range of maintenance support and financial services
