Nigeria’s total exports between 2003 and 2007 has increased steadily from about $23.8 billion in 2003 to $58.7 billion in 2007, an average annual growth rate of about 20 per cent, the National Association of Nigerian Traders (NANTS) and ActionAid … read more
The Federal Government has been advised to provide a take off grant of $30 billion to address the new initiative in the Niger Delta region. Former Minister of Finance, Etubom Anthony Ani, who made the call in a chat with … read more
Imo State Police command yesterday paraded three suspected kidnappers who strangulated their victim, a 10-year-old boy, to death even after collecting ransom from his parents. Also paraded were seven armed robbery suspects arrested by the command from different parts of … read more
President Umaru Yar’Adua on Friday pardoned a man who spent more than two decades on death row for armed robbery and requested amnesty for a 90-year old man sentenced to death. The pardons come three weeks after global rights group … read more
China’s Shenzhen Energy Group plans to build a 3,000 megawatts (MW) power plant in a joint venture with Nigeria’s First Bank FBNP.LG at an estimated cost of $2.4 billion, the financial institution said on Friday. Shenzhen signed a preliminary agreement … read more
The last is yet to be heard about the Leadership newspaper report on the alleged failing health of President Umaru Yar’Adua as the newspaper’s top management staff have become guests of the Nigeria Police Command and the State Security Service … read more
A new threat looms over Nigeria’s 2009 budget as oil sold on the international market at below $57 per barrel (pb) on Wednesday, the lowest in 20 months, with a hint that it could dip even further. Nigeria, one of … read more
EDO State governor, Comrade Adams Oshiomhole, yesterday ordered the freezing of all government bank accounts. Also, Oshiomhole yesterday met with President Umaru Musa Yar’Adua at the Presidential Villa Abuja to solicit the president’s support. However, the order freezing accounts was … read more
Total French investment in Nigeria has hit the $4 billion mark exceeding the total investment of the United Kingdom in the country, but trails that of theUnited States slightly, Franco Nigeria Chamber of Commerce and Industry (FNCCI) said yesterday. The … read more
THE police in Ogun State have arrested two naval ratings for allegedly killing a policeman and stabbing another on Wednesday night in a hotel in Ota area of the state. Nigerian Tribune learnt that one policeman, identified as Oladiran Abanikanda, … read more