1,490 illegal routes enter Nigeria, says NIS

The Comptroller General of the Nigeria Immigration Service (NIS), Isa Jere, yesterday lamented the porous nature of the country’s borders, saying there were over 1490 illegal routes into the country.…

How SMEs can tap export opportunities – Expert

An expert has advised small- and medium-scale enterprises to leverage Nigeria’s economic opportunities by exporting their products. Speaking at a one-day seminar on Wednesday held in Abeokuta, organised by the…

Osinbajo Laments Unprecedented Leakages in Tax System

The Vice President, Prof. Yemi Osinbajo, yesterday said Nigeria was confronted with unprecedented leakages in tax administration. He said the situation had threatened fiscal stability in all the tiers of…

World Bank to fund $30bn projects in Nigeria, others

The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global…

No hike in electricity tariffs – NERC

The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement…

Current Visa Arrangement Frustrating Nigeria-US Trade, Says Lagos US Consul

The Head of Commercial Section/Commercial Counsellor, Lagos US Consulate, David Russell, yesterday, stated that the current visa environment between Nigeria and the United States of America was the biggest limiting…

Nigeria’s Rigs Count Remains Stunted as Oil Sector Investments Wane

With investment waning and oil production declining, Nigeria’s overall oilrigs count, which generally mirrors the measure of activities in the upstream sector, has continued to stagnate, a THISDAY analysis has…

Inflation hits 16.82%, exceeds IMF’s 2022 projection

The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed…

TETFund Recommends Termination of Contracts with Erring Contractors

The Tertiary Education Trust Fund (TETFund) has recommended the termination of contracts and sanctions for erring contractors handling projects in institutions benefiting from its various interventions. Executive Secretary of TETFund,…

Containers clearing cost jumps by 67%, vehicle parts’ prices soar

Freight charges in the nation’s seaports have jumped by 67 per cent, resulting in increases in prices of vehicle spare parts, The newsmen learnt. In separate interviews with our correspondent…