Osinbajo makes first appointments

 Appoints new heads for BOI, PenCom

 The Acting President, Prof. Yemi Osinbajo, has approved the appointment of Olukayode Pitan as the Managing Director of the Bank of Industry, BoI, with Dikko AbdulRahman appointed chairman of the bank’s governing board.

Group flays shipowners over discriminatory wages

National President, Nigeria Merchant Navy Officers and Water Transport Senior Staff Association (NMNOWTSSA), Matthew Alalade, has accused indigenous ship owners of having discriminatory conditions of service skewed against local seafarers.

Ghana, Togo, Benin, others boycott Niger trade fair over insecurity

By Ummi Ismaeel,



Traders and business outfits from neighbouring countries and south of Nigeria have shunned the 15th Niger State domestic trade, alleging insecurity.

JCOSTO spends N4m on Apapa-Tin Can road

A group operating in the maritime sector said they had spent over N4 million to assist the government in fixing the bad seaports access roads within the Tincan and Apapa axis.

CBN lists items valid for Forex

 The Central Bank of Nigeria (CBN) has released a list with 36 categories of items that can source foreign exchange (forex) from the market.

The list, endorsed by Director, Trade and Exchange, W.D Gotring, was sent to all authorised dealers, Nigeria Customs and the public.

Africa's richest man idles factory as Grubs devour tomatoes

Farmers avoiding crop after pests ravaged last year’s produce

.Factory expected to resume in July when tomato supply improves


By Bloomberg


Thousands of farmers in northern Nigeria contracted to grow tomatoes for a set 

Sub-standard tyres: Absence of interpreter stalls trial of two Chinese

The trial of two Chinese suspects, Tao Shen and Jing Yau, who were 

charged with the importation of sub-standard tyres was stalled

 on Monday due to absence of interpreter for them.

Consequently, the trial judge,  Justice  Mojisola Olatoregun of the Federal

Buses to undergo scanning at Seme border

Passenger luxury buses coming to Nigeria from other West African countries

through Seme Border will now go through scanning machine like containers and other trucks.

 This measure is being put in place by the new Customs Area Controller

Nigeria president sick, ETF hits new low

Nigeria's president is in ill health. While the country is in the hands of the vice president, markets don't like the uncertainty.

Plunging oil prices show OPEC has lost its grip on th

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling.