Business

The European Commission has requested the formation of adjudicating panels at the World Trade Organization as the next step in two trade disputes with China. The disputes, both brought to the WTO at the beginning of the year, concern alleged Chinese restrictions on EU companies’ rights to use a foreign …

The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna .B. Mustafa, individuals will only be able to withdraw …

Food and Agriculture Organization of the Nations (FAO) has estimated that 25.3 million Nigerians are in danger of experiencing food crisis between June and August 2023 unless urgent steps are taken to scale up and sustain livelihood and food assistance. FAO said this was contained in its October 2022 Food …

The Federal Government has employed about 161 persons living with disabilities in different agencies and Parastatals. The Executive Secretary of the National Commission for Persons With Disabilities (NCPWD), James Lalu, who announced this, appreciated the present administration for giving hope to disabled persons in the country. Lalu also said President Muhammadu …

Former President Olusegun Obasanjo has said the oil and gas sector can no longer sustain the nation in the face of burgeoning population. Obasanjo said this when he hosted the leadership of the apex socio-cultural group of the Tiv from Benue State, Mzough U Tiv (MUT) at his Olusegun Obasanjo …

The price cap on Russian seaborne oil agreed upon by the European Union, the G7 and Australia has come into force. The cap of $60 per barrel, which took effect on Monday, is aimed at limiting Russia’s ability to finance its war in Ukraine while making sure it keeps supplying …

Six power transmission towers belonging to the Niger Delta Power Holding Company have been destroyed by vandals in Rivers State, while a member of a vigilante group in the affected area was shot dead by the miscreants, the NDPHC announced on Sunday. It said the unrelenting attacks on power infrastructure …

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Abdullahi Inuwa, has said Nigeria’s e-commerce businesses rose to over $17 billion early this year. Inuwa said Federal Government’s digitalisation policy had accelerated the growth of the e-commerce and other sectors in the past few years. The NITDa …

Nigeria now faces the risk of being unable to sustain its rising national public debts unless urgent actions are taken to curtail expenditure and increase the country’s revenues The Debt Management Office (DMO), which oversees the government’s debt issuance and management, raised the alarm at the weekend. DMO warned that …

Human rights lawyer, Femi Falana, on Sunday faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying it does not translate to the legitimising of the policy. But Falana, in a statement, said the President is expected to present a money bill to the National Assembly for …