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President Vladimir Putin has said Russia would be ready to hand over cyber criminals to the United States if Washington did the same for Moscow and the two powers reached an agreement to that effect. Putin made the comments in an interview aired in excerpts on state television on Sunday …

Victoria Onu, Abuja The Federal Government is seeking support from stakeholders to increase the country’s share of the coconut global market. Global coconut trade currently stands at about $6bn. The Minister of State for Industry, Trade and Investment, Mariam Katagum said these on Tuesday in Abuja at the flag-off of …

Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has called for the establishment and strengthening of more arbitration institutions in line with international standards. This, according to him, will also ensure parties adhere to the awards that may be issued from such institutions. Towards this end, he …

The Federal Government has assured United Kingdom companies operating in Nigeria of its support in ensuring that they thrive even in the face of dwindling foreign exchange earnings. It also vowed to create the enabling environment for them to carry out their businesses unhindered. Minister of Industry, Trade and Investment, …

Oluwasina Phillip The Nigerian National Petroleum Corporation has said that the Nigerian oil and gas industry will require at least $40bn (N16.4trn) in direct investments in basic infrastructure to achieve the federal government’s much talked-about “Decade of Gas.” NNPC said that it was targeting between 7.4 billion cubic feet to …

Ebuka Daniel Vice President Yemi Osinbajo has unveiled plans by the federal government to launch a job fellowship scheme for graduates under which 20,000 youths will be employed annually. Osinbajo said the programme was being supported by the European Union (EU), Dangote Group, Bua Cement, Lafarge Cement, Visa, Microsoft, among …

Ololade Omosan-Agie Overcoming Africa’s debt challenges will not only benefit the continent, but profit its partners in Asia, and the world economy as a whole, participants heard at a webinar to promote the 2021 African Economic Outlook among Asian audiences. This was the second such webinar for the region, following …

Ebuka Daniel The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country. The move is in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds …

Ololade Omosan-Agie African Export-Import Bank (Afreximbank) today, in Cairo, released its unaudited financial statements for the three months ended 31 March 2021, showing strong and resilient growth, ahead of prior year results and in line with expectations. The Bank reported a net income of $87.3m, a 4% increase over the 2020 …

Ebuka Daniel Despite the second wave of the Covid-19 pandemic, Nigeria’s economy has fully recovered from recession as Gross Domestic Product rose by 0.51 per cent in the first quarter of 2021. The National Bureau of Statistics revealed the development on Sunday in its GDP report for the first quarter …