Connect with us

Business

Nigeria-Australia Trade Volume Stands At $2bn

Published

on

The Australian High Commissioner, Mr Jonathan Richardson, says the trade volume between Nigeria and Australian stands at about two billion dollars.
Richardson, who made the disclosure at the celebration of Australia Day in Abuja on Saturday, said that Australia currently imported about 2 billion dollars worth of oil from Nigeria.
The high commissioner said that Nigeria’s export to Australia had reduced recently, while Australia’s export to Nigeria had increased significantly.
“The total volume of trade between Australia and Nigeria now is around 2 billion dollars.
“I think the level of petroleum export from Nigeria has dropped a bit.
“Our exports to Nigeria are very high; we want to make Australia exports to Nigeria higher because we see a lot of potentials here,” he said.
According to him, we have been exporting such things like wheat and some equipment and so forth. We hope there would be more commercial involvement in those areas.
Richardson said Australian exports had grown “more modestly but slowly” over the last few years.
The envoy said that his country had a number of companies that were active in the mining and the infrastructure sectors.
He acknowledged Nigeria’s economy as the largest in Africa following the rebasing of its Gross Domestic Product (GDP) in 2014, saying it is an important milestone.
According to him, the bilateral relationship between Nigeria and Australia has grown stronger over the last few years; it has taken a number of different dimensions.

Mazi Charles Okoro (2nd left) Regional Banker/Head of Fidelity Bank South-South in a handshake congratulating Miss Faith Chikodi Elumezie, one of the winners of the Fidelity Save for Scholarship at a promo organised by the bank in Port Harcourt, flanked are Uchenna Opara, Head of e-banking/Sales and Anthony Onah, Head SME, Rivers/Bayelsa region. Photo: Ibioye Diama

Mazi Charles Okoro (2nd left) Regional Banker/Head of Fidelity Bank South-South in a handshake congratulating Miss Faith Chikodi Elumezie, one of the winners of the Fidelity Save for Scholarship at a promo organised by the bank in Port Harcourt, flanked are Uchenna Opara, Head of e-banking/Sales and Anthony Onah, Head SME, Rivers/Bayelsa region. Photo: Ibioye Diama

Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

on

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

on

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

on

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending