The Nigerian Ports Authority says has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, Announcing this in a statement on Wednesday, the NPA said it had also […]
Economy
The president of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Odeiga Jideonwo, has commended the Dangote Group, led by its President, Aliko Dangote, for adding “immense value to the Nigerian economy and still going stronger.” Jideonwo stated this at the 35th Enugu International Trade Fair, held Wednesday with […]
The Association of Senior Staff of Banks, Insurance and Financial Institutions has linked the cause of cash crunch in the country to panic withdrawals by bank customers, and activities of misguided individuals engaging in the unethical practice of hoarding naira notes for personal gain. In a statement issued by the […]
The Federal Government is introducing incentives to attract oil and gas investment as Nigeria – Africa’s biggest economy, works to ramp up crude oil output. Some of the measures being adopted include substituting signature bonuses – the payments made by companies to governments upon signing contracts – with lump sums […]
The Federal Government’s appetite for foreign loans is waning, the latest data from the Debt Management Office has revealed. This is as total debt public debt rose to N87.91tn as of the end of September. Rather than increase its foreign debt stock as has been the case before now, a […]
The Head of Media Relations at Access Holdings, Abdul Imoyo, is dead. A statement issued by Tunde Imoyo, on behalf of the family, said he died in the early hours of Sunday, December 17, 2023, at the First Cardiology, Ikoyi, Lagos, after a brief illness. The statement read in part, […]
A National advisor, Investment and Technology, United Nations Industrial Development Organisation, Dr Adekunle Olushile, has said Nigerians accessibility to potable water is less than 30 per cent. Speaking at a networking session with different stakeholders in the private sector organised by a member of the Alga Africa Group, Jos. Hansen, […]
Local airlines under the aegis of the Airlines Operators of Nigeria and local producers on the platform of the Manufacturers Association of Nigeria have begun plans aimed at getting Dangote Petrochemical Refinery to priotise diesel and JetA1 supplies to local carriers and manufacturers. The move came about one week after […]
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency […]
Only 0.1 per cent of targeted poor and vulnerable households have received the Federal Government’s recently launched cash transfer of N25,000 per month. This is according to data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, during his presentation of the Nigeria Development Update, December 2023 edition last […]
