News

Afreximbank launches $1.5bn facility for post COVID-19 recovery in Africa

The African Export-Import Bank (Afreximbank) has launched a 1.5 billion-dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies…

6 years ago

FEC approves ₦30.69b for FCT ONEX road

The Federal Executive Council (FEC) has given its approval for the award of contract on the full scope development of…

6 years ago

Agriculture: FG seeks fresh $1.2bn loan from Brazil

The Federal Government is seeking a $1.2bn external loan from Brazil to finance agricultural programmes in the 2021 budget. The…

6 years ago

Nigeria’s debt to increase by N6tn in 2021 – Finance Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will increase by N6tn…

6 years ago

FG rakes in ₦424.71b from VAT in Q3, 2020

The Federal Government said it earned a total sum of N424.71 billion from Value Added Tax (VAT) in the third…

6 years ago

NNPC, FIRST E&P joint venture commences production in OMLs 83/85

The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture has announced the…

6 years ago

Power sector records N243bn capacity loss within 10 months

The power sector has recorded a generation capacity loss of N243 billion within 10 months from January to October 2020.…

6 years ago

Oil prices fall as fresh COVID-19 lockdown looms

Oil prices fell more than 3% on Monday over fears that COVID-19 lockdowns across Europe will weaken fuel demand. Brent…

6 years ago

FG calls on shipping firms, operators to adopt NXP

The Federal Government has admonished port terminal operators and shipping companies to adopt the Nigerian Export Proceeds (NXP) number in…

6 years ago

Nigeria records power transmission of 5,459.50MW, highest ever

The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national high of 5,459.50MW. A statement…

6 years ago

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