One of Nigerian opposition political party, Alliance for New Nigeria, ANN, has express its displeasure over President Muhammadu Buhari’s refusal to assent to the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly in March 28, 2018, thereby
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The African Development Bank and Food and Agricultural Organisation are set to raise $100m for agriculture in a bid to end hunger and malnutrition and create wealth in Nigeria and other African countries. In a statement issued on Tuesday, the AfDB said both organisations would work together in strategic alliance to raise funds to promote […]
The Federal Government spent a total of N1.58tn on domestic debt servicing in the first half of the year, data available from the Debt Management Office have shown. In the first quarter of the year (January to March), the Federal Government spent a total of N923.3bn on servicing its domestic debt. This amount is made […]
The National Bureau of Statistics on Monday released the Gross Domestic Product growth rate for the second quarter of this year, with the economy recording a decline in performance from 1.95 per cent in the first quarter to 1.5 per cent. The bureau, in the report which was made available to our correspondent, said the […]
The Federal Republic of Nigeria shipped a total of US$44.5 billion worth of goods around the globe in 2017. That dollar amount reflects a -50.3% drop since 2013 but a 35.2% uptick from 2016 to 2017. From a continental perspective, well over a third (37.4%) of Nigerian exports were sent to European countries while 29.6% […]
Two international customers, Benin Republic and Niger, have paid $10.1m to Nigeria to settle their electricity bill. This was disclosed by the market operator arm of the Transmission Company of Nigeria (TCN) during the August power sector stakeholders’ meeting. The two neighbouring countries made the payments for their outstanding energy debt through their respective power
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