Nigerian delegation in UK over 6.9bn Judgement Debt

The Attorney-General of Federation and Minister of Justice, Abubakar Malami (SAN), disclosed Sunday night that the Nigerian delegation had left for the United Kingdom to discuss with the legal team the possible strategies on how to deal with the $9.6bn judgement debt. The

AfDB approves grant of $500,000 for clean energy in Nigeria

The African Development Bank (AfDB) has approved a $500,000 grant to support the development of clean energy in Nigeria. A statement issued by the bank on Friday said the grant was approved under the AfDB’s Sustainable Energy Fund for Africa (SEFA). SEFA is

CBN clears air on cashless policy

  As reactions continue to mount following the announcement by the Central Bank of Nigeria  (CBN) on cashless policy, the apex bank has given more insight into the mode of operation on the policy. With fears and tension, which apparently, was as a result of

INCREASE LENDING TO SMES, MADUMERE URGES FG.

By Timothy Nwachukwu The erstwhile deputy Governor of IMO State, His Excellency Prince Eze Madumere has called on the Minister of finance and the governor of the Central Bank of Nigeria to increase lending to small and medium enterprises as they are the

FG seeks fresh $2.5bn World Bank loan

By Dulue Mbachu The World Bank and Nigeria are in talks for as much as $2.5 billion in a new tranche of concessionary lending to Africa’s most populous country, Vice-President for Africa Hafez Ghanem said. In the past year Nigeria received $2.4 billion

We seek partnership in Infrastructure, Power, President Buhari Tells German Envoy

  There has been consistent effort of President Muhammadu Buhari led administration towards achieving stable power supply in the country so as to stimulate development in every facets of the economy. Recently, President Buhari among his team had also signed a deal with

‘If Buhari wants more tax revenues, he must grow the economy

By Olu Fasan   Recently, President Muhammadu Buhari, through his Chief of Staff, Abba Kyari, queried the chairman of the Federal Inland Revenue Service, Dr. Tunde Fowler, for failing to collect enough taxes. In a letter dated August 8, Abba Kyari asked Fowler

Xenophobia: Why we are evacuating Nigerians for free – Air Peace is CEO

The Chief Executive Officer of Air Peace Airline, Mr Allen Onyema, has explained why the company is offering free service in the evacuation of Nigerians in the wake of xenophobic attacks in South Africa. Onyema told Channels Television in an interview on Tuesday

Stanbic IBTC committed to delivering long term values to its stakeholders – Sanni

Yinka Sanni, Chief Executive, Stanbic IBTC Holdings Plc, has assured Nigerians that the Bank remains strong, stable and sustainable in its operations. Stanbic IBTC Holdings Plc posted a profit of N36 billion for the half-year, which ended June 30, 2019 and rewarded shareholders

ECOWAS Parliament faults closure of Nigeria’s borders

ECOWAS Parliament faults closure of Nigeria’s borders, demands reversal The recent closure of the Nigerian borders with West African neighbours might hamper the implementation of the free trade movement within the sub-region of the Economic Community of West African States (ECOWAS), officials said.