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Category: Business
33 ships loaded with fuel, food, others set to arrive Lagos ports – NPA
The Nigerian Ports Authority (NPA) has announced that 33 vessels carrying petroleum products, food supplies, and other assorted cargoes are scheduled to arrive at major…
Nigerian govt, ECOWAS to provide off-grid electricity to 15 public hospitals, schools
The federal government, through the Rural Electrification Agency (REA) and the Economic Community of West African States (ECOWAS), has agreed to provide electrification to 15…
Nigeria to get fresh $500m World Bank loan amid huge debt burden
The World Bank is set to approve a fresh $500 million loan to Nigeria next month. The loan is aimed at boosting agricultural productivity and…
Nigeria’s capital importation rebound fails to translate into productivity – CPPE
The Centre for the Promotion of Private Enterprise (CPPE), has identified major concerns as the country’s capital importation rebounded by 380 percent on a year-on-year…
Nigeria floors UK tech firm to win $6.2m arbitration
Nigerian government has again secured victory against an international technology contractor, European Dynamics UK Ltd., in a $6.2 million arbitration. This was disclosed in a…
NNPCL: Dangote announces date Nigerians can buy his $20bn refinery shares
Chairman of the Dangote Group, Aliko Dangote, has announced that Nigerians will have the opportunity to purchase shares in the $20 billion Dangote Refinery within…
FG defers 70% of 2025 capital budget to 2026
The Federal Government has said it will implement 30 per cent of the 2025 capital budget before the end of November, as part of measures…
Tinubu’s Executive Order: FG, states, LGs allocation may increase by N15tn
The federal, state, and local governments may receive additional revenue allocations of about N14.57tn following the recent Executive Order signed by President Bola Tinubu, directing…
Nigeria moving from costly foreign debt to private capital – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria was deliberately shifting from expensive external borrowing to a…
N501bn bond not enough to clear N6.6trn power debt — GenCos warn of blackout
The Chief Executive Officer of the Association of Power Generation Companies (GENCOs), Dr Joy Ogaji, has said the Federal Government’s N501 billion power sector bond…