By Kayode Tokede The International Monetary Fund (IMF), says sub-Saharan Africa’s low-income countries face additional external funding needs of about 245 billion dollars over the next five years or 425 billion dollars for the whole region. IMF’s Director, African Department,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the nation’s foreign reserves gained $61.2million in three days from $35.14 billion on Monday to $35.19billion as at Wednesday. The foreign reserves, according to Nigerian NewsDirect investigation reached…
The need for addressing matters relating to financial recklessness in Nigeria is now more alarming than ever, given the financial plague confronting the Country. It is apparent that the offsprings of the prevailing plague is such that have left no…
By Faizat Adeboye Chevron’s venture capital arm and Moreld Ocean Wind have agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines. The investment by Chevron Technology Ventures is its first in offshore wind. The size…
In a bid to inculcate financial discipline, Sterling Bank Plc, Nigeria’s leading commercial bank, held a financial literacy training session for secondary school pupils in Jigawa State. The interactive session equipped the pupils with skills for making informed and effective…
The Nigerian Ports Authority (NPA), on Thursday, disclosed the suspension of ETO (Electronic Call-up for trucks) ticket for cargoes bound for the AP Moller Terminal (APMT) in Apapa. This was contained in a series of tweets on the official twitter…
The National Bureau of Statistics (NBS) has said inflation rate increased in March by 0.82 per cent to 18.17 per cent from 17.33 per cent in February. The NBS said this in its Consumer Price Index (CPI) report for March…
By Faizat Adeboye The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased to N361.29 in March from N355.8 in February. The bureau in its “National Household Kerosene Price Watch…
By Faizat Adeboye Minister of State for Petroleum Resources, Timipre Sylva, has taken steps to avert an impending industrial action at Agbami Offshore Oilfield operated by Chevron Nigeria Limited (CNL). General-Secretary of Petroleum and Natural Gas Senior Staff Association of…
I want to tell a story. The story of my friend who was like a brother. He was also killed when he came to Nigeria after more than 20 years in America. My friend, Peterson, came to America in the…
