The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, costing N41.31 billion. Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday, stating that there is no…
The Norwegian Government has commended the Federal Government of Nigeria for its leading role in ensuring Safety and Security in the Gulf of Guinea and declared its readiness to deepen relationship with Nigeria. The Royal Norwegian Minister of Foreign Affairs,…
By Ibiyemi Mathew The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to host the 4th edition of the Nigerian Oil and Gas Opportunity fair (NOGOF). The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote revealed that the…
The Vice-President Yemi Osinbajo has described the country’s energy transition plan as “bold and innovative.” Osinbajo said this when he declared open the exhibition of the ongoing 2023 Nigeria International Energy Summit (NIES) at the International Conference Centre, on Tuesday…
The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government’s planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria’s debts and tackle widespread corruption in the oil sector. LCCl’s President, Dr Michael…
Minister of Finance, Budget and National Planning, Zainab Ahmed, has been named in the Commonwealth body for global financial reform. Nigeria’s Ahmed will co-lead the “Finance Ministers Working Group for a Call for Reform of the Global Financial Architecture”. The…
Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall…
The Washington based-World Bank said Nigeria had spent 96.3 per cent of its 2022 revenue on debt servicing. Word Bank disclosed this in its recent Macro Poverty Outlook for Nigeria: April 2023. Recall that the Debt Management Office said Nigeria’s…
By Titus Atondu, Makurdi Benue State Governor, Samuel Ortom has disclosed that with the resumption of Air Peace commercial flight operation in Benue State, business and economic activities will rise again. Ortom made the disclosure in an address while inaugurating…
By Ibiyemi Mathew Latest data released National Bureau of Statistics (NBS) on Monday has revealed that Electricity Distribution Companies (DisCos) generated N434.94 billion in revenue in the third and fourth quarters of 2022. In it’s “Nigeria Electricity Report”, detailing revenue…
