A study commissioned by ActionAid Nigeria has revealed that the country’s external debt stock increased by 410.9 per cent between 2012 and 2020, with the highest year-on-year growth recorded in 2017 at 65.82 per cent, followed by 35.16 per cent…
The National Bureau of Statistics (NBS) has said the All-commodity group import index on average grew by 0.13per cent in four quarter of 2020, driven by Base metals and articles of base metals, Boilers, machinery and appliances; parts thereof and…
Sovereign Trust Insurance Plc on Saturday said it recorded a Profit After Tax (PAT) of N687 million in 2020, against N503 million recorded in 2019. The organisation said this in a statement made available by Mr Olusegun Bankole, the insurer’s…
The Development Committee of the International Monetary Fund (IMF) and the World Bank Group (WBG) has urged the International Finance Corporation (IFC) to strengthen global preparedness for future pandemics. The committee said this on Friday in a communique issued at the end…
Zinox Technologies Ltd., Nigeria’s foremost indigenous Information Technology powerhouse, is set to connect the entire South East region to the information super-highway, with the rollout of broadband connectivity in the 95 local government areas in the South East Region. This…
The Minister of State for Petroleum, Timipre Sylva, says the Federal Government is working towards opening micro gas distribution channels across all local governments areas in the country. Sylva, disclosed this at the inauguration of the Nigerian Women for Liquefied…
By Ayo Fadimu The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote and the Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, have petitioned the Federal Government saying the activities of BUA Group especially the establishment of a sugar refinery…
Ibadan Electricity Distribution Company (IBEDC) Plc has clarified new load rotation implementation in Ibafo, Ogun state. The Distributing company noted that its attention was drawn to IBEDC Consumer Forum, Ibafo on the rejection of the new load shedding formula implemented…
The World Bank will provide 50 countries with finance to buy COVID-19 vaccines by mid-2021, Mr David Malpass, World Bank Group President has said. Malpass made this known on Wednesday in Washington D. C. during a news conference at the…
National sales Director for Dangote Cement Plc, Adeyemi Fajobi has expressed his companies’ unflinching and relentless supports towards the realization of the Nigerian governments, at both state and federal level, of transcending the country into an industrialized and entrepreneurial hub…
