The Federal Government, in collaboration with the World Bank, has allocated $600 million to rehabilitate 200,000 kilometres of rural roads under the Rural Access and Agricultural Marketing Project (RAAMP). This was disclosed by Ogbuagu Chika, Principal Information Officer at the…
The African Development Bank (AfDB) Board of Directors has approved a $30 million equity investment in the Africa Finance Corporation (AFC) to support the rollout of innovative “green shares” aimed at mobilising resources for climate action projects across Africa. This…
The Dangote Refinery and Petrochemicals complex has been lauded as an extraordinary achievement, showcasing Nigeria’s technological advancements on the global stage. This praise was shared by a delegation from the Japanese business community in Nigeria, led by Japan’s Ambassador-designate to…
…As Niger, Mali, Burkina Faso say ECOWAS exit is irreversible By Seun Ibiyemi and Sodiq Adelakun In a historic move, Nigeria has made its first full payment to the Economic Community of West African States (ECOWAS) in 19 years, contributing…
By Seun Ibiyemi Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that an oil spill occurred at the Shell Petroleum Development Company (SPDC) loading terminal, SMI, in Bonny, Rivers State on Saturday, December 14, 2024. The incident resulted from…
By Seun Ibiyemi Minister of Marine and Blue Economy, Adegboyega Oyetola, has stated that sustainable fisheries management is a vital pathway to economic growth and food security in West Africa. Speaking at the 15th session of the Conference of Ministers…
By Seun Ibiyemi The Federal Airports Authority of Nigeria, FAAN, has said over the last five years, it remitted over N218 billion in Internally Generated Revenue, IGR, into the country’s Consolidated Revenue Fund, CRF. The Managing Director of FAAN, Mrs…
The Securities and Exchange Commission (SEC) has revealed that since 2017, the Nigerian federal government has issued six Sovereign Sukuk bonds, amounting to N1.1 trillion ($657.6 million). The proceeds from these bond issuances have been allocated to finance 124 federal…
By Seun Ibiyemi The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has announced that pension fund assets in Nigeria reached N21.92 trillion as of October 2024, although challenges continue to affect the industry. Oloworaran made this announcement on…
The Securities and Exchange Commission (SEC) says the federal government has issued six sovereign sukuk bonds worth N1.1 trillion ($657.6 million) to finance 124 road projects spanning over 5,820 kilometers across the country’s six geopolitical zones. The director-general of the…
