Wednesday, July 08, 2020
China reversing Nigeria’s infrastructural deficit, says Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday lauded what he called China’s contributions towards the reversal of infrastructure deficit in Nigeria. He said such contributions were visible in the areas of rail, roads, airports and power…Read more.
FG, states, LGs should publish revenue data – NESG
The Nigerian Economic Summit Group has asked the Federal Government, state and local governments to publish data on revenue collection annually in order to develop a sustainable fiscal system for the country…Read more.
NNPC earns N192.4bn from petrol, kerosene, diesel sale
The Nigerian National Petroleum Corporation on Tuesday said it posted a total revenue of N192.4bn from the sale of petrol, kerosene and diesel in the month of March. In its latest monthly financial and operations report for March 2020….Read more.
‘Coal reserves can generate 53,900MW by 2030’
As Nigeria grapples with its power supply crisis, experts have said that the country can effectively generate up to 53,900 megawatts (MW) of electricity by 2030. The country currently boasts of about one billion metric tonnes of coal reserves…Read more.
ITFC, Afreximbank sign $200m pact to boost sub-Saharan Africa’s agric sector
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a $200 million syndicated financing agreement with the African Export-Import Bank (Afreximbank)…Read more.
Prestige Assurance to Raise N6.8bn via Rights Issue
Assurance is set to raise N6, 817,898,003 through the issuance of 13,635,796,006 shares at N.50 kobo per share. The firm disclosed this at the signing ceremony of the proposed rights issue yesterday…Rea more.
PDF Bridge to Organise Forum on Non-oil Export
The PDF Bridge programme is set to hold its first on-line non-oil exporters dialogue with a focus on addressing barriers to foreign market access. With the theme: ‘Addressing Barriers to Foreign Market Access – An analysis of Spices & Herbs, Textiles & Garments, and Leather Products’…Read more.
Africapitalism: Elumelu and Prospects of African Economic Community
Africapitalism. An ingenious word that can rub differently depending on one’s individual orientation, especially with the economic outcomes in many African countries after the Structural Adjustment Programme (SAP)…Read more.
Overwhelmed by COVID-19, Nigerians face food crisis over disruptions to planting season
A weary Nigerian population that has over four months endured the economic siege brought by the coronavirus (COVID-19) pandemic is facing an even harsher reality of food shortage…Read more.
Hiding group accounts, oil contracts hurt NNPC’s transparency efforts
Recent efforts by the Nigerian National Petroleum Corporation (NNPC) to increase transparency are marred by non-publication of its group financial accounts and refusal to disclose contracts signed with oil companies…Read more.
COVID-19 shrinks e-bills payment to five-month low
Safety measures to check coronavirus (COVID-19) spread did not spare electronic transactions as the volume of e-bills dropped to its lowest in five months, but the value is held up. Although the number of mobile phone connections…Read more.
