Business

DMO ready for the next stage of refinancing domestic debt

The planned external financing of USD2.50 billion is for the refinancing of maturing domestic debt obligations of the Federal Government.

It is not a new or incremental debt because it will not lead to an increase in the public debt stock.

The purpose is to rebalance the Federal Governme [...]

Thu, 08 February 2018


NNPC, DPR clamp down on Kubwa fuel station

A combined team of officials from the Nigerian National Petroleum Corporation, NNPC, and the Department of Petroleum Resources, DPR, has clamped down on an errant fuel station in Kubwa.

The Corporation said in a statement that its Group Managing Director, Dr. Maikanti Baru, ordered an i [...]

Thu, 28 December 2017


Low liquidity: fear grips investors over trapped funds

The current economic condition in Nigeria characterised by inflation and low liquidity, could be sending negative signals to foreign investors, as a number of them are skeptical about being able to retrieve their funds whenever they decide to pull out their investments.

The International Moneta [...]

Fri, 15 December 2017


Bidders test financial strength of 9mobile

The five companies in the running for possible take-over of 9mobile are currently conducting due diligence on the company to ascertain its financial health before bidding, the Nigerian Communications Commission, NCC, has said.

Executive Vice Chairman of the commission, Prof. Umar Danbattaa, sai [...]

Fri, 15 December 2017


Nigeria’s export value rose by 13% in Q3 – FG

Nigeria’s total export value rose by 13.19 percent in the third quarter of 2017, to stand at $10million which is equivalent to N3.57billion.

The National Bureau of Statistics, NBS, in its Foreign Trade Statistics for the third quarter 2017, said the figure represented an increase of 35 pe [...]

Fri, 15 December 2017


Consumer abuse complaints rise by 30%

The Consumer Protection Council, CPC, said it recorded tremendous increase in the rate of consumer abuse complaints from Nigerians.

The Director-General of the Council, Mr. Babatunde Irukera, said consumer complaint rose by 30percent in the last eight months mostly due to increased awareness of [...]

Fri, 15 December 2017


Illegal fishing impedes devt of aquaculture in Africa

The federal government has said the challenges of illegal fishing and low investment in fisheries and aquaculture is threatening the huge potential abound in the fisheries subsector in Africa.

According to Nigeria’s ministry of agriculture, the lack of update data related to the status of [...]

Fri, 15 December 2017


Africa Loses US$25 Billion To Malnutrition Annually - Adesina

President of the Africa Development Bank AfDB, Mr. Akinwumi Adesina, has said that Africa loses about US$25 billion annually to malnutrition.

In a statement made available to our correspondent, Adesina made this revelation in Abidjan at the 2017 Global Gathering to review progress in tackling m [...]

Wed, 29 November 2017


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Latest posts

PhotoI’ll go shirtless if I see someone wearing my kind of shirt – Burna Boy

Nigerian singer, Burna Boy has revealed that he can go shirtless if he sees someone wearing the same shirt as his.

While describing his styl [...]

16 November 2018

PhotoFCT water board records over N100m monthly revenue

The General Manager of FCT Water Board, Engr. Aliyu Nahuche, has revealed that the revenue collection of the water board has increased geometricall [...]

16 November 2018