Business

AfDB denies calling off loan to Nigeria, considers $400m loan request

 

The African Development Bank, AfDB, has denied media reports alleging that the bank has called off a proposed $600m loan to Nigeria rather, it could consider Nigeria for an additional $400m loan if such a request was approved by its Board.

The Director, Communication and E [...]

Fri, 03 November 2017


9 firms battle to monitor Discos and Gencos

 

Atleast nine consulting firms are battling for the right to monitor the Nigerian power sector, with the aim of managing post-privatisation challenges in the sector.

The bid signals the recommencement of a process that was stalled two years after the procurement process for [...]

Fri, 03 November 2017


NNPC to establish biofuel plant in Ondo state

 

The Nigerian National Petroleum Corporation, NNPC, has signed a Memorandum of Understanding, MoU, with the Ondo State Government to establish a biofuel plant in Okeluse, Ondo State.

A statement by the corporations spokesperson, Mr. Ndu Ughamadu, said the plant, which is es [...]

Thu, 02 November 2017


NNPC commences oil exploration in the Benue trough

The Nigerian National Petroleum Corporation, NNPC, has officially commenced oil exploration in the Benue trough with the mobilization of its data services department to acquire seismic data.

Speaking during a visit to Governor Samuel Ortom un Makurdi, last week, Group Managing Director [...]

Thu, 02 November 2017


Rural women farmers demand 10% annual budgets to agric

Women farmers in Africa have asked governments across the continent to domesticate the Maputo Declaration and commit at least 10 percent of their annual budgets to agriculture to ensure food security on the continent.

The 2014 Maputo Declaration in the agricultural sector seeks to cut p [...]

Tue, 31 October 2017


Utilizing the gains of the 2017 economic summit

Despite the recent growth recorded by the Nigerian economy connoting its exit from recession, projections from the global organisations suggest a rather slow growth towards recovery, given the severity of the economic crises the country have had to content with

For instance the Internat [...]

Tue, 31 October 2017


Recession: Expert calls for prompt action to curb child, maternal death

As recession bites harder, president of National Association of Resident Doctors, Lagos University Teaching Hospital, LUTH Chapter, Dr. Afolabi Akinkunmi,has said that prompt measures need to be put in place to curb child and maternal mortality in Nigeria.

Akinkunmi, who is a trained gynaecolog [...]

Wed, 21 December 2016


Delta targets N70 billion IGR in 2017

Delta state government is targeting N70.1 billion in 2017 fiscal year as its internally generated revenue representing 26.90% of the total projected revenue by the state.
Governor Ifeanyi Okowa stated this while presenting a budget proposal estimate of N270.1 billion for 2017 fiscal year to the [...]

Fri, 11 November 2016


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