Business

We’ll choose oil assets insurer transparently- Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has assured of a transparent process in the selection of the insurer of the corporation’s oil assets in 2020/2021.

Kyari gave the assurance in Abuja, during the public bid opening for comp [...]

West African FIUs move headquarters to Nigeria

West African Financial Intelligence Units have unanimously voted to move their headquarters to Abuja, Nigeria’s capital.

The Forum of West African Financial Intelligence Units took the decision at a meeting in Dakar, Senegal, last Wednesday, to relocate the headquarters from its temporary [...]

NNPC secures $1.16m US grant for Abuja power plant

Arrangements have been concluded by the Nigerian National Petroleum Corporation, NNPC, and the United States Trade and Development Agency, USTDA, to sign a $1.16 million grant as part funding for the Abuja Independent Power Project modelled to generate 1,350 megawatts of electricity. 

Both [...]

Countries need $264bn to end maternal deaths – UN study

Countries need about $264 billion, the equivalent cost of 110 military aircrafts, to end maternal deaths, gender-based violence, child marriage, and provide family planning to all women by 2030, said a United Nations study.

An investment of $115.5 billion – which is equivalent to the cost [...]

Border reopening: Nigeria, Benin, Niger constitute committee

A tripartite committee has been constituted by Nigeria, the Republic of Benin and Niger Republic, to recommend a day for the reopening of the borders between Nigeria and the two countries.

Nigeria shut down its borders in early October to checkmate activities of cross-border smugglers and crimi [...]

Kyari warns insurance firms to beware of facilitators

As 253 firms bid for insurance of oil and non-oil assets of the Nigerian National Petroleum Corporation, NNPC, the Group Managing Director of the Corporation, Mallam Mele Kyari, has called on insurance firms participating in the expression of interest to be wary of anyone promising to help them win th [...]

CBN stabilises naira with $25.68bn in eight months

The Central Bank of Nigeria, CBN, injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year.

The $25.68bn was arrived at by The Punch Newspaper based on analysis of the monthly economic report released by the apex bank.< [...]

No place for corruption in NDIC- Ibrahim

The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation, NDIC, Alhaji Umaru Ibrahim, has said the corporation has imbibed zero tolerance for corruption and all forms of malpractices.

Ibrahim stated this in Abuja during the inauguration of four members of the corpo [...]