Rising debt: Nigeria may go under if urgent actions are not taken
Returning and incoming governors on Wednesday, criticised Nigeria’s mounting debt, with some expressing concern that the nation might collapse if urgent...
Anxiety grows as Nigeria’s foreign investments dip by $75bn
Nigeria faces a gloomy economic future as its international investment position (IIP) recorded a lower net financial liability of $74.48 billion...
FG ratifies aircraft leasing, airport facilities agreements
The Federal Executive Council approved the procurement of taxi lighting systems for airports in Port Harcourt, Lagos, and Abuja at...
FG to generate $800m from Abuja, Kano airport concession
The Federal Government of Nigeria has approved the concession of the Nnamdi Azikiwe International Airport, Abuja and the Mallam Aminu...
FG eyes 1600MW with new power stations, transformers
The Federal Government, on Wednesday, said the facilities required to raise Nigeria’s electricity output by about 1,600 megawatts, under phase...
Banks’ assets grow to N78tn, says CBN
Total assets of the Nigerian banking industry rose by 25.12 per cent in one year to N77.59tn as of the...
FEC Approves $4.7bn Port Projects In Ondo, Lagos, Delta
The Federal Executive Council on Wednesday approved port development projects worth $4,713,841,477 in Ondo, Lagos and Delta States. The Minister...
FG Inaugurates Implementation Committee on Blockchain, Target $4bn Yearly
A committee to implement the National Blockchain Policy approved by the Federal Executive Council (FEC) two weeks ago, was on...
Release $717.4m Airline Trapped Funds, Senate Urges CBN
The Senate on Wednesday urged the Central Bank of Nigeria (CBN) to release $717,478,606 airlines funds trapped in the country....
Oil gains on US plans to refill reserves, supply concerns
Oil prices rose for a second day on Tuesday, supported by US plans to purchase oil for its Strategic Petroleum...
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