Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a US Justice Department investigation into the company and numerous former colleagues. Corruption isn’t exactly unheard of in …
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Nigeria’s foreign loans set for all-time high at $45bn as Buhari begs for additional $4bn loan Historic debt level The nation’s external debt stock could hit over $36 billion if the National Assembly approves the $4.054 billion new borrowing request presented by the executive to the federal legislators, yesterday. President …
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The Conservator General, National Park Service, Dr Ibrahim Goni, on Tuesday said about 1,129 square meters of forest reserves and national parks in the country were serving as hideouts for terrorists and bandits. He stated that this was affecting the NPS to effectively meet its set objective which was to …
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President Muhammadu Buhari yesterday urged the banking and financial services sector to play stronger roles in ensuring that small and medium-sized enterprises (SMEs) become “fit for purpose” as well as provide them full support to excel. He said such financial intermediation would be essential at the time like this when …
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A major row broke out between leaders of the Taliban just days after they set up a new government in Afghanistan, senior Taliban officials told the BBC. Supporters of two rival factions reportedly brawled at the presidential palace in the capital Kabul. The argument appeared to centre on who did …
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On its part, the Peoples Democratic Party rejected the fresh move to obtain fresh foreign loans of $4bn and €710m. According to the opposition party, the move by the President and his All Progressives Congress-led regime was another attempt at further mortgaging the future of Nigeria and Nigerians with less …
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LAGOS EYES $60 MILLION INVESTMENT, AS SANWO-OLU SIGNS GREEN BOND MARKET AGREEMENT Lagos State becomes the first sub-national Government to activate the framework for the unlocking of the $1 trillion Nigerian Green Bond Market Development Programme to finance key infrastructure projects. On Tuesday, Governor Babajide Sanwo-Olu signed Memorandum of Understanding …
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To establish International Financial Centre in 12 months Plans are underway for establishment of the Nigerian International Financial Centre, NIFC, in the next 12 months, just as the Central Bank of Nigeria, CBN, gets set to roll out the N15 trillion Infrastructure Corporation of Nigeria (Infra-Co) next month. Disclosing these …
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The Minister of State for Mines and Steel Development, Dr Uche Ogah, has said private jets are being used for gold smuggling in Nigeria. Ogah stated this at an investigative hearing on $9 billion annual loss to illegal mining and smuggling of gold, organised by the Senate Committee on Solid …
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Niger State Commissioner for Health, Dr. Mohammed Makusidi has disclosed that no fewer than 150 persons have lost their lives to a cholera outbreak across the 25 local government areas of the state between April till date. Makusidi stated this in Minna, the state capital, at the ongoing workshop by …
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