The Nigerian National Petroleum Corporation (NNPC) has signed a $1.04 billion facility loan deal with the African Export-Import Bank (Afrexim) for petroleum exploration in the country. The transaction comprises a Pre-Export/Shipment Finance Facility underpinned by a Forward Sale Agreement (FSA) and Offtake Contracts from the Nigerian National Petroleum Corporation acting …
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DONATION OF NGN 250,000,000.00 TO ORPHANAGES ACROSS NIGERIA I wish to express my sincere gratitude to my friends, colleagues, fans, and the public for the generous expressions of love in recent days. In my usual playful manner, I requested a few days ago that my friends and colleagues send money …
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The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to completely remove fuel and electricity subsidies early next year. The Washington-based organisation, in its preliminary findings at the end of its official staff visit to the country under the Artile IV Mission, also called for reforms …
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Two Weeks After It Blew, an Oil Well in Nigeria Is Still Spewing An oil and gas well in southern Nigeria is still spewing its contents at least 14 days after it first blew, causing growing anxiety among the local communities that rely on the surrounding land and waterways. The world’s …
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Africa’s largest economy Nigeria grew at an impressive 4.03 percent rate year-on-year in the third quarter (Q3) of 2021 after posting 5.01 percent in the second quarter, according to the latest data published by the National Bureau of Statistics (NBS) on Friday. Despite the high inflation rate and a series …
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The federal government has received 7,315 applications for its 5,000 housing units built under the National Housing Programme one week after the launch. The Minister of Works and Housing, Babatunde Fashola, disclosed this on Thursday while briefing members of the Senate Committee on Housing on the programme. Portal for the …
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The richest man in Africa, Aliko Dangote, has expressed how pathetic it was for him to watch his brother die, while on life support machine. “It is a very tough time for us; its been very trying, especially for myself. “Having a brother like him; once you lose him it …
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23 new cases of #COVID19Nigeria; Plateau-9 FCT-6 Bauchi-3 Sokoto-3 Kaduna-1 Kano-1 213,487 confirmed 206,301 discharged 2,973 deaths States with zero cases reported (4): Bayelsa, Delta, Katsina, and Rivers
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Oyo State Governor, Seyi Makinde, yesterday, handed over 3 new buses to Shooting Stars Sports Club, Ibadan and Crown Football Club, Ogbomosho. Earlier today, we handed over buses to our football clubs; Shooting Stars Sports Club, Ibadan and Crown Football Club, Ogbomosho. Our administration will continue to provide the necessary …
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Workers of the Nigerian Railway Corporation on Thursday started a three-day warning strike against what they described as low salary payment and poor welfare. The workers, who protested at the train stations in Lagos, Oyo and Abuja, accused the Minister of Transportation, Rotimi Amaechi, of handling their matter with levity. …
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