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NNPC Signs $1.04 Billion Facility Loan With AFREXIM

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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IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs

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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OYRTMA Issues Traffic Advisory, As Burnt PMS-Laden Tanker Causes Traffic Snarl in Ibadan

Following an explosion of a PMS-laden tanker along the Agodi area in Ibadan, the Oyo State Road Transport Management Authority, OYRTMA, has advised road users to use alternative routes, while its men and other relevant agencies strive to return normalcy to the route. A statement signed by the Agency’s Chairman, …

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Henkel berths Forscherwelt in Nigeria, commits to fostering future science talents

In its global quest to see to the development of science and research, Henkel has launched its global educational initiative Forscherwelt, in Nigeria – making this a first for the African continent. The launch, which was held at The People’s Primary School in Ibadan, further reiterates the company’s commitment to …

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