Expect less as debt servicing chops off 50% of Nigeria’s yearly revenue — AfDB
Latest West Africa Economic Outlook 2019, published by the African Development Bank (AfDB), has put up a strong indication revealing that every effort by the Federal Government to improve infrastructural development is cut by half yearly by debt servicing. According…
Nurture the victorious Nigerian students who won laurels at GICT contest—Expert
Technology expert and software wizkid, Mr. Emeka Ifedi, has called on the Federal Government to collaborate with industry entrepreneurs in nurturing the victorious team of Nigerian students that clinched the third place at the finals of the Global Information and…
120 days on, NNPC keeps Nigerians incommunicado on Gongola Basin oil search
After assuring stakeholders of making public, the result of the hydrocarbon exploration after 60 days search, for more than 120 days after, the Nigerian National Petroleum Corporation (NNPC) is yet to inform Nigerians whether there is progress or not on…
CBN mulls unconventional policies to insulate economy from global shocks—Gov
Making his first outing away from Abuja since his swearing in for second term in Lagos, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has hinted of plans in his second term to deploy what he described…
Ecobank excites London S’Exchange over successful $500m Eurobond issuance
Following its successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listing of the Eurobond on…
Presidential meeting with power firms means Fashola failed the sector—Analysts
Commentators on development matters have started analysing the meaning of recent emergency meeting between President Muhammadu Buhari and electricity distribution companies, saying it shows that former Governor of Lagos State, who recently left his cabinet as Minister of Power, Works…
Coca-Cola skips its highest market Nigeria, in setting up PET recycling plants
Leading global beverage group, Coca-Cola Beverages Africa has invested more than $5 million to tackle plastic pollution across the African continent with the establishment of PET recycling industries in Kenya, Mozambique, Namibia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Though…
(Investigative Report) 2 years on, Anambra Cargo Airport missing in radar?
More than two years after the incumbent Governor of Anambra State, Chief Willie Obiano, sealed a $2bn Memorandum of Understanding (MoU) with Chinese investors to signal the effective takeoff of construction activities at site of Umuleri International Cargo Airport (UICA),…
Digital banking rubbishing investments in physical asset by banks—CIBN Report
Strong signal has emerged suggesting that sooner than later, many banks would stop establishment of physical branches for service extension and deepening of branch networks. Revelations from the 2018 annual report of the Chartered Institute of Bankers of Nigeria (CIBN)…
New roadmap for the CBN, economy coming—Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has hinted that in days to come, his new roadmap for the apex bank and the struggling economy will come. Speaking briefly after taking oath for his second…
