W’Bank’s GE Prospects report links Nigeria’s debt servicing costs to 3 problems
Contrary to the claims by the federal government through the Debt Management Office (DMO) that rising debt profile is within sustainable limits, newly released Global Economic Prospects (GEP) report has identified three negative factors capable of making Nigeria’s debt unmanageable….
Nigeria to get $121m from Trump’s $639m aid to 4 afflicted countries
More international assistance is on the way from the United States Government as President Donald Trump on Saturday promised $639m in aid to feed people facing starvation because of drought and conflict in Northeast Nigeria, Somalia, South Sudan and Yemen….
Resilient Trump secure key climate, trade concessions at stormy G20
Over the weekend at Hamburg meeting of the G20, the US President, Donald Trump won key concessions on climate and trade from world leaders at the most fractious G20 summit to date, in exchange for preserving the unity of the…
One week after, Customs e-auction portal frustrating, configured to fail—Bidders
Technology is the best strategy to grow modern business and every sector of the economy and society is keying in to technological innovations. However, when technology is hurriedly adopted without the prerequisite foundation and build up, it end up in…
NPA’s inter-agency report seeks drop in number of personnel at ports
An inter-agency and port stakeholders committee on the implementation of presidential Executive Order on port operation and ease of doing business has passed a resolution seeking the massive reduction of staff from all agencies operating the ports. The 27-member committee…
Marine Police, NSC seal understanding in security monitoring, compliance at ports
The Nigerian Police Force, Marine Police Command (MPC) has assured the Nigerian Shippers’ Council (NSC) of support in carrying out some of its statutory obligations at the nation’s ports. The Assistant Inspector General of Police, AIG Pius Imue who made…
Twist in stake ownership of ex-Shell oil block hobbling investor, host communities
Fresh confusion brewing between the new investor in Oil Mining Lease 42, Neconde Energy Ltd and communities in the Gbaramatu district, Delta State over claims by the hosts that before Royal Dutch Shell Plc sold its share to the block…
Ohia, Ndubest Group chairman assures Nigerians on quality transformers, cables
The managing director of Ndubest Investment Limited, leading distributor of transformers and allied electrical parts, Mr. Ndubusi Ohia has assured that his group will continue to offer the nation world class transformers, cables and other electrical accessories. In an interview,…
Egypt to raise electricity tariff up to 42% to meet IMF bailout condition
Egypt has announced electricity tariff increases of up to 42% to meet demands by the International Monetary Fund (IMF) for a $12 billion bailout loan. According to Medhat Fouda, the company’s chairperson, funds will be used toward the replacement of…
Report says solar, wind’ll be cheapest energy options in G-20 nations by 2030
A new study commissioned by Greenpeace, Germany, has averred that renewable energy will be the cheapest form of electricity in every Group of 20 countries by 2030. The study calculated the levelized cost of solar and wind power for G-20…
