UgamatvNigeria’s major airports not designed for international operations –FG
The four major airports in Nigeria located in Lagos, Abuja, Port Harcourt and Kano were not designed as international facilities, the Federal Government said on Tuesday. Minister of Aviation, Hadi…
Nigeria, Vietnam to benefit from agricultural, tech collaborations – Osinbajo
ice President, Yemi Osinbajo, says Nigeria and Vietnam will benefit from the opportunities existing in agriculture and technology with effective collaboration in these sectors. Osinbajo’s spokesman, Laolu Akande, in a…
AdminWorld Bank lists Nigeria, nine others high-debt risk nations
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development…
Dangote ranked 117th in latest global billionaires index
The President of Dangote Group, Aliko Dangote, has been ranked 117th in the latest Bloomberg Billionaires Index. The index is a daily ranking of the world’s richest people. Details about…
Shakeup in NNPC, senior management staff redeployed, COO sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to fill vacant positions, as well as the disengagement of a chief operating officer. Group…
Nigeria, others suffer 69% air passenger revenue drop –Report
The global total industry passenger revenues fell by 69 per cent to $189bn in 2020, with accumulated net losses of $126.4bn, according to the latest data from the International Air…
PIB: FG to engage oil-producing communities, says Sylva
The Federal Government says it will, again, engage Niger Delta oil-producing host communities on the three per cent operational costs allocated to them in the recently passed Petroleum Industry Bill.…
NLC demands electricity tariff reduction agreement implementation by December
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour. The congress cautioned that it would not…
Tochukwu Chukwu
- Business , News
- August 2, 2021
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Petrol subsidy may gulp N2tn this year –Rainoil boss
Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, has said. Ogbechie said this…
- Business , News
- August 2, 2021
- 257 views
Nigeria’s loans from World Bank, AfDB rise to $14.35bn under Buhari
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management…
