NNPC shops for $16bn to execute projects, expand operation
The Nigerian National Petroleum Corporation (NNPC), has disclosed that it would be shopping for about 16.5 billion dollars to execute several oil and gas projects. The Group Managing Director of…
Senate indicts suspended SGF, reveals how he got over N500m in kickbacks
The final report of the Senate ad-hoc Committee on Mounting Humanitarian Crisis in the North East has revealed that contractors paid over N500m in kickbacks to a company linked to…
Stop exploiting Buhari’s health, Northern Group warns Tinubu, Yoruba leaders
The Northern Patriotic Assembly (NPA) has warned political leaders from the south western part of the country against exploiting President Muhammadu Buhari’s health. The group particularly cautioned the national leader…
Ecobank to sack staff, expand online services
Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday. Speaking to Reuters on the sidelines…
Nigeria’s foreign debt tops $11bn; Lagos leads among debtor states
The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 11.41 billion dollars while its domestic debt was N14.02 trillion in 2016. The NBS stated in “Nigerian Domestic…
WhatsApp comes alive after global shutdown
WhatsApp, a popular messaging service owned by Facebook Inc, suffered a widespread global outage on Wednesday that lasted for several hours before being resolved, the company said. “Earlier today, WhatsApp…
Nigeria, South Africa, three others top Africa foreign investments hubs – Report
The EY.com, a global leader in assurance, tax, transaction and advisory services, says Egypt, Kenya, Morocco, Nigeria and South Africa are the key hub economies in Africa. Its latest Africa…
Oke-Babacir: Osinbajo panel concludes investigation, to submit report on Monday
The three-man Presidential Investigative Committee set up by President Muhammadu Buhari under the chairmanship of Vice President Yemi Osinbajo, SAN, to inquire into the Discovery of Foreign and Local Currencies…
Ministerial nominee wants action on new minimum wage
Prof. Stephen Ocheni, a ministerial nominee who was confirmed Wednesday has called on the Federal Government and the Nigeria Labour Congress (NLC) to quickly resume talks on a new minimum…
Nigeria, five other African countries get $1.1bn climate change fund
The African Development Bank (AfDB) has approved the sum of $1.1 billion for five African countries, including Nigeria, to fight climate change. The other countries are South Sudan, Kenya, Ethiopia…