$9.6bn Judgment Debt: FG denies alleged non-diligent defence of case
The Federal Government on Thursday denied the allegation that it did not diligently defend the case leading to the award of $9.6 billion judgment debt against it over a botched…
TICAD: PM Abe says Japan will drive Africa investment with enhanced trade insurance
Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in…
Ekeh, Zinox boss, fights poverty in Imo State with N1.5bn Fund
Chairman, Zinox Group, Leo Stan Ekeh has declared a three-year interest free loan of N1b to petty traders and small and medium businesses in Imo State. Ekeh, a native of…
CBN adds milk to FX restriction list, stops credit payments for milk imports
The Central Bank of Nigeria has told lenders to stop processing milk imports on a credit basis, bankers said on Tuesday, after the bank last month said it would ban…
$9.6bn judgment debt: No cause for alarm, says FG; set for appeal
The Federal Government has assured Nigerians that there is no imminent threat to Nigeria’s assets in spite of the recent award of 9.6 billion dollars judgment debt by a UK…
Minimum Wage: NLC blasts FG, insists new wage should take effect from April this year
The National Executive Council (NEC) of NLC has rejected the delay by the Federal Government to commence implementation of the New National minimum wage. NLC President, Dr Ayuba Wabba, and…
9Mobile breathes again, gets $230 million loan from AFC
The Africa Finance Corporation has approved a $230 million loan for Nigerian telecom company 9mobile, the firm said on Sunday. The money will be used to honour existing debts, finance…
We supplied 58.65m litres of petrol daily in June – NNPC
The Nigerian National Petroleum Corporation (NNPC) said that 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol was supplied in June. The corporation disclosed this in its Monthly…
OML 11 controversy: Court orders FG to renew Shell licence
The Federal High Court, Abuja, on Friday, ordered the Federal Government to renew the operating licence of the Shell Petroleum Development Company (SPDC). Justice Taiwo Taiwo, who delivered the judgment,…
Telecoms infrastructure vandalisation affecting service – NCC
The Nigerian Communications Commission (NCC) says the spate of vandalisation of telecoms infrastructure across the country has resulted in slowing the pace of growth of services. The Director, Zonal Operations,…