AfDB to finance Afe Babalola University expansion programme
The African Development Bank (AfDB) has signed agreements for a corporate loan to finance the expansion of Afe Babalola University (ABUAD) in Ado Ekiti, Nigeria which will consist of construction…
Nigeria, Libya push up OPEC oil supplies, slows price gains
OPEC said on Tuesday a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains…
How FG allocated Paris Club refund: Rivers N34.92bn, Delta N27.6bn, Akwa Ibom N25.98bn, Gombe N8.95bn
Details have emerged on how the Federal Government allocated the first tranche of N516.38bn reimbursement made to the 36 states of the federation and the Federal Capital Territory from the…
Senate steps down action on Road Fund Bill; NUPENG happy
Following public outrage, the Senate on Thursday stepped down deliberation on the National Roads Fund Establishment Bill which would ultimately have added to the rising cost of living in the…
Nigeria plans to raise $1.2 billion for refineries: Kachikwu
Nigeria plans to raise $1.2 billion to upgrade its oil refineries, aiming to end a reliance on oil product imports by 2019, the oil minister said on Thursday. Although Nigeria…
Oil prices edge up after a lull as Shell lifts force majeure to up Nigeria’s supplies
Oil edged up on Thursday, having hit one-month lows the previous day after an unexpected surge in U.S. inventories and the return of more Nigerian crude to an already oversupplied…
6 amazing things your smartphone could do; it can speak any language…
Smartphones are amazingly useful machines. Indeed, they are not just called smart for nothing. That device in your hands could do so much more than you know it is capable…
Osinbajo lauds $3.6bn fertilizer project in Bayelsa, laments failure of NDDC
The Buhari administration is promoting a new way of thinking and engagement that will secure the development of the Niger Delta and the entire country, according to Acting President Yemi…
New leads found in the $20 million Swiss bribery scandal, jitters among Jonathan’s men
The Economic and Financial Crimes Commission (EFCC) is set to open another perspective in the investigation of Nigerians named in the US$ 20 million Swiss bribery scandal. EFCC source told…
Persian Gulf diplomatic row takes a hit at Qatar Air, 52 flights grounded after over-flight ban
Qatar’s state airline is set to become the biggest loser from the diplomatic breakdown in the Persian Gulf — with competitors in Dubai and Abu Dhabi also set to suffer….