Business
Nigeria’s Q1 2020 investments stand at $4.81bn -NIPC
May 3, 2020
Nigeria’s Q1 2020 investments stand at $4.81bn -NIPC
The Nigerian Investment Promotion Commission (NIPC) in its investment announcements for the first quarter of 2020, reports that $4.81billion were…
Fraud: AfDB debars Sinotec Company Limited for 36 months
April 30, 2020
Fraud: AfDB debars Sinotec Company Limited for 36 months
The African Development Bank Group has announced the debarment of Sinotec Company Limited, an energy solutions company registered in China.…
Intra-African Trade Fair 2020 Postponed due to COVID-19
April 30, 2020
Intra-African Trade Fair 2020 Postponed due to COVID-19
In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda…
CBN announces resumption of Dollar Sales for SMEs, School Fees
April 29, 2020
CBN announces resumption of Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to…
TCN, AEDC Faces NERC Thursday Over Faulty Networks, Blame Game
April 29, 2020
TCN, AEDC Faces NERC Thursday Over Faulty Networks, Blame Game
The Transmission Company of Nigeria (TCN), and the Abuja Electricity Distribution Company (AEDC) will face a probe panel at the…
National power grid collapses midnight *We’ve restored grid except… – TCN
April 29, 2020
National power grid collapses midnight *We’ve restored grid except… – TCN
The national electricity grid system collapsed on Wednesday morning at 1:21am leaving power generation to begin at 2,983 megawatts (MW)…
Why FG converted N850bn External Borrowing to Domestic…DMO
April 28, 2020
Why FG converted N850bn External Borrowing to Domestic…DMO
The Debt Management Office (DMO) has explained why the Federal Government reappraised its plans to convert N850bn External borrowing to…
Afreximbank announces $3m COVID-19 Response Grant for African Countries
April 23, 2020
Afreximbank announces $3m COVID-19 Response Grant for African Countries
The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank…
Why free electricity to Nigerians may hit the rocks …as FG may spend N110bn
April 23, 2020
Why free electricity to Nigerians may hit the rocks …as FG may spend N110bn
As the plan on providing free electricity to Nigerians for two months intensifies, there are concerns that the targeted vulnerable…
April 2020 FGN Bond Auction oversubscribed -DMO
April 23, 2020
April 2020 FGN Bond Auction oversubscribed -DMO
The Debt Management Office (DMO) said, it conducted the FGN Bond Auction for April 2020 on Wednesday, April 22, 2020…