Afreximbank, Firm Sign $2bn Deal For Nigeria’s Floating LNG     UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a Memorandum of Understanding to raise $2bn for the development of Nigeria’s first floating liquefied natural...

Banks Resilient, Record 6.8% Profit Growth In H1, 2021     Nigerian banks recorded 6.8 per cent growth in profit in the first half of 2021 as the sector strived to remain resilient during the COVID-19 pandemic, according to a new report. Afrinvest...

CBN To Give 10,000 Bauchi Farmers N5.7bn For Dry Season Farming     The Central Bank of Nigeria has set aside over N5.7bn to give as loan to 10,000 farmers to encourage dry season wheat farming in Bauchi State. The CBN Comptroller, Bauchi...

PIA Will Enhance Energy Growth In Nigeria, Says Sylva     Minister of State Petroleum Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA) will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at...

IMF Says Crypto Assets May Displace Local Currencies In Developing Countries     The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets. The IMF disclosed this in a report...

Reps To Pass 2022 Appropriation Bill Next Wednesday     The House of Representatives has said the 2022 Appropriation Bill will be passed as scheduled next week Wednesday. The Chairman of the House Committee on Media and Public Affairs, Benjamin Kalu, while briefing...