Shola Shittu

Bi-Courtney: Nigeria Has $200bn Aviation Infrastructure Deficit

Nigeria’s current infrastructure deficit is estimated to be in excess of $200 billion, Chief Executive Officer, Bi-Courtney Aviation Services Limited, operator of the ultra-modern Murtala Muhammed Airport (MMA2), Capt. Jari Williams, has said. Williams, who quoted the Infrastructure Concession Regulatory...

Nigeria Drops To 6th Top Investment Destination

Nigeria has given in its number five spot to Kenya as it slipped to number six in the list of top 10 investment destinations in Africa. Nigeria had held her current position (6th) in 2011, according to the sixth...

FG Plans to Sell 5% of its NLNG Shares …insists on repurchase option

The Federal Government is planning to sell at least five per cent of its shares in the Nigeria Liquefied Natural Gas company. Impeccable sources in the Presidency told the Punch that the move had become necessary as part of efforts...

Interbank Rate Hits 15% on Funds Disbursement

The interbank lending rate eased to 15 per cent on Friday, down from nearly 40 per cent for overnight lending a week ago, as the disbursement of August budget allocations to Federal Government agencies boosted market liquidity. Overall the market...

CBN, Stop This Nonsense!

In a recent “chat” with members of the Newspaper Proprietors Association of Nigeria, on September 17, 2016, the Central Bank of Nigeria Governor, Godwin Emefiele, spoke extensively on the agency’s efforts to resolve current challenges to best practice monetary...

Boosting Nigeria’s Economy

In 2013, the World Bank stated that economies with a mono product were vulnerable due to the volatility of global oil prices. Nigeria falls in the category of mono-economies having had 46 years of oil dependence with 95 per...
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