N250bn Gas Expansion Fund Dormant for Four Years, Says NGEP Chair
The Chairman of National Gas Expansion Programme (NGEP), Dr. Mohammed Ibrahim, disclosed that the N250bn National Gas Expansion Programme (NGEP) fund has remained dormant in the Central Bank of Nigeria (CBN) in the last...
Cost of Governance: Tinubu Bars Officials Without Roles from UNGA
President Bola Tinubu has directed the ministry of foreign Affairs to freeze the processing of visas for government officials who have no business at the United Nations General Assembly (UNGA) in New York.
A statement signed...
Oil Production Falls 14.69% to 1.22 mb/d in H2,2023 — NBS
The Nigerian Bureau of Statistics (NBS), said Nigeria’s average oil production dropped by 14.69 per cent year-on-year, YoY to 1.22 million barrels per day, mb/d in the second quarter of 2023.
The NBS revealed this...
We Met a Very Bad Economy - Wale Edun
The Federal Government, on Monday, said it inherited a bad economy with an unacceptable high rate of unemployment.
The government also assured Nigerians that the administration of President Bola Tinubu will not rely on borrowing and that...
Saudi's Wealth Fund Unit Sets to Acquire $3.6bn Jet Leasing Arm
By Zekeri Idakwo
Global banking giant, Standard Chartered, has revealed on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to...
Cameroon Dam: Flood to Hit States in Seven Days, Tinubu Directs Agencies
The Federal Government says all the frontline states on the path of River Benue may experience flooding within the next seven days as result of the opening of Lagdo Dam in Cameroon.
Speaking at...
