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Editors Pick

80% of 3,600 Nigerian Women Enter Italy for Prostitution — UN

The United Nations’ International Organization for Migration (IOM) has said that about 3,600 Nigerian women arrived Italy by boat in the first half of 2016, almost double the figure in the same period last year. More than 80% of these women, it said, were trafficked...

Molai Power Station to be Ready Soon, Fashola Says

The Minister of Power, Works and Housing, Babatunde Fashola (SAN)  in Maiduguri has assured that the 330MWA sub-line power project in Molai will be completed before the end this year. The minister spoke at the opening of 8th monthly meeting of participants in power sectors...

Explosives: Govt Appoints Mines Officers for States, Zones

Following the announcement of the of diversion of explosives to militants operating in the Niger Delta region, the Federal Government has named about 43 mines officers to be deployed in the 36 states of the federation and the Federal Capital Territory. Some of those to...

Ghana Beats Nigeria, Passes Petroleum Bill

As Nigeria continues to dither over the Petroleum Industry Bill, which has suffered setbacks in two consecutive legislative tenures, Ghana has passed its own petroleum bill into law in a bid to lure investments. Ghana’s legislature passed the Petroleum Production and Exploration Bill into law...

FG Seeks Managers, Adviser for $1bn Eurobonds Borrowing

The Federal Government is set to borrow $1bn from the international capital market to fund its expansionary budget and stimulate economic growth as inflation, slow growth and other challenges continue to hit the economy. Consequently, the Debt Management Office is seeking two lead managers and...

Revenue Shortfall: FG Borrows N600bn in Six Months

The Federal Government borrowed a total of N600bn between January and June this year to augment the shortfall in revenue caused by various challenges affecting oil and non-oil receipts. The amount, which was borrowed from the domestic market, was contained in a presentation made by...