ECOWAS Finance Ministers, Central Bank Governors Convene to Mull Over Single Currency
Finance Ministers and Central Bank Governors from across the Economic Community of West African States (ECOWAS) convened in Abuja to tackle the possibility of launching the single currency, the ECO.
This initiative, envisioned to...
Nigeria to Host $5bn African Energy Bank
Nigeria has been granted the hosting right for the $5bn African Energy Bank after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding.
The Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, told...
Rural Electrification: FG Signs 1,265MW Renewable Energy Agreement
The Rural Electrification Agency (REA) has signed a Memorandum of Understanding with five private developers to deliver 1,265 MW of renewable energy projects across Nigeria.
The deal, signed on July 4, 2024, aims to electrify rural and peri-urban...
Tinubu Unveils N2trn Economic Revival Plan, Inaugurates PECC
President Bola Ahmed Tinubu has presented a N2 trillion stabilization and advancement plan to the Presidential Economic Coordination Council (PECC).
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this to State House...
CNG: NNPC to Build Three LNG Stations, 100 Sites Nationwide
The Nigerian National Petroleum Company (NNPC), says the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has commenced and is irreversible.
Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd, said in addition to...
Dangote Flays CBN’s 30% Interest Rate
Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN).
While addressing the audience during the opening session of a...
