Fed Govt To Unveil N65bn Stimulus Package For OPSN   The federal government is set to unveil a N65 billion stimulus package to support the Organised Private Sector in Nigeria (OPSN) in the bid to boost the economy and mitigate the effect of the COVID-19 pandemic. Minister...

US Agency To Double Commitment In Nigeria By $530m   The United States (U.S.) Development Finance Corporation (DFC), has reaffirmed plans to double its commitment in Nigeria with about $530 million. The Corporation, which said it is currently on the active commitment of $530 million, said it...

Oil, Power Firms Owe Banks N5.59trn - CBN   Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed. The N5.59tn represents 30 per cent of the N18.63tn loans advanced to...

Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port     Negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction of the Ibadan Inland Dry Port is nearing completion, the Nigerian Shippers’ Council announced on Sunday. The CRCC is the preferred bidder for the...

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn     Against the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023...

West African Carriers Spend $1bn Annually On Aircraft Maintenance     Airlines in West Africa spend over $1 billion on offshore maintenance of their aircraft, Accountable Manager, 7 Star Global Hangar Limited, Isaac David Balami said at the weekend. He said the cash taken out of the sub-region...