53 Local Oil Firms Get N124bn NCDMB Loans For Development
At least 53 local oil service firms have accessed the $300 million Nigerian Content Development Fund (NCDF) between 2018 and this year, the Nigerian Content Development Management Board (NCDMB), has said.
The general manager of the...
Senate Approves Buhari’s Request On Fresh $5.8bn Borrowing
The Senate, on Wednesday, approved the request by President Muhammadu Buhari for loans totalling $5,803,364,553.50 and a grant component of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government.
The approval followed the consideration and...
Fed Govt Debt Servicing Gulps N2.49trn In Nine Months – DMO
Nigeria spent N2.49tn on debt servicing payments in the first nine months of 2021, data obtained from the Debt Management Office have shown.
Between January and March 2021, Nigeria spent N612.71bn on domestic debt servicing,...
Inflation: Prices Continue To Soar Despite Drop In Nov
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according to the National Bureau of Statistics.
The NBS, in its Consumer Price Index report on Wednesday, said...
Reps Order Probe Of Navy’s $195.3m Equipment Contract To Foreign Firm
The House of Representatives has mandated its Committee on Navy to investigate whether the Deep Blue contract agreement is in line with extant laws and regulations, and the standards of all platforms purchased for...
W/Bank Announces $93bn Package For Nigeria, 73 Others
The World Bank announced on Wednesday a $93bn replenishment package of the International Development Association to help 74 low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.
The Bretton Woods institution...
