FG Seeks $15b Loan To Complete Port Harcourt-Maiduguri Rail Project
The Federal Government is negotiating a $15 billion loan to complete the Port Harcourt-Maiduguri rail project.
Minister of Transportation, Rotimi Amaechi, disclosed this yesterday after a closed-door meeting with President Muhammadu Buhari at the Presidential Villa,...
NNPC Plans To Drill Eight Oil Wells In Chad, Gongola Basins
The Nigerian National Petroleum Corporation on Tuesday said it planned to drill four oil wells each in Chad and Gongola Basins.
Speaking on the oil firm’s Chad Basin exploration activities, the Group Managing Director, NNPC,...
NNPC Still Negotiating Financing Terms For Refineries’ Revamp Project - Baru
The Nigerian National Petroleum Corporation (NNPC) is still negotiating the terms of funding for the revamp of its four refineries in Kaduna, Port Harcourt and Warri, with potential financiers, the corporation’s Group Managing Director,...
We Have Enough capacity To Repay N21.7tn Debt Says Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has said that the country has enough capacity to repay its debt obligations, which currently stand at about N21.7tn.
Adeosun stated this in an interview with some journalists in...
N21.73trn Debt: Economist Cautions FG On External Borrowings
An economist, Prof. Sheriffdeen Tella, on Monday described the nation’s debt stock of N21.73 trillion as worrisome and urged the Federal Government to stop external borrowing. Tella, a professor of Economics at Olabisi Onabanjo University, Ago-Iwoye, Ogun,...
Fuel scarcity Gone For Good Says NNPC
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Saturday, assured Nigerians that the era of fuel scarcity is gone for good.
Receiving “Man of the Year” award from Nigeria NewsDirect newspaper, Dr....
