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Controversy trails $500m ChinaExim loan

Worried by the slow pace of work at the Lagos, Abuja, Kano and Port Harcourt airports, some concerned stakeholders in the Nigerian aviation industry are demanding an audit of the utilisation of the $500milion loan secured from the ChineseExim Bank for the four airports. The...

Missing 4,501 Fuel Trucks To Finance Buhari’s Re-election — PDP

Missing 4,501 Fuel Trucks To Finance Buhari’s Re-election — PDP The Peoples Democratic Party, PDP, has alleged that the missing 4,501 trucks of petroleum products, disclosed by Managing Director, Nigeria National Petroleum Cooperation, NNPC, Dr. Mikanti Baru, was geared towards financing the re-election of President...

FirstBank Unveils N15bn Facility, Educational Solutions For Schools

FirstBank Unveils N15bn Facility, Educational Solutions For Schools FIRSTBank of Nigeria Limited has unveiled an array of products and solutions including a N15 billion loan facility for schools to enhance preparation for the commencement of another school term this week. Disclosing this in a statement, the...

FG Team Repatriates 481 From Libya

FG Team Repatriates 481 From Libya Following presidential directive, a Federal Government delegation has repatriated 481 stranded Nigerians from Libya. The evacuation of more than 4, 511 others is expected to follow immediately. All the returnees will be temporarily camped at a Reception Centre in Port Harcourt...

Petrol pump price may no longer be sustainable – Kachikwu

Minister of State for Petroleum, Dr Ibe Kachikwu, has denied news reports that the Federal Government was planning to jack up the pump price of petrol, at present fixed at N145 per litre. Idang Alibi, the Director of Press in the ministry in a statement...

Rivers, Shell sign MoU on gas supply

Rivers, Shell sign MoU on gas supply The Rivers Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs. The signing of the MoU was announced in...