FG Anticipates N6tn Domestic Loan to Address Budget Shortfall – Report Nigeria is projected to depend heavily on N6tn in domestic borrowing to address budget shortfalls. According to a recent report by Afrinvest, titled ‘Bank Recapitalisation: Catalyst for a $1tn Economy’, the government is anticipated to...

Nigeria to Embark on $1bn Iron Ore-to-Steel Project in Kogi Sinomach-He, a Chinese firm, and Chart and Capstone Integrated Limited, a Nigerian company, have signed a memorandum of understanding (MoU) on the proposed $1 billion (N1.6 trillion) iron ore-to-steel project planned in Kogi. According to a...

Marketers Plan Petrol Import as NNPCL, Dangote’s Talks Drag Oil marketers may begin the importation of Premium Motor Spirit, popularly called petrol, following the recent declaration by the Nigerian National Petroleum Company Limited that it would only fully offtake the product from the Dangote Petroleum...

FG, Chinese Firm Partner to Improve Power, Water Supply in FCT The federal government has signed a memorandum of understanding (MoU) with two Chinese corporations to improve electricity and water supply in Abuja. Nyesom Wike, the FCT minister, announced the deal in a statement on Sunday. Wike...

Dangote Petrol to Flood Market Sept 15 – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has said Premium Motor Spirit or petrol from the Dangote Refinery will begin to flood the market from September 15, 2024. The company who revealed this in a statement signed...

Lagos Partners Chinese Firm to Construct Green Line Rail The Lagos government has signed a memorandum of understanding (MoU) with the ministry of finance incorporated (MOFI) and China Harbour Engineering Company (CHEC) to construct the green line rail in the state. In an announcement on Thursday,...