IMF Rates Nigeria’s GDP As Best In Africa
Using the Gross Domestic Product (GDP) as yardstick, the International Monetary Fund (IMF) has rated Nigeria as the best economy in Africa.
In its 2020 World Economic Outlook, the IMF also ranked Nigeria as one of the world’s...
$2.6bn AKK Pipeline 10% Completed - Contractor
About 100 per cent local content is currently deployed for the construction of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the contractor handling the project, Oilserv Limited, has said.
The Managing Director, Oilserv, Emeka Okwuosa, also told journalists during a...
Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually
The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that the bilateral trade between Nigeria and South Africa is worth $8.6 billion.
Ahmed said the mutual benefit of the trade relation was bound to yield...
BUA, Chinese Firm To Build $1.05bn Cement Plants
BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum, a project valued at $1.05bn.
A statement by the company on Tuesday...
Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s crude oil exports.
Sales of electric cars topped 2.1 million globally in 2019,...
We Passed 2021 Budget In Good Time, Says Gbajabiamila
Speaker of the House of Representatives, Femi Gbajabiamila on Monday, said that the parliament passed the 2021 budget in good time to ensure the country maintains the January to December budget cycle started last year.
Speaker’s submission...
