Apple Stakes $1bn For Nigerian App     An application developed by a young Nigerian has been bought by Apple for $1 billion, the Minister of Communications and Digital Economy, Dr Isa Pantami said yesterday. Pantami, who did not give details of the deal, however, expressed optimism that...

Senate Approves FG’s Request For $1.5bn, €995m External Loans       The Senate yesterday gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May last...

NNPC Spends N1.53trn On JV Oil Assets, Priority Projects     The Nigerian National Petroleum Corporation spent a total of N1.53tn on oil and gas assets being developed through joint ventures with private firms as well as priority projects in 2020. The NNPC, which represents the Federal Government...

NEITI, ICPC Partner Against Corruption In extractive Industries       The Nigeria Extractive Industries Transparency Initiative and the Independent Corrupt Practices and Other Related Offences Commission have established a joint cooperation arrangement on anti-corruption issues in the extractive industries. Under the joint cooperation arrangement, the ICPC would set...

US Imports Of Nigerian Oil Falls To Five-year Low   The United States slashed its imports of Nigerian crude oil by 64.12 per cent in 2020 to the lowest in five years. The North American country bought 24.42 million barrels of Nigerian crude oil last year, down...

Nigeria Businesses Lose $29bn Yearly To Poor Electricity – W/Bank       The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity...