Sunday, February 23, 2020
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World Bank Approves Six Development Projects For Nigeria In 2020

The World Bank on Tuesday announced the approval of six development projects valued at about $2.1885 billion for execution in Nigeria in 2020. The World Bank said on Wednesday the approved projects are to support Nigeria’s development priorities focused on...

Nigeria Lost $750m To Oil Theft In 2019 — NNPC

The Nigerian National Petroleum Corporation has said the federal government lost about $750m to crude oil theft in 2019. The corporation said the activities of oil thieves and pirates, which has been on the rise, is a threat to its...

FG Shortlists 200 Investors For Gas Flare Sites

The Federal Government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification submitted by interested companies. The Department of Petroleum Resources disclosed this on Monday, saying that 45 gas flare sites would...

Airlines Lose $652 million Over Coronavirus Spread

As the coronavirus outbreak continues to ravage mainland China with spread across the globe, losses of the air transport industry has been estimated to reach $652 million already. The loss, according to OAG Aviation worldwide, was on account of cancelled...

Dangote Group Joins PMI Council

Dangote Group has been inducted into the Global Executive Council of the Project Management Institute, making it the first African business organisation to become a member of the institute. The group in a statement issued on Sunday stated that it...

Ibadan-Kano Rail Line Ready By 2023- Minister

The Federal Government has said the Ibadan-Kano rail line will be ready by 2023. The Minister of Transportation, Rotimi Amaechi, said this in an interview with journalists in Abuja. The minister expressed optimism that the project would be ready before the...

West African Traders Seek End To International Border Closure

West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral and Fisheries Products (WACTAF) have called on the Economic Community of West African States (ECOWAS), to intervene in the...

Tax waiver: Nigeria Loses N1.3 trillion – FIRS

The Federal Inland Revenue Services (FIRS) says Nigeria lost N1.3trillion to granting of tax waivers to companies operating in three sectors of the economy in the last five years. Chairman of FIRS, Muhammad Nami, made the disclosure at an investigative...

Nigeria’s Oil Exports Fall As Explosion Shuts Pipeline

The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a subsidiary of Eni, to close a pipeline feeding the Brass oil export terminal. Reuters reported on Thursday that the explosion...

World Bank: 87% of Poor Nigerians Are In The North

The World Bank has estimated that 87% of all the poor people in Nigeria are in the north. In a report titled, ‘Advancing social protection in a dynamic Nigeria’, the Bretton Wood institution said the south-south zone recorded the most...

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FEC Approves $195m For Maritime Security

  The Federal Executive Council has approved a whooping $195m  contract for the security of Nigeria’s  territorial waters, the Minister of Transportation, Rotimi Amaechi, has...

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