AfDB Invest $4bn In Nigeria

President of the African Development Bank (AfDB), Dr Akinwunmi Adesina has revealed that the bank has invested about $4bn in Nigeria. He made the assertion during a visit to the state house in Abuja on Tuesday, 24th April 2019.
“We have 60 operations in Nigeria for a total of $4.5bn and about $2.8bn of that is in the private sector in the banking industry, financial sector, in particular about $1.7bn in the public sector.

Oil Price Appreciates as US Ends all Waivers on Iran Sanction

Emerging developments on Tuesday, 23 April 2019 has it that, the global oil market will continue to record an upward shift in the price of the product in the subsequent months of the year 2019. This was glaring on Tuesday, 23 April 2019 after Washington announced that all Iran sanction waivers would end up by the month of May 2019 hence, pressuring importers to stop buying from Tehran. 

DPR: Seals Filling Stations Selling Above N145

The Department of Petroleum Resources (DPR), Northwest zonal says it has sealed 14 fuel service stations in Sokoto and Kebbi states for selling above the federal government approved price.Mr. Muhammad Makera, the Zonal Operations Controller of DPR in charge of Sokoto and Kebbi states disclosed on Saturday in Sokoto that the sanctions were meted between Wednesday and Thursday, April 10 and 11th respectively.

IGR: Ondo State Records Highest Performance

Reports from the 2017/2018 Comparative Internally Generated Revenue (IGR) performance and percentage growth have revealed that Ondo State is the highest performing state in terms of IGR.

FG Plans Gradual Removal Of Fuel Subsidy

Report emerging from the ongoing IMF/World Bank meetings at Washington DC, United States of America has it that, Federal Government of Nigeria (FGN) is looking into possible removal of fuel subsidy in Premium Motor Spirit (PMS) to address economic challenges and infrastructural deficit in the country.

BoA: FG Set To Finalise Recapitalisation

The Federal Government disclosed that it will be finalizing the recapitalization of the Bank of Agriculture (BoA) in 90 days. This will be done in partnership with the Bureau of Public Enterprise (BPE).

Nigeria Growth Projection In Upward Trajectory - IMF

Global monetary agency, the International Monetary Fund (IMF) has revealed that Nigeria’s economy will expand faster than its earlier projection. In a World Economic Outlook report released on Tuesday at the ongoing spring meetings of the IMF and World Bank Group, the agency opined that the nation's economy will grow by 2.1% in 2019.

10m Nigerians To Benefit From FG's Intervention Scheme - Osinbajo

The Federal Government has revealed that it Social Intervention programme is just about to get to the next level. This is as Vice President Yemi Osinbajo revealed that about 10 million Nigerians are going to benefit from the Tradermoni and the N-power scheme of the government.

FG Discovered High Quality Platinum Mineral In Niger State

According to the Federal Government of Nigeria (FGN), it has discovered high quality of platinum group elements in a village in Niger. This was made known on Monday, 8th April 2019 by Alhaji Abubakar Bwari, the Minister of State, Mines and Steel Development at the groundbreaking ceremony of AG Vision Mining Site in Suleja Local Government Area of the state.

NOSDRA Begins Monitoring Of Oil Spill, Gas Flare

The Federal Government on Monday announced that it has commenced tracking and monitoring of oil spillage and gas flaring in the Niger Delta region. Mr. Idris Musa, Director-General of the Nigerian Oil Spill Detection and Response Agency (NOSDRA) made the announcement during the receiving and launch ceremony of the platforms in Abuja.

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