The Federal Government and the Afreximbank Wednesday signed a Memorandum of Understanding (MoU) for the infusion $1 billion for the development of the healthcare value chain in Nigeria. Also the African Finance Corporation (AFC) and the promoters of the world class hospital project-African Medical Centre for Excellence (AMCE) being constructed in Abuja, sealed an investment […]
Continue Reading
Foreign investment flows into Nigeria plummeted by 80 percent to $3.9 billion in 2023 from the $5.3 billion recorded in 2022. This is according to the analysis of the report on Capital Importation into Nigeria, released by the National Bureau of Statistics (NBS). The NBS report reveals that Nigeria attracted $1.1 billion in the first […]
Continue Reading
The country has been under assault by bandits, kidnappers, and other nefarious characters that daily launch violent attacks on citizens, many of whom are kidnapped, killed, or maimed. A BILL seeking the amendment of the 1999 Constitution to allow governors to appoint state commissioners of police scaled second reading on the floor […]
Continue Reading
The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave the warning in its macroeconomic performance and outlook for 2024 wherein it projected the continent’s economy to grow higher than the 3.2 per cent recorded in […]
Continue Reading
THE Organization Of Petroleum Exporting Countries (OPEC) has revealed that the oil exports in Nigeria grew significantly by 60.8% in the third quarter of 2023. “Throughout 3Q23, exports witnessed a remarkable 60.8% increase, and imports soared by 47.7%, culminating in a trade surplus of NGN1,888.92 billion in that period,” its Monthly Oil Report released […]
Continue Reading
The special investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria (CBN), related entities and other key government business entities has placed a senior official of the apex bank, Odoh Eric Ocheme, on the watch list of International Police Organisation (INTERPOL). In a letter to the Nigeria Police, dated February 12 […]
Continue Reading
In a bid to address violence in the Niger Delta region, the European Union has rolled out plans to invest in 60 communities in three Niger Delta states. The Country Director, Search for Common Ground, Fatima Abubakar stated this at the official launch of the European Union-funded project titled: ‘A Community-Centered Approach to Transforming Criminality […]
Continue Reading
Herbert Wigwe, the immediate past Managing Director of Access Bank and current Chief Executive Officer of Access Holdings, is dead. Wigwe was reportedly on board a chopper with his wife, son and three other passengers when the unfortunate incident happened at California. They were reportedly heading for Las Vegas to watch Super Bowl, the annual […]
Continue Reading
There have been numerous protests in Nigeria as food crises and inflation heat deeper amidst currency devaluation. On Thursday, Muslim and Christian leaders called on authorities to provide food to people at the grassroots because survival is increasingly becoming difficult. The rising cost of living, occasioned by food inflation, has continued to bedevil Nigerians, with […]
Continue Reading
The World Bank says it will step up financial support to Nigeria in priority needs areas of the economy. The World Bank Managing Director of Operations, Anna Bjerde , made this known on Thursday after a courtesy visit on President Bola Ahmed Tinubu at the State House, Abuja. Bjerde said the Bank would continue […]
Continue Reading