BREAKING: Tinubu Directs Settlement Of Gas, GenCos Debts
May 16, 2024Six-year-old Boy Dies After Falling From 15th Floor Of London Tower Block
May 16, 2024
Thursday, May 16, 2024
Economy
1 Minute
BREAKING: Tinubu Directs Settlement Of Gas, GenCos Debts
President Bola Ahmed Tinubu has directed the Ministry of Finance to settle the debt owed in respect of gas supplied to the power sector. He has also given directive for the payment of the...
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3 Minutes
CBN’ll Retain High Interest Rates To Tame Inflation — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the apex bank will keep interest rates high until inflation subsides by implementing orthodox policies.Inflation in Nigeria remains stubbornly high...
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3 Minutes
FG May Need Supplementary Budget To Pay Minimum Wage – IMF
The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in the original 2024...
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2 Minutes
Pressure Mounts On Debtors To Repay N450b Fed Govt Loans
The NIRSAL Microfinance Bank (NIRSAL-MFB) has teamed up with the Nigerian Financial Intelligence Unit (NFIU)  to recover N450.9 billion outstanding loans issued to farmers through the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme...
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3 Minutes
FG To Receive $2.25bn World Bank Loan June 13
The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received via two major development...
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2 Minutes
Cheaper CNG Buses To Slash Transportation Costs, Curb Inflation – Edun
The Federal Government has said the introduction of Compressed Natural Gas (CNG) buses under the Presidential CNG Initiative (PCNGi) will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance...
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4 Minutes
FG Begins Disbursement Of N50b Grants To Small Firms
Beneficiaries of the Federal Government’s N50,000 grant for nano business owners have started receiving credit alerts. Minister for Industry, Trade and Investment Dr Doris Uzoka-Anite, who confirmed this at the weekend, said no fewer...
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3 Minutes
Tinubu Sets To Commission Three Critical Gas Projects To Boost Economic Growth
In a significant move to leverage gas for economic growth, President Bola Tinubu is expected to commission three critical gas infrastructure projects soon. According to a statement issued on Friday, May 3, by special...
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1 Minute
Shell Announces Gas Pipeline Construction Project In Oyo
Shell Nigeria Gas (SNG) and the government of Oyo State have inked a pact to construct a gas supply and distribution infrastructure aimed at servicing industrial and commercial entities within the state. This endeavor,...
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3 Minutes
Tinubu Secures Maersk’s $600mn Investment For Nigeria’s Ports Infrastructure
President Bola Tinubu has secured an additional $600 million foreign investment for the expansion of the nation’s ports infrastructure to accommodate more container shipping services in Nigeria’s ports. The new $600 million investment, which...
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