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FG unveils name, livery for National Carrier

Mixed reactions on Wednesday trailed the unveiling of the name and logo of the proposed new national carrier by the Minister of State for Aviation, Hadi Sirika. The News Agency of Nigeria (NAN) reports that Mr Sirika had unveiled the name of the new carrier as “Nigeria Air’’ with a …

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Dangote Retains Position As Africa’s Richest Man

The President of Dangote Group, Alhaji Aliko Dangote has retained his position as the Africa’s richest man with a $12.4 billion networth. Also, listed by Forbes is the Chairman of Conoil and Globacom, Chief Mike Adenuga, whose networth is $4.4 billion. These figures were released on Forbes website yesterday. The …

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Buhari Seeks ICC Intervention in Repatriation of Stolen Assets

President Muhammadu Buhari has solicited the intervention of the International Criminal Court, ICC, to press it upon member countries not to obstruct the repatriation of illicit funds warehoused in their countries. President Buhari who made the appeal on Tuesday while delivering a keynote address at the solemn hearing to commemorate …

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How Nigeria, others shared Afreximbank’s $65b syndications

After 25 years of operations that kicked off in Abuja, the African Export-Import Bank (Afreximbank) said it has mobilised no fewer than $65 billion worth of loan syndications for trade financing and the development of the continent’s economies. Nigeria, as a major stakeholder and contributor to the pan-African largest multilateral …

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China’s investment in Nigeria’s oil sector to hit $17 billion

China National Offshore Oil Corporation (CNOOC) will increase its venture in the Nigerian oil and gas sector, especially its offshore investments, to about $17 billion.Chief Executive Officer (CEO) of the Beijing-based Corporation, Yuan Guangyu, disclosed this during a visit to the Nigerian National Petroleum Corporation (NNPC) in Abuja at the …

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Dangote gets $650m Afreximbank loan for Lekki refinery

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank …

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Nigeria’s economic recovery still challenging – IMF

The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term. IMF in a statement issued in Washington on Friday by Lucie Fouda, the Fund’s Press Officer, said higher oil prices and portfolio flows had …

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FIRS makes N2.5trn in six months

The Federal Inland Revenue Services (FIRS) said it realised over N2.5 trillion from collecting various taxes from January to June 2018. This is contained in the revenue performance report for the first half of the year, submitted by the service, to the Ministry of Finance. The report was made available …

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Dangote, Africa’s Richest Man, Needs a Wife But…

Aliko Dangote has revealed that at 61, he is not getting any younger and is willing to take a new wife. Speaking with David Piling in a Financial Times interview, “Lunch with FT,” monitored by The Cable, the multi-billionaire, who is Africa’s richest man, revealed a soft side of himself …

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No more comment on Adeosun’s NYSC certificate, says FG

The Federal Government yesterday shrugged off media inquiry on the controversy trailing the National Youth Service Corps (NYSC) exemption certificate of Minister of Finance, Mrs. Kemi Adeosun. It said the information already provided by the NYSC officials on the matter should suffice. An online newspaper reported recently that the minister …

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