AfDB’s investments in Nigeria stands at $4.5bn — Official
The bank’s active portfolio in the country comprise 60 operations which include 28 public sector operations.
Zuckerberg adds $4.5 billion to fortune as Facebook shares surge
The technology entrepreneur fortune declined about $20 billion in 2018.
CBN injects $210 million in Inter-Bank Forex Market
The injection of the funds is part of efforts by the bank to sustain liquidity in that segment of the market.
Over 60 million mobile subscribers’ data verified – NCC
It says about 95.7 million subscribers’ SIM registration data undergoing standardised screening, verification.
SON confiscates N300 billion worth of substandard products
Top on the list of seized products were adulterated lubricants, electric cables, and cylinders.
Boeing abandons 2019 outlook after 737 MAX groundings
The 737 Max jets manufactured by the company crashed in Indonesia and Ethiopia killing 346 people altogether.
Nigeria’s debt still low, no removal of fuel subsidy yet – Minister
Mrs Ahmed said Nigeria was still better off when compared to Ghana, Brazil, South Africa, Egypt, Angola and other developing economies of the world.
Fire: Aiteo declares force majure on Nembe Creek trunk line
“Relevant investigations are continuing while further information about the remote and direct causes of the fire will be communicated.”
Nigerian govt to issue N20 billion 30-year bond April 24
The bond will mature in April 2049.
Average Price for Petrol, Kerosene, Cooking Gas Drops; Diesel Increases –NBS
The bureau also listed states with the highest and lowest average price of petrol, in comparison with the approved government price of N145.
NPA Board members decry condition of port access roads
The Board chairman said the management is aware of the challenges caused by the gridlock and assured that the NPA is working in synergy with other government agencies to cushion the pressure.
Over five million Nigerians still unmetered – NERC
NERC says it has directed that roll out of more meters should commence not later than May 1, 2019.
How Nigerian govt will spend $15bn green bond — Minister
The official said Nigeria was the first Sub-Saharan African country to issue a green bond for the financing of solar energy.
ExxonMobil, other oil coys not exiting Nigeria – Kachikwu
He said that it was not possible for a company like ExxonMobil to sell off its assets for the small amount quoted.
Emefiele woos investors, says Nigeria ready for business
The CBN Governor, Godwin Emefiele, on Friday night in Washington DC, held an informal meeting with potential investors.
IMF clarifies report on Nigeria’s Sovereign Wealth Fund
The IMF report had been criticised by some Nigerians.
PenCom targets 30 million informal workers in new scheme
President Muhammadu Buhari on March 28 launched the MPP for self-employed persons in the informal sector.
Fidelity Bank announces appointments of three new executives
The new appointments are, however, subject to the approval of the Central Bank of Nigeria (CBN).
World Bank cuts Sub-Saharan Africa growth forecast to 2.8%
Nigeria, South Africa and Angola, which make up about 60 per cent of sub-Saharan Africa’s annual economic output, were all facing various challenges.
Nigeria’s generated electricity drops to 3,522 megawatts
Electricity released, comprising gas-fired and hydro stations, was down by 657.07 megawatts from the figure released on Saturday.