Nigeria secure $486 world bank loan

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines.

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines. Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network. The World […]

How i would have addressed Obasanjo’s letter If i were Buhari

How i would have addressed Obasanjo’s letter If i were Buhari

By Adolf Ransom Pepple For some days now, the Nigerian space has been dominated by only one issue: The epistle written to President Muhammadu Buhari by former President Olusegun Obasanjo, and the reply to the letter, on behalf of President Buhari aptly written by the Minister of Information, Mr. Lai Muhammed. Subsequently, as expected, reactions, both […]

Rabid Ethnicity As Factor Holding Down Nigeria

Rabid Ethnicity As Factor Holding Down Nigeria

Without a doubt, fervent ethnicity is one of the greatest bulwarks holding down the growth and progress of the country and in this mad inclination to the idol of ethnicity, all Nigerians are guilty. This single problem has so divided and calibrated Nigerians that every issue is looked at from the prism of ethnicity, judgment […]

PDP Will Not Disappoint You, Atiku Tells Nigerians

PDP Will Not Disappoint You, Atiku Tells Nigerians

“Unlike the fraudulent All Progressives Congress (APC), which promised Nigerians heaven on earth, the Peoples Democratic Party (PDP) is the only party that will transform the country and take its economy back to its prosperity.” Former Vice President, Alhaji Atiku Abubakar expressed this in Kaduna at the weekend, when one of his supporters, Miss Zainab […]

Nigeria, US sign MoU on trade and investment

Nigeria, US sign MoU on trade and investment

The United States Department of Commerce and Nigeria’s Ministry of Industry Trade and Investment (MITI) signed a Memorandum of Understanding to officially open a new bilateral policy instrument focused on trade and investment between the two countries. The MoU which was signed yesterday us designed to diverse, increase, and sustain trade and investment between Nigeria […]

Oil import from Nigeria plunges as India launches first electric car charging station

Oil import from Nigeria plunges as India launches first electric car charging station

The world’s third-biggest oil consumer, India, has launched its first Electric Vehicle (EV) charging facility, a major boost to the country’s 2030 target to switch fully to electric mobility. The launch came less than 48 hours after Japanese automakers, Toyota, the world’s No. 2 automaker and Suzuki, the third largest car maker in Japan on […]

Nigeria’s GDP rises by 1.40 percent – NBS

Nigeria’s GDP rises by 1.40 percent – NBS

Nigeria’s Gross Domestic Product, GDP, grew in third quarter of 2017 by 1.40 per cent in real terms, the National Bureau of Statistics, NBS, said on Monday. In a report titled ‘Nigeria Gross Domestic Product Report’, the NBS noted that the development represents the second consecutive positive growth since the emergence of the economy from […]

Press Release: Edo Position on Nigeria Restructuring – Edo Forum of Patriots (EFP)

Press Release: Edo Position on Nigeria Restructuring – Edo Forum of Patriots (EFP)

16th November, 2017. The Senate President, Federal Republic of Nigeria, Abuja. Your Excellency, THE FOLLOWING REPRESENTS THE POSITION OF EDO STATE PEOPLE ON THE DEBATE ON RESTRUCTURING, VIA ITS FOREMOST SOCIOCULTURAL BODY, THE EDO FORUM OF PATRIOTS (EFP). INTRODUCTION Following the extant national discourse on the need for Restructuring of the country for more equitable, […]

Nigeria’s trade deficit in manufactured goods hits N4.21tr

Nigeria is largely disadvantaged in international trade involving manufactured goods across the world. Daily Trust compared Nigeria’s full year earnings from export of manufactured goods with imports of manufactured goods from the third quarter of 2016 to the second quarter of 2017 and discovered that Nigeria recorded a huge trade deficit of N4.21 trillion. Analysis […]

Buhari commends Nigeria’s Progress in world’s Ranking

Buhari commends Nigeria’s Progress in world’s Ranking

President Muhammadu Buhari has welcomed most the improvement of Nigeria on the World Bank’s Doing Business latest rankings released Tuesday by World Bank. Besides moving up 24 places in the rankings, Nigeria is also reported by the World Bank to be among the Top Ten Reformers globally. The President congratulated Nigerians on the significant step […]

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