Nigeria plans to borrow 1.549 trillion naira ($4.3 billion) from domestic and international markets to fund its 2020 spending plans, according to the country’s Debt Management Office. A little more than half, 805 billion naira, will be external financing while 744 billion naira will be borrowed from the domestic market, Director-General Patience Oniha told reporters […]

The Federal Government has inaugurated the National Gas Expansion Programme Committee to steer the gas sector for optimal performance and better utilisation of Nigeria’s abundant gas resources. The Minister of State for Petroleum Resources, Timipre Sylva, who inaugurated the committee in Abuja, said the country was on the verge of becoming a gas hub for […]

The Transmission Company of Nigeria on Friday said the national grid had been fully restored after the system collapse which occurred at about 4.15pm on Thursday. It explained that the collapse occurred while the grid was recovering from an earlier partial system slump, which it described as “system disturbance.” “Full restoration of the grid was […]

The bulls returned to the stock market thursday after two days of absence lifting the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by one per cent to close at 29,352.13, while market capitalisation added N149 billion to close at N15.1 trillion. After rallying for many days the market declined last Tuesday and Wednesday on profit […]

President Muhammadu Buhari will today (Friday) leave Abuja for London to participate in a one-day inaugural United Kingdom-Africa Investment Summit on Monday, January 20, 2020. A statement by the president’s media adviser, Mr. Femi Adesina, said the event would be hosted by the British Prime Minister, Mr. Boris Johnson. According to Adesina, the event, as […]

Former governor of Imo State, Hon. Emeka Ihedioha, thursday described Tuesday’s judgment of the Supreme Court, which nullified his victory at the March 9, 2019 governorship election in the state, as truncating the will of the people. He spoke shortly before the candidate of the All Progressives Congress (APC), Senator Hope Uzodinma, who declared winner […]

With only 15,000 extension workers to serve a farming population of 70 million, the Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, has said the sector is in dire need of extension workers. The minister, who stated this when he received agricultural development partners recently in Abuja, said it calls for urgent action […]

The Yoruba Council of Elders (YCE) has lent its voice against declaration of Amotekun by Minister of Justice and Attorney General of the Federation, Abubakar Malami, as illegal. This is coming as the Ooni of Ife, Oba Enitan Adewusi Adeyeye Ojaja ll, thursday maintained that the introduction of the security outfit by the South-west governors […]

Nigeria’s import of foreign rice must have declined by 3.7 million metric tonnes, the Nigeria Export Promotion Council has said. The Chief Executive Officer of  NEPC, Mr Segun Awolowo, said in Jos, Plateau State, on Wednesday that with Nigeria’s rice production put at 4.9MMT, dependence of the country on foreign rice must have declined from […]

Ill health by a Justice of the Supreme Court on Monday halted proceedings in seven governorship election petition appeals. Besides, a huge crowd, largely unruly, temporarily stalled the matter before Chief Justice of Nigeria (CJN) Justice Ibrahim Muhammad, who led the seven-man panel hearing the suit, announced that one of the panel members was feeling […]