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OPEC Fund grants $115m COVID-19 Loans to Benin, three others
The Organisation of the Petroleum Exporting Countries Fund for International Development (the OPEC Fund) has extended four loans…
Nigeria Increases Stake in AfDB to 16.8%
Nigeria has increased its stake and voting rights in the African Development Bank (AfDB) to 16.8 per cent ahead of the regional…
SON destroys N450m substandard LPG cylinders, roofing sheets
The Standards Organisation of Nigeria (SON) on Tuesday destroyed substandard LPG cylinders, aluminium and galvanised roofing…
Nigeria’s power sector loses N468.4bn revenue in seven months
Nigeria’s power sector lost about N468.4 billion between January and August 21 this year, the latest documents covering the…
Nigeria Faces Quadrilemma of Recession, Inflation, Unemployment, Weak…
Foremost Nigerian economist and think tank, Mr Bismarck Rewane, has said Nigeria now faces a quadrilemma, following the report of…
Russia becomes world’s second largest oil producer
Russia has become the world’s second-largest oil producer, beating Saudi Arabia after producing more crude oil in June, data from…
Nigeria’s GDP decreases by –6.10% in Q2 2020 — NBS
The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) decreased by –6.10 per cent (year-on-year) in…
EXCLUSIVE: Who takes over as Polaris Bank CEO after Abiru’s exit?
Incumbent Managing Director and Chief of Executive Officer (CEO) of Polaris Bank, Tokunbo Abiru is billed for retirement later…
COVID-19: Lagos announces guidelines for reopening of hotels, event…
Hospital and tourism establishments in Lagos State are set to reopen for business after being shut down for over four months by…
Access Bank signs $93.8m syndicated loan
Access Bank Plc, has announced the signing of a Subordinated Syndicated Loan Agreement worth $93.8 million with the Dutch…