Niger

Niger, Benin, Togo Pay Nigeria N2.04bn Electricity Bill

Niger, Benin, Togo Pay Nigeria N2.04bn Electricity Bill         International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first quarter of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria. But special customers, Ajaokuta Steel […]

Banks Provided N1.8trn, $1.36bn, €10.92m Loans To MSMEs – CBN

Banks Provided N1.8trn, $1.36bn, €10.92m Loans To MSMEs – CBN         Based on the financing statements registered on the National Collateral Registry in respect of movable assets offered as collateral, lending banks availed credit amounting to N1.80tn, $1.36bn and €10.92m to Micro, Small and Medium Enterprises in Nigeria. According to the Central […]

Nigeria Received $26.94bn Donations In six years – Fed Govt

Nigeria Received $26.94bn Donations In six years – Fed Govt         The Federal Government has said Nigeria received a total of $26.94bn development assistance funds from international donors between 2015 and 2020. The amount, according to the Minister of State for Budget and National Planning, Clement Agba, is made up of the […]

Manufacturing Sector Hits Sixth-month Slow Growth

Manufacturing Sector Hits Sixth-month Slow Growth         The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria. The statistics department of the CBN disclosed in its ‘Purchasing Managers’ Index survey report for October, that this contraction hit […]

Stock: Market Extends Gain With N106bn

Stock: Market Extends Gain With N106bn         Trading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter results. The key market performance measures, the NSE All-Share Index rose by 0.70 per cent as market breath closed […]

Breaking: Okonjo-Iweala Emerges WTO DG

Breaking: Okonjo-Iweala Emerges WTO DG       Ngozi Okonjo-Iweala, Nigeria’s ex-finance minister and nominee for the office of the director-general of the World Trade Organisation, WTO, has emerged winner of the highly competitive race. The former minister According to TheCable, polled 104 votes from 164 member countries to defeat her South Korea’s trade minister […]

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines         Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. According to shipping experts and economists, Nigeria cannot own and manage […]

FCT, Lagos, Other Artisans To Receive N30,000 Grant – Presidency

FCT, Lagos, Other Artisans To Receive N30,000 Grant – Presidency       The Presidency on Tuesday said the payment of N30,000 one-time grant to 330,000 artisans across the country under the Economic Sustainability Plan has commenced. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a […]

CACOVID Began distribution of Palliatives to state Govts in June

CACOVID Began distribution of Palliatives to state Govts in June …Targets 10 million poor families in 774 LG Members of the private sector-led coalition against COVID-19 (CACOVID) has enjoined Nigerian who are involved in the wanton destruction of Public and Private properties and even looting of the warehouses where the palliatives are kept to immediately […]