AfrikNews

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FG Targets N123bn From Jabi Lake Tourism Project

FG Targets N123bn From Jabi Lake Tourism Project     The Infrastructure Concession Regulatory Commission (ICRC) says the proposed Jabi Lake Tourism and Recreation Development project will generate N123 billion over a 30-year period. ICRC Acting Director-General, Mr Micheal Ohiani, spoke yesterday in Abuja, while presenting the Outline Business Certificates (OBC) to Mrs Ramatu Aliyu, […]

African Airlines’ Traffic Declined By 68% In February

African Airlines’ Traffic Declined By 68% In February     African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February 2019, the International Air Transport Association (IATA) has said. The development was a setback compared to a 66.1% decline recorded in January 2021, far less than that of […]

Senate Probes Agency Over Sale Of N31m Jeeps For N1.5m

Senate Probes Agency Over Sale Of N31m Jeeps For N1.5m       The Senate Public Accounts Committee has commenced investigation into the alleged sale of two Prado Jeeps worth N31 million at N1.5 million by officials of the Lake Chad Research Institute, Maiduguri, Borno State capital. The committee made the discovery while scrutinising the […]

IMF Proposes $650bn Special Drawing Rights To Members — Kristalina Georgieva

IMF Proposes $650bn Special Drawing Rights To Members — Kristalina Georgieva       The International Monetary Fund (IMF) is to propose a $650 billion Special Drawing Rights (SDR) to its member countries in the organisation’s efforts to boost their reserve positions. The Managing Director (MD) of the IMF, Ms Kristinalina Georgieva, disclosed during a […]

W/Bank To Address Nigeria, Poor Countries’ Debt Overhang

W/Bank To Address Nigeria, Poor Countries’ Debt Overhang     The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens. He said this while responding to questions at […]