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FG Raises Panel On N50bn Export Expansion Facility

FG Raises Panel On N50bn Export Expansion Facility       The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, yesterday inaugurated a steering committee for the implementation of the Export Expansion Facility (EEF) to boost non-oil exports. Adebayo at the virtual inauguration of the committee, warned that the economy would remain vulnerable to […]

‘Nigeria Requires $4bn Yearly For Renewable Energy’

‘Nigeria Requires $4bn Yearly For Renewable Energy’         Nigeria’s power sector requires about $4bn annually to access clean and sustainable renewable energy for power users across the country, the Federal Government has said. Minister of State for Power, Goddy Jedy-Agba, said this at a virtual global power conference of the United Nations, […]

Nigeria’s Debt Service Charges Rise 89% To N803bn

Nigeria’s Debt Service Charges Rise 89% To N803bn         The cost of servicing Nigeria’s public debt has increased quarter-on-quarter (QoQ) by 88.8 percent to N803.69 billion in third quarter of last year (Q3’20), from N425.7 billion in Q2’20. The amount was used to service the country’s debt stock of N32.22 trillion during […]

NNPC Harvests Bids from 96 Firms for Infrastructure Rehabilitation

NNPC Harvests Bids from 96 Firms for Infrastructure Rehabilitation Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure ranging from […]