World Bank Okays $1.5bn Loan For Nigeria
By Lukman Amusa The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year…
Econet Begins Construction f $100m Data Centre In Lagos
The Founder, Econet Global and owner of Liquid Telecom, Strive Masiyiwa, says work has commenced on a new data centre facility in Lagos valued at $100m. Masiyiwa said the data…
Nigeria Needs More Currency Reform To Access $1.5bn Loan, Says World Bank Director
Shubham Chaudhuri, World Bank country director for Nigeria, says Nigeria needs more monetary reform in order to access $1.5 billion loan. In November, the naira weakened at N500 to the…
CBN Reveals Categorisation For Payment System
By Agency Report The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments…
FG Reveals The Reduction Of Data Price
By Precious Fewemi The Federal government said on Thursday that the price of data has been reduced by more than 50 percent following a directive that the Nigerian Communications commission,…
No Nation In The World Depends On The Consumption Of Foreign Goods-Emefiele
By Lukman Amusa Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, says no nation in the world depends on the consumption of foreign goods and grow its economy.…
Nigeria losing $1.9bn annually to foreign ship owners —NSC
The Chief Executive Officer, Nigerian Shippers’ Council, and Chairman, Nigerian Fleet Implementation Committee, Hassan Bello, has said Nigeria is losing $1.9bn to foreign ship owners annually. Bello disclosed this when…
Just In: Arik Air Fire 300 Staffs
Arik Air on Friday declared the retrenchment of 300 workers. The airline said the action was due to the adverse effect of coronavirus. The statement on the sack was titled,…
FOA Cries Out Over Rise In Food Prices
Global food commodity prices rose sharply in November to their highest level in nearly six years, the UN food agency said Thursday, due in part to adverse weather conditions. The…
Reopening Of The Boarder Is In Our Own Interest – MAN
The Manufacturers Association of Nigeria has advised the federal government to as a matter of urgency consider reopening of the nation boarders in the interest of the country He said,…
