Business

Nigeria Seeks $500m Loan From World Bank For “Rural Roads”

By Yahaya Umar Federal Government of Nigeria is pursuing a $500 million loan from the World Bank aimed at the development of rural roads and...

Dangote Repays $2.4bn Of $5.5bn Loan For Lagos Refinery

By Charles Ebi Loans of $5.5 billion were secured for the Dangote Petroleum Refinery in the Lekki area of Lagos State, the owner of the...

Free Zones Remit N11.11trn Into Federation Account In 2023

By Ladidi Gbegi Nigeria Export Processing Zones Authority ,NEPZA, says the nation’s Free Zones remitted N11.11 trillion to the Federation Account as of October 2023. The...

Nigeria’s Crude Production Falls To 1.25mbp/d In May 2024

Nigeria’s average daily crude oil production recorded another decline to 1.25 million barrels per day in May 2024, according to latest data from the...

FG Seeks Support For for Establishment Of Energy Bank

By Charles Ebi Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri has called for support to establish an African Energy Bank ,AEB, in...

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