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Federal government to sell Yola DisCo, two power plants in fresh privatisation exercise

Nigeria will attempt to re-sell the Yola Electricity Distribution Company (Disco), which was returned to it in 2015 by a core investor after declaring a force majeure on its operation of the network, as well as two gas power generation plants, according to a report.
President Mahammadou Buhari of Nigeria and President, Muhamamdou Issoufou of the Republic of Niger witnessed the signing of the agreement at the New Banquet hall of the Presidential Villa, Abuja

Nigeria, Niger Republic MoU targets 150,000bpd crude in new refinery

Nigeria and Niger Republic are targeting to produce between 100,000 and 150,000 barrels of crude oil per day in the new agreement to build a hydro carbon and pipeline refinery in Katsina State.

Glo, Airtel, others know fate on 9mobile takeover by December 31

The final buyer from among five bidders already shortlisted for the takeover of the distressed Nigerian telecoms company, 9mobile, will be announced by December 31.

$25bn oil deal: VP Yemi Osinbajo approved loans not contracts – Presidency

The Presidency has again faulted claims that $25 billion oil contracts were awarded by the the Nigeria National Petroleum Corporation (NNPC) or is $25 billion NNPC fund missing.

Lagos govt denies partnering with ‘failed’ foreign firms on water sector

The Lagos State Government on Friday described reports that the foreign firms it is partnering in the water sector failed in other countries as “a blatant falsehood.”

Recent Stories

Federal government to auction N70 billion bonds

The Debt Management Office says the Federal Government is to auction by subscription bonds worth N70 billion on December 19.
Dortmund’s players react after the German first division Bundesliga football match Schalke 04 vs Borussia Dortmund on December 8, 2018 in Gelsenkirchen. (Photo by Patrik STOLLARZ - AFP) -

Borussia Dortmund hope to avoid Jurgen Klopp’s Liverpool in last 16

Borussia Dortmund is hoping to avoid ex-coach Jurgen Klopp and Liverpool when the last 16 of the Champions League is drawn on Monday.
Gina Haspel

CIA chief Gina Haspel to brief US House leadership on Jamal Khashoggi case

CIA Director Gina Haspel is set to give a classified briefing to leaders of the US House of Representatives on Wednesday on the what the intelligence agency knows about the murder of Saudi writer Jamal Khashoggi.

Bayelsa government declares balance surplus of N18.564 billion for October

Gboribiogha Jonah, the Bayelsa State Deputy Governor, has disclosed that the state government recorded a balance surplus of N18.564billion as at October 31, 2018.

LASPOTECH shuns ASUP strike

The academic staff of the Lagos State Polytechnic, Ikorodu, have defiled the ongoing nationwide strike declared by the Academic Staff Union of Polytechnic on Wednesday.