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Exim Bank of China

Expert: Why federal government needs more borrowing to fund capital projects

As huge revenue shortfall dogs the 2018 budget, it has been revealed why the Federal Government needs more loans to fund the capital projects.

NBS: Nigeria’s foreign debt stands at $22.08 billion, local N3.48 trillion

The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08billion dollars.

NBS: Lagos’ total debt profile hits N1.04 trillion

Lagos’ total debt profile has risen to N1.04 trillion, report from the National Bureau of Statistics, NBS, has revealed.
President Muhammadu Buhari

President Buhari inaugurates Abuja Light Rail Project

President Muhammadu Buhari on Thursday inaugurated the Abuja Light Rail Project and commended the Chinese Government for its investment in Nigeria’s economy.

Airlines maintenance in foreign countries make operations difficult – aeronautic engineer

Engr. John Ekundayo, an aeronautic engineer with one of the domestic carriers, in his remarks, said that carrying out of checks on the aircraft in foreign countries make operations difficult for the airlines.

Nigeria’s debt profile to rise with new issues

The Federal Government had raised $1.5 billion Eurobond in the first quarter and sold another $300 million, even as it announced the commencement of the sale of a N100 billion ($326 million) debut sovereign Sukuk on the local market.

Senate ask fed govt to release 12bn for standard guage rail project

This is coming as the federal government has promised to release the balance of 12 billion naira of the project this week, having released 60 billion naira in April this year.

Recent Stories

Everton midfielder Idrissa Gana Gueye scored the decisive goal as Senegal defeated Nigeria 1-0 at the Ismaila Stadium on Sunday in their final build-up game ahead of the 2019 Africa Cup of Nations,

AFCON: Super Eagles lose 1-0 to Senegal in friendly

Everton midfielder Idrissa Gana Gueye scored the decisive goal as Senegal defeated Nigeria 1-0 at the Ismaila Stadium on Sunday in their final build-up game ahead of the 2019 Africa Cup of Nations.
A mine blast killed four police officers travelling in a troubled anglophone region of Cameroon in the southwest of the country, the government said Sunday.

Mine blast kills four police in Cameroon

A mine blast killed four police officers travelling in a troubled anglophone region of Cameroon in the southwest of the country, the government said Sunday.
Buhari Media Organisation (BMO)

BMO cautions PDP on improper conduct

The Buhari Media Organization (BMO) has described Peoples Democratic Party (PDP’s) statement on June 12 as a cacophony of lies.

Sporadic gunshots cause skirmishes in Maiduguri

Residents in the outskirts of Maiduguri on Sunday witnessed some skirmishes following indiscriminate shooting by some soldiers.

Nigerian Immigration commissions 396 cadets into officers corps

The Nigeria Immigration Service has commissioned 396 cadets into Officers Corps, NIS Public Relations Officer, Sunday James, has said.