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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

Court stops Kogi government from unseating traditional ruler

A Kogi State High Court sitting in Lokoja, on Wednesday, granted an Order of Interim Injunction restraining the State Government from terminating the appointment of Chief James Akor as Aidokanya of Odari in Olamaboro Local Government.

Sadique Abubakar: Alex Badeh’s murder ‘totally unacceptable’

The Chief of Air Staff, Air Marshal Sadique Abubakar, has condemned the killing on Tuesday, of former Chief of Defence Staff, Air Marshal Alex Badeh, saying the incident was “totally unacceptable”.

South Africa issues arrest warrant for Grace Mugabe

South African authorities have issued an arrest warrant for Grace Mugabe, wife of deposed Zimbabwean leader Robert Mugabe, over the alleged assault of a South African model in August 2017.

Court dissolves pastor’s 14-year-old marriage

An Igando Customary Court in Lagos, on Wednesday dissolved the 14-year-old union between Pastor Peter Onuoha and his wife, Rose.

Polish sailors kidnapped off Nigeria’s coast freed

The Polish government has confirmed the release of the crew of a container ship, who were kidnapped by pirates off Nigeria in October.