Nigeria’s Excess Crude Account hit $2.09 billion as at Oct. 16, the National Economic Council (NEC) has said. Bauchi State Governor, Mohammed Abubakar, told newsmen after the NEC meeting in Abuja that the minister of Finance made the announcement while presenting updates on the Excess Crude Account, Stablisation Fund Account and Natural Resources Development…
The Nigeria Communications Commission, NCC, says it is working assiduously on a presidential order to bridge the digital divide in the country, via the licensing of seven companies to deploy more broadband technology to nooks and crannies of the country aimed at enhancing socio-economic development. The development is set to increase broadband penetration from the…
Virgin Atlantic has unveiled a partnership with award winning food writer and TV host Donal Skehan to reinvent their dining experience at 38,000ft. Irish native, and now LA based Donal Skehan has been working with Virgin Atlantic for 12 months to develop a completely new approach to in-flight dining. This includes a range of delicious…
The Director-General, Debt Management Office (DMO), Ms Patience Oniha, yesterday expressed optimism that the second tranche of N100 billion sukuk bond would be floated before the end of the year. Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.…
The United Labour Congress (ULC) has urged the Senate to reject the Federal Government’s request to borrow $2.78 billion and $87 million to refinance existing foreign debts. The labour body said the loan request was unacceptable to it, and did not make economic sense at this time. ULC in a statement by its President, Joe Ajaero,…
The African Development Bank (AfDB) has presented Africa’s financial products and investment opportunities to Nordic investors to leverage more access to financing.The Bank made the presentation during a series of road shows it organised, which brought together more than 50 private sector companies, investors and government and public institutions in Norway, Sweden, Finland, and Denmark.…