Business
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Africa Faces $74bn Debt Service Challenge Amid Limited Liquidity – AfDB
Africa requires over $74 billion in debt servicing this year, with this figure expected to rise significantly when hidden debts…
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Nigeria, African Countries Need $74bn For Debt Servicing – AfDB
The Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group, Kevin Urama, has disclosed that…
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Governor Ododo Engages Chinese Consular General to Strengthen Kogi Economic Partnerships
Kogi State Governor, Ahmed Usman Ododo, has engaged the Consular General of the People’s Republic of China in Lagos for…
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W’Bank plans $1.65bn loans for Nigeria next year
The World Bank is set to make decisions on three major loan projects for Nigeria in 2025, totaling $1.65 billion,…
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Naira appreciates to N1,660/$ in parallel market
The Naira has appreciated to N1,660 per dollar in the parallel market, up from N1,662 per dollar last weekend. However,…
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NIMASA commences monitoring of SPDC oil spill at Bonny Terminal
The Nigerian Maritime Administration and Safety Agency (NIMASA) have launched a monitoring operation following an oil spill at the Shell…
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NNPC’s $1bn Crude-Backed Loan Supported Dangote Refinery – Official
A key strategic move to secure a $1 billion loan, backed by the Nigerian National Petroleum Company Limited’s (NNPCL) crude,…
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FEC Approves 161.3m Euros for Phase 1 Siemens Power Project
The Federal Executive Council (FEC) has approved the sum of €161,328,228 for the execution of contracts under the first batch…
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Nigeria Issues Sovereign Sukuk Worth ₦1.1 Trillion for Road Projects
The Securities and Exchange Commission (SEC) of Nigeria has announced the issuance of six Sovereign Sukuk worth ₦1.1 trillion ($657.6…
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Revenue from Rail Transport Declines by 4.7% in Q3 2024 Despite Growth in Passenger Numbers
Revenue generated from rail transport in Nigeria fell by 4.7% year-on-year (YoY) in the third quarter of 2024 (Q3’24), totaling…
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