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Economics

14 Results / Page 2 of 2

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Business

NIGERIA’S DEBT-TO- GROSS DOMESTIC PRODUCT (GDP) RATIO SAYS DEBT MANAGEMENT OFFICE

The Debt Management Office (DMO), says Nigeria’s debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. Director-General of the DMO, Patience Oniha, said this in an interview with newsmen on Tuesday in Abuja while reacting to some media reports that the debt-to-GDP ratio of 52 per cent exceeded the World Bank/IMF’s prudential ceiling for countries […]

todayJuly 9, 2024 29

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Economics

LONG QUEUES RETURNS TO PETROL STATIONS ACROSS NIGERIA, AS REPORT EMERGES OF NNPCL’S STRUGGLES TO PAY $6 BILLION PETROL PAYMENT BACKLOG.

Long queues are gradually returning to petrol stations across Nigeria, raising fresh concerns about shortages as the Nigerian National Petroleum Company Ltd (NNPCL) struggles with a staggering $6 billion petrol payment backlog. Reports say the NNPCL owes around $6 billion to international traders for imported petrol as traders said the state-owned company is taking more days to make payment instead of within 90 days. It quoted Reuters as saying that […]

todayJuly 5, 2024 12

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Business

NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED DECLARES STATE OF EMERGENCY ON CRUDE OIL PRODUCTION.

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on crude oil production, adding that the move is geared towards increasing Nigeria’s oil production and growing its reserves. Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition Week in Abuja, on Tuesday. According to […]

todayJuly 3, 2024 36

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Economics

FEDERAL HIGH COURT DISMISSES FUNDAMENTAL HUMAN RIGHTS SUIT FILED BY DETAINED LEADER OF THE INDIGENOUS PEOPLE OF BIAFRA IPOB, NNAMDI KANU AGAINST THE FEDERAL GOVERNMENT.

The Federal Government has terminated its contracts with Mothercat, RCC and Dantata & Sawoe for non-performance on the dualization of the Obajana-Benin road project sections two, three and four. The Minister of Works, David Umahi, made this known in a statement by his Special Adviser on Media Uchenna Orji, on Monday in Abuja. Umahi said the contracts were terminated due to delay leading to the expiration of the contract which […]

todayJuly 1, 2024 33

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Communications

NIGERIAN AIR FORCE DENIES TRENDING REPORTS OF THE CRASH OF ITS HELICOPTER, SAYS AN UNMANNED DRONE WAS INVOLVED IN THE CRASH.

The Nigerian Air Force (NAF) says its Unmanned Aerial Vehicle (UAV) popularly known as drone, has crashed in Kaduna on Monday morning and not its helicopter as earlier reported. The Director, Public Relations and Information, NAF, Air vice Marshal Edward Gabkwet, made this known in a statement on Monday in Abuja. Gabkwet said preliminary investigation had since commenced to ascertain what might have caused the mishap. He assured Nigerians that […]

todayJuly 1, 2024 72

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