Nigeria received $26.9bn foreign support in 6 yrs — Minister

Mr Clement Agba, the Minister of State for Budget and National Planning, says Nigeria has received $26.94 billion Development Assistance funds from International Donors between 2015 and 2020. Agba made this known on Tuesday in Abuja while briefing House of Representatives Committee on Civil Society and Development Partners on Donor Funds Receipts, Transfers and Disbursement … Read more

Over 70% provinces in China see economic growth in Q1-Q3

According to rough statistics, 27 provinces in China has recently announced the economic data in the first three quarters of this year. 23 of them have seen their economic growth turn positive, reported Shanghai Securities News on Tuesday. The other four regions, Liaoning Province, Hubei Province and the Inner Mongolia Autonomous Region had negative while … Read more

Cameroun : Bahoken rappelé, Nsamé zappé

beIN SPORTS | Oublié le mois dernier, Stéphane Bahoken (Angers) fait son retour sur la liste des Lions Indomptables du Cameroun. Le sélectionneur du Cameroun, Toni Conceiçao, a communiqué une première liste de 32 joueurs en vue des rencontres du mois de novembre face au Mozambique, les 12 et 16 novembre prochains. Oublié le mois … Read more

Taiwan approved to buy Harpoon missile system from U.S.

Taiwan’s government appreciated the United States on Tuesday for its plans to sell a coastal defence cruise missile system with 100 Harpoon anti-ship missiles for 2.37 billion dollars. Presidential spokesman Xavier Chang said Taipei expressed sincere gratitude to the U.S. after the official notification of the sale to Congress was issued by the U.S. State … Read more

Cameroun – Volleyball: Comment Serge Julien Abouem a été humilié

Confiant et déterminé à porter haut les couleurs du Cameroun au Conseil d’administration de la Fédération internationale de volleyball (Fivb), le président de la Fédération camerounaise n’a fait mieux que récolter cinq maigres voix sur 54 que constitue l’électorat. Une femme monte au filet et smashe ! Bouchra Hajij, présidente de la Fédération marocaine de … Read more

2019 Financials: Value of NNPC’s oil, non-oil assets grew by 19% to N4.67trn

By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration … Read more

Nigeria’s rig count rises by 2, as OPEC’s decreases by 14

Stock photo of an offshore oil rig“Without natural capital accountability GDP growth is meaningless’ By Sebastine Obasi Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count … Read more

How Ajaokuta Steel Company’s resuscitation’ll succeed ― MAN

By Gabriel Ewepu Mining professionals, under the aegis of Miners’ Association of Nigeria, MAN, have called on the Federal Government to carry them along in the planned resuscitation of Ajaokuta Steel Company Limited, ASCL. This proposition is coming against the backdrop of the agreement reached between the Federal Government and the Russian government to commence … Read more

PIB: FG plans single regulator for midstream, downstream sectors

ENERGY The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB).   The new PIB is currently before the National Assembly for consideration. The downstream oil and gas sector are currently regulated by the … Read more

Expert seeks interest free loan for businesses

By Peter Egwuatu Following the impact of the Covid-19 pandemic, coupled with the #EndSARS protests that led to the looting and destruction of businesses, an economy expert has called on banks to initiate interest free loan. This is coming as Access Bank Plc announce N50 billion interest-free loans and grants to support communities, the youths, … Read more

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