By our reporter| Shoprite, one of Africa’s largest supermarket chains on Monday said it has begun a formal process to exit Nigeria. The South African-based company in a published update,…
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Category: Business
Nigeria will pay back Chinese loans in 20 years -Amaechi
Agency report| Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20…
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NNPC: ”It is impossible to ship 48 million barrels of crude oil to China from Nigeria without any record”
Ebun Francis| Contrary to reports making the rounds that NNPC officials sold 48 million barrels of oil to China in 2015, the Nigerian oil giant on Friday dismissed the reports…
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FBN Holdings posts 56.65% growth in profit in 6 months
FBN Holdings Plc on Wednesday announced Profit After Tax (PAT) of N49.5 billion for the six months that ended June 30. The PAT represented an increase 56.65 per cent when…
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Probe of Chinese railway loan may derail rail projects – Amaechi
Yusuf Bello| Nigeria’s minister of transportation and former governor of oil-rich Rivers state on Wednesday appealed to the National Assembly not continue wits its probe of the Chinese government-backed $500…
Read More Probe of Chinese railway loan may derail rail projects – Amaechi