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Category: Economy

Business Economy

NNPC signs $3.15bn financing for OML 13

July 23, 2019 No Comments #NNPC signs $3.15bn financing for OML 13

Ebun Francis| The Nigerian National Petroleum Corporation (NNPC) has signed a 3.15 billion dollars Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of…

Read More NNPC signs $3.15bn financing for OML 13
Business Economy headline

CBN plans to restrict forex for milk importation

July 23, 2019 No Comments #CBN plans to restrict forex for milk importation

Ebun Francis| The Central Bank of Nigeria plans to restrict foreign exchange for the importation of milk, the apex bank governor, Godwin Emefiele has confirmed. Emefiele made the disclosure on…

Read More CBN plans to restrict forex for milk importation
Business Economy

Nigeria, Siemens Seal Deal for Delivery of 11,000MW in 2023

July 22, 2019 No Comments 000MW in 2023nigeriaSiemens Seal Deal for Delivery of 11

Ebun Francis| Nigeria and global energy giant, Siemens has signed a letter of Agreement on Nigerian Electrification Roadmap conceived to deliver 7,000 megawatts of electricity in 2021 and 11,000 megawatts…

Read More Nigeria, Siemens Seal Deal for Delivery of 11,000MW in 2023
Economy

Police arraign whistle-blower who accused Emefiele of N232bn fraud

Iheanyi Ejiofor July 22, 2019 No Comments

The police have arraigned a whistle-blower, George Uboh, for alleged defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele. The charge sheet, which an online medium, SaharaReporters,…

Read More Police arraign whistle-blower who accused Emefiele of N232bn fraud
Economy

Recapitalisation: TCN to waive N270bn Discos’ debts

Iheanyi Ejiofor July 22, 2019 No Comments

The total indebtedness of the 11 power distribution companies to the Transmission Company of Nigeria now stands at about N270bn and this huge sum might be waived should there be…

Read More Recapitalisation: TCN to waive N270bn Discos’ debts

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