Ebun Francis Nigeria’s Minister of budget and national planning, Udo Udoma was rattled and left deeply embarrassed on Monday when he was unable to provide the country’s debt figure when…
Read More Budget Minister, Udoma does not know Nigeria’s debt statusCategory: Economy
GE to invest $2bn in railway project
General Electric (GE) confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Nigerian President Muhammadu Buhari said…
Read More GE to invest $2bn in railway projectSeven banks undercapitalised -Report
A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). It also reported that…
Read More Seven banks undercapitalised -ReportNaira onsolidates gain against the dollar
he Naira on Monday consolidated its gain against the dollar at the Forex market. Since the resumption of the sale of Diaspora remittances to Bureau De Change by Travelex, the…
Read More Naira onsolidates gain against the dollarEthiopia blames Eritrea for attack on Dangote
Ebun Francis with agency reports The government of Ethiopia on Monday blamed elements in Eritrea for the crisis in the country that lead to the burning and destruction of factories…
Read More Ethiopia blames Eritrea for attack on Dangote
