Etisalat, lenders disagree over $1.2bn loan repayment
Akinpelu Dada and Ozioma Ubabukoh The controversies surrounding Etisalat Nigeria’s indebtedness to a consortium of 13 banks deepened on Thursday with the telecoms firm insisting that it…
Tag: <span>Business & Economy</span>
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Nigeria begins yam export to Europe, U.S. June 29
The Minister of Agriculture and Rural Development, Audu Ogbeh, has said the country will commence yam exports to Europe and america on June 29. He said 72…
FG to mobilise N2.5bn private investment for YouWin SMEs
Ifeanyi Onuba, Abuja The Federal Government on Thursday said it would mobilise N2.5bn annually as equity investment through qualified fund managers for Small and Medium Enterprises under…
Nigeria loses N140bn weekly to Apapa gridlock – Dangote
Akinpelu Dada The President, Dangote Group, Aliko Dangote, has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf Road as its grim state…
We won’t allow AMCON to acquire new debts – Reps
Akinpelu Dada The Chairman, House of Representatives Committee on Banking and Currency, Jones Onyereri, has said the House will not be lured into supporting the deceptive plot…
Debt servicing compromising Nigeria’s development – NGO
Everest Amaefule, Abuja The cost of debt servicing is compromising the rate of development of the country, a non-governmental organisation, Social Action, has said. In a statement…
Power: Discos, service providers owe market operator N252bn
OkechukwuNnodim, Abuja The total shortfall in remittances to the power sector by electricity distribution companies and service providers since the commencement of the Transitional Electricity Market has…
Why CBN can’t cut interest rate now – Officials
Ifeanyi Onuba There are strong indications that the Central Bank of Nigeria may not reduce the benchmark lending rate anytime soon owing to the high inflationary pressure…
Digital switchover: NBC spends $26m on set-top boxes
Success Nwogu, Ilorin The Director-General, National Broadcasting Commission, Mr. Modibo Kawu, has said that the agency has spent $26m to procure 620,000 set-top boxes for homes as…
NUPENG threatens strike over P’Harcourt refinery sale
Ife Ogunfuwa The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government fails to rescind its…
Senate wants tolls back on federal roads
Leke Baiyewu, Abuja The Senate is proposing the return of tolls on federal roads and the setting aside of 0.5 per cent of transport fares paid by…