- Economy
Afreximbank disburses $2.25bn syndicated crude oil backed facility for Nigeria
African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one of the largest…
Read More » - Sports
Top 10 players to watch at the Africa Cup of Nations 2023 in Ivory Coast
The CAF Africa Cup of Nations kicks off in Ivory Coast when the hosts face Guinea-Bissau on January 13 at the Alassane Ouattara Stadium in Abidjan. Senegal are the defending champions as they beat Egypt on penalties at the last edition in Cameroon. Here’s a look at our top 10 players whose performances are likely to be decisive if their…
Read More » - News from States
Niger State gets $650m boost from John Deere for farming equipment
Niger State has secured a massive $650 million financing deal from John Deere, the world-famous equipment maker based in the US. The deal will provide the state with 600 high-capacity tractors, 200 high-capacity combine harvesters, 200 bulldozers, 200 excavators, and thousands of other farming implements, featuring the latest technology in planters, sprayers, fertilizer spreaders, etc. The equipment will be deployed…
Read More » - Economy
Dangote Refinery begins production of diesel, aviation fuel
The 650,000 barrels Dangote Refinery, the world’s largest single train located in Lekki, Lagos has commenced production. This was confirmed to the News Agency of Nigeria (NAN) in a statement by Mr Anthony Chiejina, Group Head Corporate Communications, Dangote Group on Friday in Lagos. Chiejina quoted the President of Dangote Group, Alhaji Aliko Dangote, to have elatedly thanked President Bola Ahmed…
Read More » - Economy
FG commissions additional 300KWp power project
The Federal government on Thursday commissioned a 300KWp Solar PV pilot project in Kainji, Niger State. While commissioning the project, the Minister of Power, Adebayo Adelabu, said the project will primarily increase power generation capacity, lower electricity costs while also fostering enhanced collaboration between the main concessionaire, Mainstream Energy Solution and its Chinese partner, HEDC in the renewable energy field.…
Read More » - Politics
APC welcomes Supreme Court decisions on Kano, 7 other states
The All Progressives Congress, APC, has welcomed the Supreme Court judgment on the 2023 governorship elections in eight states, saying it affirmed the vibrancy and independence of the Nigerian judiciary. Mr Felix Morka, the party’s National Publicity Secretary, said this in a statement on Friday in Abuja while reacting to the apex court judgment. “In Lagos, Ebonyi and Cross River…
Read More » - Global News
South Africa tells top UN court Israel is committing genocide in Gaza as landmark case begins
In a case that strikes at the heart of Israel’s national identity, South Africa formally accused the country of committing genocide against Palestinians and pleaded Thursday with the United Nations’ top court to order an immediate halt to Israeli military operations in Gaza. Israel, which was founded in the aftermath of the Holocaust, has vehemently denied the allegations. As a…
Read More » - Global News
Blackrock buys up Adebayo Ogunlesi’s Global Infrastructure Partners for over $12bn
BlackRock (BLK.N) said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. The deal, which includes $3 billion in cash and 12 million BlackRock shares, will put the asset management giant at the heart of investing in ports, power, and digital infrastructure…
Read More » - Homeland News
Akeredolu for burial February 25
Former Ondo State Governor, Rotimi Akeredolu, will be buried on February 25, the funeral timetable released by the family has revealed. While the initial events will hold in Ibadan, Oyo State, The late governor will be laid to rest in Owo, Ondo State. Below is the timetable as released: FUNERAL ARRANGEMENTS FOR Oluwarotimi Akeredolu Aketi, SAN, CON.15th – 25rh Feb.,…
Read More » - News from States
Supreme Court upholds election of Mutfwang as Plateau governor
The Supreme Court on Friday upheld the election of Mr Caleb Mutfwang as the duly elected governor of Plateau. The appeal filed by Mutfwang, sought of to restore his mandate to lead the state was allowed and the judgment of the Court of Appeal set aside. Justice Emmanuel Agim who delivered the judgment held that the appeal by the governor…
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