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NNPC RECORDS CRUDE OIL AND GAS EXPORT SALE OF $470M IN AUGUST

The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released …

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EASE OF DOING BUSINESS: BAYELSA CELEBRATES WORLD BANK RATING 

The Government in Bayelsa State has said that it has laid a solid foundation that will encourage more investors to come into the state and invest. Director General of the Bayelsa State Investment Promotion Agency (BIPA), Patience Ranami-Abah gave this indication in Yenagoa on Tuesday. She said it is no …

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FG SUPPORTS INCREASED INDIGENOUS PARTICIPATION IN MARITIME BUSINESS

The Federal Government is determined to promote and increase indigenous participation in the shipping business in Nigeria, the Minister of Budget and National Planning, Senator Udoma Udo Udoma told the Nigerian Fleet Implementation Committee on Thursday, in Abuja. The Minister who gave the indication while receiving the Committee members in …

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FAO SEEKS $13.9 MILLION TO BOOST AGRIC PRODUCTION

The Food and Agricultural Organisation (FAO) of United Nations seeks $13.9 million (N5 billion) to boost agricultural production in the 2018/19 cropping season. The $13.9 million was to overcome FAO’s funding gabs and sustain “all-year round agricultural and livestock production” in Lake Chad Basin, including Chad, Niger and Cameroon. This …

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BORNO MONARCH APPLAUDS WORLD BANK ASSITED HEALTH PROJECTS

The Shehu of Borno, Alhaji Abubakar Ibn Garbai El-Kanemi has applauded the implementation of World Bank assisted project on strengthening healthcare delivery services. The Bank’s Additional Financing-Nigeria State Health Investment Project (AF-NSHIP) was to improve quality of public and private healthcare facilities across the state. El-Kanemi made the commendations on …

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WE DON’T HAVE $3.5BILLION SUBSIDY FUND, SAYS NNPC

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion Subsidy fund. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close …

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AFRICAN DEVELOPMENT BANK AND PARTNERS’ INNOVATIVE ROOM2RUN SECURITIZATION WILL BE A MODEL FOR GLOBAL LENDERS

  Room2Run will create space for more lending in pursuit of development agenda BALI, Indonesia, October 15, 2018/ — Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank …

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WHOLESALE SEGMENT, OTHERS GET $210M BOOST

Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100million from the Central Bank of Nigeria (CBN) on Tuesday, October 9, 2018 to meet the needs of customers. The CBN also on Tuesday allocated the sum of $55million each to the Small and …

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