BUSINESS
China Approves Loan For $2.6 Billion AKK Gas Pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the Federal Government announced on Tuesday. Minister of Finance, Budget and National Planning, Zainab Ahmed, and Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, announced this during the inspection of the project in Ajaokuta, Kogi State. The AKK pipeline project,...
Expose Govt Officials Making Business Difficult – Osinbajo
The Vice President, Prof. Yemi Osinbajo, on Monday, charged private sector players to call out government officials who were making it difficult for people to do business in Nigeria. He gave the charge at the inauguration of the Abuja Chamber of Commerce and Industry’s Trade and Convention Centre. He said the position of the government was to continue, on an incremental...
World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide our engagement for the next 5 years in supporting the Government of Nigeria’s...
No Plan To Introduce New Taxes In 2021- FG
The federal government says it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and national planning, disclosed this on Friday, at a public hearing organised by the house of representatives committee on finance in Abuja. The minister said rather than increase taxes, it is making efforts to reduce tax burden...
Enyimba Mall Outlets Offers Opportunity For Shopping, Pleasure — Manager (VIDEO)
The project manager of Enyimba Mall Outlets Shops, Engr. Kelechi Abiakam has assured that the ongoing project will offer clients the opportunity to shop in most pleasurable environment. Speaking with ABN TV during a project tour, Engr. Abiakam while expressing regret that the #EndSARS protest caused a setback in the project due to the damage of a part of the...
#EndSARS: Despite Losing About N50m, We’re Committed To Making Enyimba Mall Reality — MD [VIDEO]
Business owners are still nursing the numerous losses encountered during the #EndSARS protest as some of them had their properties destroyed and goods looted. One of such is the magnificent Enyimba Mall Outlet, an edifice located at Ngwa Road by East Aba that was partly destroyed by hoodlums who infiltrated the #EndSARS protesters to unleash mayhem on citizens. Building materials...
FG Agrees To Reduce Fuel Price By ₦5
Following the resumption of talks between the Federal Government (FG) and the leadership of the Organised Labour over the recent hike in the price of fuel and electricity tariff, the FG has agreed to slash fuel price by N5. It will be recalled that the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, in November, increased the ex-depot price of...
Ikpeazu Delivers Abia 2021 Proposed Budget Of 131 Billion Naira
Governor Okezie Ikpeazu has just delivered the 2021 Appropriation Bill to the State House of Assembly. The 2021 Appropriation Bill is a total of One Hundred and Thirty-One Billion, Eight Hundred and Fifteen Million, Seven Hundred and Fifty-Three Thousand, Seven Hundred and Twenty Naira only (=N=131,815,753,720.00). Recurrent Expenditure is Sixty Two Billion, Six Hundred and Twenty Four Million, Five Hundred and...
Nigeria Must End Dependence On Crude Oil – Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must end its dependence on crude oil for revenue and foreign exchange. Emefiele was speaking at the prize presentation ceremony of the 2020 CBN Governor’s Golf Cup tournament on Saturday. NAN reports that he was represented by Edward Adamu, the deputy governor for corporate services. The governor explained that it...
US Removes Reciprocity Visa Fees For Nigerians
The federal government announced on Saturday that the United States has removed all visa reciprocity fees for Nigerians seeking visas to the country with effect from December 3. Disclosing this at the weekend, the Ministry of Foreign Affairs said the development was sequel to the removal of excess visa application, processing, and biometric fees for American citizens applying for Nigerian...
