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Daily Archives: February 14, 2020

AfDB’s faults World Bank on Nigeria, Africa’s debt profiles

AfDB’s faults World Bank on Nigeria, Africa’s debt profiles

The African Development Bank has said that the upward debt trend of some African countries did not portend systemic risk of debt distress, as stated by the World Bank. It also said that the general statement by the World Bank ...

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Nigeria’s oil exports fall as explosion shuts pipeline

Nigeria’s oil exports fall as explosion shuts pipeline

The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a subsidiary of Eni, to close a pipeline feeding the Brass oil export terminal. Reuters reported on Thursday that the explosion on ...

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Senate summons AGF, CBN over N596bn ecological fund

Senate summons AGF, CBN over N596bn ecological fund

The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation, summoned the Secretary to the Government of the Federation, Mr Boss Mustapha, to explain details of an ecological fund totalling N596bn. Also ...

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One billion oil barrels found in North-East, says FG

One billion oil barrels found in North-East, says FG

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the nation’s oil and gas sector has worsened as the uncertain fiscal environment put a damper on investment. The minister also disclosed that about a billion ...

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Relief for local airlines as AMO boosts repair capacity

Relief for local airlines as AMO boosts repair capacity

•N200m investment automates facility to world standard An investment in excess of N200 million has successfully automated the sole Aircraft Maintenance Organisation (AMO) in the country, opening its doors to heavier repair services locally. With the processes of repairs now ...

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West African traders seek end to international border closure

West African traders seek end to international border closure

• Urge release of stranded loaded trucks • Canvass waivers for farm produce West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral and Fisheries Products (WACTAF) have called on ...

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Tiger Woods is on the verge of history and still tinkering

Tiger Woods is on the verge of history and still tinkering

Tiger Woods was clad in his hallmark red for the final round at the Farmers Insurance Open last month when he took a compact swipe at his 141-yard approach shot on the second hole. The ball found the green and ...

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SEC mulls fresh recapitalisation for stock broking firms

SEC mulls fresh recapitalisation for stock broking firms

•Seeks more palliatives for private equity operators, bluechips Ahead of the planned change of ownership (demutualisation) of the Nigeria Stock Exchange (NSE), the Securities and Exchange Commission (SEC), may soon call for fresh recapitalisation of stock broking firms operating in ...

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