The Big Story articles

NNPC to Redeem 2.1 Billion Naira NPA Debt This Week

NNPC to Redeem 2.1 Billion Naira NPA Debt This Week

Abuja – Nigeria: All debts owed the Nigerian Ports Authority (NPA) by the Nigerian National Petroleum Corporation (NNPC) between 2017 to date, amounting to about 2.1 Billion Naira for services rendered to the Corporation are to be settled this week. This is coming just as the NPA has assured that henceforth the NNPC would not




Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings

BUSAN, Republic of Korea — The Government of Korea and the African Development Bank (www.AfDB.org) have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for




IMF Doubts Nigeria’s Capacity To Repay Debts

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue of the Regional Economic Outlook for Sub-Saharan Africa, said the public debt in the region




FG, Others Plan N1.7tn Investment In Niger Delta

The Federal Government on Monday announced that about N1.7tn would be invested by various stakeholders in the Niger Delta between this year and 2021. It said the fund would be spent on the development of the region, adding that about N50bn had been spent on the payment of stipends to ex-militants from the area. The




Kuber Power, Nasarawa State Sign Power Purchase Agreement

Kuber Power Limited (KPL) and Nasarawa State Government have signed a power purchase agreement (PPA) with the aim of boosting power supply in the state. The PPA which was signed on May 8, 2018 in Lafia, Nasarawa State, is based on the Nigeria Electricity Regulatory Commission’s (NERC) Eligible Customer Policy which allows licensed generation company




PDP receives 5,558 APC defectors in Kaduna

THE Peoples Democratic Party (PDP) in Kaduna State on Monday received no fewer than 5,558 All Progressives Congress members who defected to the party from across the 23 local government areas of the state. The News Agency of Nigeria (NAN) reports that the reception which took place at Zonkwa, Zangon Kataf Local Government Area, was




FG Restates Commitment to Global Fight Against Terrorism

The Federal Government has affirmed its commitment to the global fight against the financing of terrorism. The Minister of Finance, Mrs. Kemi Adeosun, gave this pledge at an International Conference against the financing of terrorism in Paris, France. The Conference, which had as theme “No money for terror”, was hosted by the French President, Emmanuel




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