AFRICA Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since 2018 – was increased…
SENATE President Ahmed Lawan has assured Nigerians that subsidy on Petroleum Motor Spirit, PMS, will not be removed for now as being reported by some social and conventional media. Mr Lawan stated this when he fielded questions from State House…
FINANCE ministers from Tanzania and Burundi have signed an agreement for the construction of a $900 million railway aimed at boosting trade between the East African neighbours. The deal was inked in the western Tanzanian town of Kigoma on Sunday.…
BRITAIN is partnering with Kenya to build a new rail hub in the capital Nairobi, and its development arm CDC Group will invest $1bn in various sectors over the next five years, officials said on Tuesday. Britain, the former colonial…
AN integrated policy framework built around the energy transition could bring a wave of new sustainable energy investment to Africa, growing the region’s economy by 6.4 per cent by 2050, results of an analysis published last week by the International…
THE Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Friday, January 14, 2022 arraigned Anumati Stella Ojevwe before Justice Okon Abang of the Federal High Court sitting in Warri, Delta State. Ojevwe was arraigned on a…
OBI Iyiegbu popularly known as Obi Cubana has broken his silence on his investigation by the National Drug Law Enforcement Agency (NDLEA) for alleged drug links. Cubana presented himself at the Abuja headquarters of the anti-drug agency on Thursday after…
IN a ceremony held recently on the premises of the National Vocational Training Institute’s Headquarters at East Legon, near Accra, President Nana Addo Dankwa Akufo-Addo cut the sod for the construction of the first ultramodern Science, Technology, Engineering, and Mathematics (STEM) academy in…
AS the federal government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC) earn more revenue for the…
HONOURABLE minister of State for FCT, Dr Ramatu Tijjani Aliyu has embarked on satellite town projects inspection and evaluation ahead of commissioning. Aliyu, while on tour of the projects, gave President Muhammadu Buhari credit for the laudable initiatives. The Minister…
