Nigerian shipowners are crying out over the high cost of dry-docking their vessels in neighbouring West African countries, while a N50 billion modular floating dock owned by NIMASA lies unused …
GOVERNMENT
- BusinessEconomyGOVERNMENTInfrastructurePolicies
Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …
- EconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
Nigeria’s Public Debt Rises to N144.67tn, Records 48.58% Increase in One Year
Abuja – Nigeria’s total public debt has climbed to N144.67 trillion as of December 31, 2024, according to a fresh report released by the Debt Management Office (DMO). This figure …
- AfricaBusinessEconomyEgyptGOVERNMENTNorth Africa
IMF Gives Egypt $1.2 Billion to Support Ongoing Economic Reforms
The International Monetary Fund (IMF) has released $1.2 billion to Egypt as part of the country’s ongoing economic reform plan. This marks the fourth payment under the Extended Fund Facility …
- GOVERNMENTInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Minister Umahi Reopens Independence Bridge in Lagos After Emergency Repairs
The Minister of Works, Engr. David Umahi, has officially reopened the Independence Bridge in Lagos for public use after emergency repairs were carried out on a collapsed section. The reopening …
- Business and EconomyEnergyGOVERNMENTNigeriaOil & GasWestern Africa
Adesua Dozie, Three Others Appointed to NNPC Management as Reshuffling Continues
The Nigerian National Petroleum Company (NNPC) Limited has appointed Adesua Dozie and three others into top management positions, as part of an ongoing shake-up aimed at boosting efficiency and attracting …
LivingTrust Mortgage Bank Plc has secured an extension to file and publish its 2024 Audited Financial Statements. The bank received approval from the NGX Regulations Limited to submit and release …
The Nigeria Civil Aviation Authority (NCAA) has issued a strong warning to international airlines over the increasing number of complaints from passengers who are transported partway to their destinations only …
In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …
- DevelopmentGOVERNMENTInfrastructureInnovationTechnology
Nigeria advances geospatial technology for smart city development
Nigeria is making significant progress in geospatial technology to support smart cities and modern infrastructure development. The Surveyor-General of the Federation, Abdulganiyu Adebomehin, stated this during a one-day workshop on …