Tag: Business

President Buhari vows to reposition Nigeria’s economy
President Buhari vows to reposition Nigeria’s economy

President Muhammadu Buhari says his administration is working hard to reposition the Nigerian economy as one of the best in the world. President Buhari made this known during the fourteenth Annual Banking and Financial Conference in Abuja. The President said the Covid-19 pandemic has offered Nigeria an opportunity to benefit from other emerging sectors, like the digital…

Buhari hails NNPC’S N287B profit in 44 years
Buhari hails NNPC’S N287B profit in 44 years

President Muhammadu Buhari has praised the management and board of the Nigerian National Petroleum Corporation for declaring a profit for the first time in forty-four years. In its annual audited report for year 2020, the NNPC declared a profit after tax of two hundred and eighty-seven billion naira. President Buhari said the record is in line with…

Federal Government borrows $2.5B for Lagos-Ibadan Rail Project
Federal Government borrows $2.5B for Lagos-Ibadan Rail Project

The Federal Government has borrowed two point five billion US dollars to fund the construction of the Lagos-Ibadan railway. This was made known by the Minister of Transportation, Rotimi Amaechi, during a television interview last night. Amaechi further said that by the time the railway project is completed, government would have spent up to two point six…

President Buhari launches ‘Decade Of Gas In Nigeria’ 
President Buhari launches ‘Decade Of Gas In Nigeria’ 

President Muhammadu Buhari has declared that full utilization of Nigeria’s gas resources has the capacity to uplift the nation’s economy. President Buhari made the declaration at the launch of the “The Decade of Gas in Nigeria”, which is to achieve a gas-powered economy by 2030. The launch was done alongside the opening of a conference in Abuja,…

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