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The African Development Bank is ready to disburse $250 million into the Nigeria Electrification Project, Minister of Power, Adebayo Adelabu, said on Thursday. The NEP seeks to bridge the energy access deficit by providing electricity to households, MSMEs, and educational and healthcare facilities in unserved and underserved rural communities. Adelabu …

THERE are indications that exchange rate crises that trailed the foreign exchange market reforms in June 2023 may linger further as supply gap led to further depreciation of Naira in the parallel market yesterday to N930/ $1, down from N925 mid last week. However, the exchange rate improved week-on-week in …

President Bola Tinubu yesterday, directed the Central Bank of Nigeria, CBN, to create a platform for quarterly reconciliatory meetings with foreign airlines to address the backlog of trapped funds in excess of $600 million. This came as leading aircraft manufacturer, Airbus Industrie, on the sidelines of the summit, predicted that …

Chairman of Oorelope Local Government, Mr. Akeem Adepoju Raheem, has congratulated Governor Seyi Makinde over the celebration of 100 days in office. Raheem in a statement made available to newsmen on Tuesday said sons and daughters of Oke Ogun will forever be grateful to the Governor. He said the Governor …