The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43% drop in cases of willful damage to its oil pipeline infrastructure by suspected oil thieves in May 2020. NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru highlights the Monthly Financial and Operations Report indicates 37 pipeline points were vandalized representing about 43 […]
The Federal Executive Council has approved the ratification of an air transport agreement between Nigeria and the United States. The bilateral deal is to strengthen economic, social and cultural ties between the two countries. The Minister of Aviation had sought council’s approval for ratification of the air transport agreement between USA and Nigeria. The […]
French Finance Minister Bruno Le Maire has announced that France will not ban China’s Huawei from investing in the country, in contrast to Britain which has decided to purge the firm’s equipment from its 5G network by 2027. Mr. Le Maire nevertheless condemned China’s alleged abuses against the country’s minority Muslim population, saying they were […]
Total loans by the Chinese government and affiliate agencies to Nigeria has hit about $3.1billion as it constitutes only about 3.94% of Nigeria’s total public debt of $79.3 billion as of March 31 this year. This is according to the Debt Management Office (DMO) The DMO said the clarification was necessary to show that […]