Nigerian Billionaire Abdulsamad Rabiu Rejects APC Finance Committee Nomination

Abdulsamad Rabiu, the influential chairman of BUA Group and a close ally of President Bola Tinubu, has declined the nomination to serve on the finance committee established by the ruling All Progressives Congress (APC). The decision was communicated through a statement released by Bua Group on Friday. The billionaire industrialist emphasized his preference for an…

Read More

Nigeria And Germany Sign Electricity Agreement To Boost Supply In Nigeria

Nigeria and Germany have signed the Presidential Power Initiative agreement to improve electricity supply in Africa’s most populous nation. This was disclosed in a statement by the Special Adviser to the President, Ajuri Ngelale, saying the signing was presided over by President Bola Tinubu and the German Chancellor Olaf Scholz in Dubai, United Arab Emirates,…

Read More

Nigerians Seek Immediate Impact On Daily Lives, Not Budget Figures – Rewane Tells FG

Renowned economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane asserts that Nigerians are indifferent to budgetary figures unless there’s a tangible reduction in the prices of essential commodities like rice, bread, and garri. During a live appearance on Channels Television’s Business Morning show, Rewane emphasized the disconnect between budgetary arithmetic and the…

Read More

Nigeria’s External Debt Profile Sets to Hit Over $51.759bn

Following the latest move by President Bola Tinubu to borrow an additional $8.6 billion and €100 million foreign loans, Nigeria’s external debt profile will hit over $51.759 billion. The President’s request is part of the external borrowing plan for 2022-2024 for critical infrastructure, such as power, roads, water, railways, and health. The country’s external debt…

Read More