Business news
Amaka Obiefuna. The Board of Directors of African Development Bank (AfDB) has approved over 600 million dollars for three projects in Nigeria to enhance development and efficiency in the country. The Nigeria Country Office of the Bank made this disclosure in the January edition of its newsletter in Abuja on Tuesday. The bank stated that 250 […]
Fidelia Okafor. Oil prices rose more than one per cent on Tuesday after news that the world’s top producers cut production in January more than forecasters had expected just as the dollar sank. Oil prices rose on Tuesday on a weak U.S. dollar and news that the world’s top producers cut production this month more than […]
Fidelia Okafor. Minister of State for Mines and Steel, Mr Abubakar Bwari, says said revival of Ajaokuta Steel Company would save about 5 billion dollars annually for the country. He said that the amount was usually spent annually on the importation of equipment for railway expansion and maintenance. Bwari stated this during the 2016 budget […]