The $1.1 billion port rehabilitation project announced by the Nigerian Ports Authority (NPA) five months ago received a major boost on Wednesday with the signing of a $700 million facility agreement with Citibank. Speaking during the signing of a mandate letter with Citibank Nigeria in Lagos, the Managing Director ofContinue Reading
BY GODWIN OBI The $1.1 billion port rehabilitation project announced by the Nigerian Ports Authority (NPA) five months ago received a major boost on Wednesday with the signing of a $700 million facility agreement with Citibank. Speaking during the signing of a mandate letter with Citibank Nigeria in Lagos, theContinue Reading
BY GODWIN OBI The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country is not using its foreign reserves to defend the naira. He stated this on Wednesday in Washington DC where he is attending the International Monetary Fund-World Bank Spring Meetings. Cardoso said $600m cameContinue Reading
BY GODWIN OBI Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC), against the immediate past Governor of Kogi State, Yahaya Bello, to April 23, 2024. The adjournment is for substituted service and possible arraignment of BelloContinue Reading