Buhari inaugurates 106km Section 3 Kano – Maiduguri road
President Muhammadu Buhari on Thursday inaugurated the 106.341 kilometer Kano – Maiduguri Road, Section 3 Azare – Potiskum linking Bauchi and Yobe States. The News Agency of Nigeria (NAN) reports that the President inaugurated the completed Section 3 of the giant road project in Azare, Headquarters of Katatagum Local Government Area of Bauchi State. Buhari, […]
BUA Foods consolidate, to list on stock exchange soon
By Peter Egwuatu BUA Group has consolidated its food conglomerates and has commenced the process of taking the Company to the stock market for listing by introduction. The Chairman of BUA Group, Alhaji Abdul Samad Rabiu, yesterday, disclosed this during an interview shortly after the formal launch of the newly consolidated BUA Foods Plc, stating, “Nigerian […]
Omicron: Sanwo-Olu suspends planned EndSARS peace walk
Lagos State Governor, Babajide Sanwo-Olu, has suspended the proposed walk for peace rally due to the discovery of the Omicron variant pandemic in Nigeria.
UTM, Afreximbank sign $5bn MoU for Nigeria’s first floating LNG
Nigeria’s marine and services group, UTM Offshore Limited, and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $5 billion for the development of Nigeria’s first floating liquefied natural gas (FLNG) project. The deal that is in two parts would see the continental bank raising $2 billion to support the first phase […]
Construction sector defaults trigger rise in banks’ bad loans — CBN
Bad loans rise 13.6% to N2.76trn •Non-performing loan ratio exceeds CBN benchmark By Babajide Komolafe The banking industry recorded a 13.6 per cent, month-on-month, MoM, increase in bad loans to N2.76 trillion in August, 2021, a development attributed to rising loan defaults in the construction sector. READ ALSOReps probe NYSC refusal to reopen Maiduguri orientation camp […]
Omicron variant: Sanwo-Olu suspends planned EndSARS walk for peace rally
Says let’s pivot to work for peace By Olasunkanmi Akoni Lagos State Governor, Babajide Sanwo-Olu, has suspended the proposed walk for peace rally due to discovery of Omicron variant pandemic in Nigeria. Sanwo-Olu, announced the suspension in a statement he personally signed on Thursday, The statement read in part: ‘Since my last address to you, […]
