NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity

By Johnbosco Agbakwuru ABUJA — THE National Economic Council, NEC, has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new US$4.5 billion facility, named Project Gazelle 2. The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an […]
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Future of Nigeria’s auto industry depends on strong local content production not importation, says ALCMAN

By Theodore Opara Chairman of the Automotive Local Components Manufacturers Association of Nigeria, ALCMAN, Chief Anselm Ilekuba, has called on the Federal Government to strengthen policies that promote local content and deepen collaboration with indigenous manufacturers as part of efforts to transform Nigeria into a leading automotive manufacturing hub in Africa. Speaking at the 3rd […]

Salako-Oyedele, Sowunmi-Kolapo advocate unity among Muslim women

Ogun State Deputy Governor, Engr. Noimot Salako-Oyedele, and the Deputy governorship candidate of the People’s Democratic Party (PDP), Alhaja (Chief) Dr. Lateefah Sowunmi-Kolapo, have called on Muslim women to embrace unity, strengthen family values and intensify community service as key drivers of sustainable development in Egbaland.

Brazil’s new Consul General in Lagos pledges stronger trade, cultural ties with Nigeria

By Nkiruka Nnorom The Ag. Consul General of Brazil in Lagos, Ronaldo Viera, has pledged to deepen commercial, cultural and educational relations between Brazil and Nigeria, saying the consulate would focus on practical partnerships that move beyond official agreements. Speaking at a reception organised to welcome him to the Consulate in Lagos, Viera said his […]

Stakeholders call for dedicated Lagos agency to protect elderly, strengthen social welfare

By Ebunoluwa SessouStakeholders advocating for the rights and welfare of older persons have called on the Lagos State Government to establish a dedicated agency or ministry for elderly affairs and mainstream ageing issues into planning, budgeting and service delivery across all Ministries, Departments and Agencies,MDAs. The call was made during the presentation of a baseline […]

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