French agency funds 350KW solar power project in Lagos.

The French Development Agency through its financing arm in Nigeria has provided funding for a 350 kilowatts solar project at the Lagos Business School in Lagos State. It announced this in a statement issued in Abuja by the Sustainable Use of Natural…

Quantity surveyors seek collaboration with professionals.

The Association of Quantity Surveyors in Public Service says it is looking to strengthen collaborations with allied professionals in order to improve efficiency and effectiveness in its service to the public. The Zonal Director, AQSPS, Fausat Ajibade, stated this during a two-day…

Ukraine war: Russia becomes China’s biggest oil supplier

Russia has become China’s biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war. Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia…

10 million Nigerians engaged in fish production, says FG

The number of Nigerians engaged in primary and secondary fish production across the country is over 10 million, the Federal Government announced on Thursday. In his address at the Internal Coordination Meeting among departments of the African Union Commission in Abuja, the…

Finland expresses interest in Nigeria’s gas deposits.

Finland has expressed interest in taking advantage of Nigeria’s huge gas deposits, stating that it was looking for avenues to diversify its energy sources. This followed the decision of the European Union member countries to end their dependence on Russian gas and…

Subsidy overtakes health, education, welfare budgets, World Bank tells Nigeria.

The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians. It therefore said that removing fuel subsidy would help the government towards its poverty reduction scheme. The Washington-based…

Dollar rises by 21%, FX shortage persists after party primaries.

Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to…

More Nigerians will fall into extreme poverty – World Bank predicts.

The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty.According to a report obtained via a World Bank newsletter on Friday, titled, “Global Economic Prospects,” Russia’s invasion of Ukraine and its…

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