Day: August 9, 2020

China, Nigeria Seal $5.57bn Loan Agreements under Eight Years

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$3.313bn disbursed, 3.121 currently outstanding TI, CISLAC seek end to wastage by MDAs Amid fiscal pressure that threatened its capacity to fund capital projects, the federal government sealed $5.575 billion loan agreements with the Export–Import Bank of China between December 10, 2010 and May 29, 2018, a Debt Management Office (DMO) document has revealed. With …

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NNPC Signs Pact with Partners to Resolve OML 130 Dispute

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…Resolution Will Immediately Unlock about $510million of Gas Revenue In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and $510million in the long run for the Federation, the Nigerian National Petroleum Corporation (NNPC) …

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OBASANJO RUBBISHES LATE SENATOR KASHAMU’S CHARACTER

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CALLS HIM A FUGITIVE WHO COULDN’T ESCAPE DEATH Former President Olusegun Obasanjo, has snubbed the old African dictum of not “saying ill about the dead” as he yesterday, rubbished the character of late Senator Buruji Kashamu. Senator Kashamu died from COVID-19complications at a Lagos hospital on Saturday. In a condolence letter to Dapo Abiodun, governor of Ogun State, Obasanjo said the life of the deceased is a …

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