April 13, 2021
  • April 13, 2021

Articles Posted by Editor

Govt revenue drops by N443.75bn in seven months

by on September 15, 2013 0

  The Federal Government recorded a revenue shortfall of N443.75bn within the first seven months of this year, an analysis of the country’s income profile has revealed. Investigations by our correspondent on Friday showed the federally collected revenue accruing to the Federation Account had continued to experience a sharp drop in spite of government’s efforts […]

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Dangote’s inroad into refinery business -Punch Editorial

by on September 15, 2013 0

NIGERIA’S leading business magnate, Aliko Dangote, early this month signed a $3.3 billion loan agreement with a consortium of 12 local and foreign banks to finance the construction of an oil refinery and a petrochemical-cum-fertiliser plant. The project, the biggest of such investment in the country, will gulp a total of $9 billion. This is […]

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South Africa expected to keep rates on hold until 2014

by on September 13, 2013 0

  South African interest rates will stay put at 5 percent until at least the second quarter of next year, when the central bank will likely begin a tightening cycle, a Reuters poll showed on Friday.    The repurchase rate in Africa’s largest economy, at which the South African Reserve Bank (SARB) lends to commercial […]

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Ghana plans LNG power project to generate 1,500MW by 2016

by on September 11, 2013 0

  Ghana plans to build a floating liquefied natural gas (LNG) terminal off its Atlantic Ocean coast to receive imported gas that would be used to produce up to 1,500 megawatts of electricity by 2016, a senior energy official said on Wednesday.    The second-largest gold producer in Africa that is also ranked No. 2 […]

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