UN to Support Nigeria with Over $250 Million

The Federal Government has welcomed and appraised the initiative of the United Nations (UN) to support Nigeria’s COVID-19 economic recovery efforts with a pledge of $250 million Plus Offer against the COVID-19 pandemic. Yemi Osinbajo, Vice President of Nigeria, while speaking in recognition of the UN’s plus offer stated that the support package aligns with…

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Electricity

Electricity: AEDC Budgets N23BN on Installation of 900,000 Free Meters

The Abuja Electricity Distribution Company (AEDC) has finalised arrangements put in place to install about 900,000 free meters for customers under its area of jurisdictional boundaries, in the next eighteen months. Engr. Ernest Mupwaya, Managing Director of AEDC, revealed that the meters being delivered under the National Mass Metering Program (NMMP) will commence the installation…

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Naira Declines in Parallel Market

Data from daily exchange rate platforms disclosed that the Naira has weakened against the US dollar on Wednesday at the parallel market. The rate presently closes at N464, 0.23% lower than the previous exchange rate of N463. It had, however, increased to 7.8% at the forex market within a week in September due to the…

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Lekki-Epe Expressway Reconstruction Good for Lagos Economy

Mr. Tokunbo Abiru, candidate of the All Progressives Congress (APC) for senatorial bye-election in Lagos East, disclosed that the Eti-Osa-Lekki-Epe expressway reconstruction project will have beneficial impact on Lagos economy. Abiru, who was previously an Executive Director in First Bank and immediate past CEO of Polaris Bank, praised the Lagos State Government for launching the…

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