Monday, July 6, 2020
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Sub-Saharan Africa Faces Sharpest Economic Decline Since 1970’s – World Bank

By Mathew Dadiya, Abuja The World Bank in its latest Regional Economic Outlook for Sub-Saharan Africa, projected that the region may face sharpest economic decline since 1970’s experience.The report which was released on Thursday, showed that Real GDP is now forecast to contract by 3.2 percent, double the contraction predicted in

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FG Orders NERC, DisCos to Stop Electricity Tariff Hike

By Mathew Dadiya, Abuja The Federal Government has stopped the Nigerian Electricity Regulatory Commission (NERC) and its Distributing Companies (DisCos) from electricity tariff hike earlier planned to commence today. This was sequel to two separate meetings held yesterday by President Muhammadu Buhari and Vice President Yemi Osinbajo with the leadership of the

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China to Provide N1trn for AKK Gas Pipeline Project

By Mathew Dadiya, Abuja President Muhammadu Buhari, has flagged-off the construction of the 614km Ajaokuta-Kaduna-Kano (AKK) gas pipeline contract awarded at a cost of US$2.592 billion, an equivalent of N1 trillion. The Engineering, Procurement, Construction (EPC) contract for the project was awarded to Messrs. Oilserv Plc/China First Highway Engineering Company (Oilserv/CFHEC Consortium)

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