The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange crisis. The Chief Corporate Communications …

The Managing Director and Trade Commissioner of the Japan External Trade Organisation, Takeshi Oku, has stated that Nigeria is still a destination for Japanese investment despite the harsh business terrain. Speaking on the sidelines of the opening ceremony of the Lagos International Trade Fair on Friday, Oku said some Japanese companies have a long history in the Nigerian market, adding …

The Nigeria Football Federation (NFF) will pay the new Super Eagles head coach from its own purse, it has been revealed. According to a report in SCORENigeria, the Federal Government has made it very clear to the NFF it won’t pay the salaries of the new coach. “The Federal Government will not pay the new coach of the Super Eagles, …

The Agriculture and Rural Development Secretariat of the Federal Capital Territory Administration has vowed to take decisive action against the proliferation of illegal abattoirs in the FCT. The Mandate Secretary, Mr. Lawan Geidam, made this known when officials of the FCT Butchers Association visited him in Abuja. Geidam explained that the effort was to ensure adherence to minimum standards in …

The death toll in Gaza due to Israel’s ongoing bombardment has climbed to 4,137 since 7th October. The Palestinian health ministry disclosed this on Friday. The number of injured has risen to 13,300, ministry spokesman Ashraf Qudra told a news conference. Qudra added that over 1,000 others are missing. He also stated that at least 16 Palestinian Christians were among …

The Federal Road Safety Corps (FRSC) has dismissed reports that it is seeking the permission of the Federal Government to bear arms. The Assistant Corps Marshal and Corps Public Education Officer, Bisi Kazeem, on Sunday urged the general public to disregard the report. The Deputy Corps Marshal, Shehu Zaki, had on Saturday, said given the prevailing security challenges in the …