24th January, 2022

Lekki Seaport now 80% complete, to be commissioned 2022 – Official: The Minister of Transportation, Chibuike Amaechi, has urged contractors of the Lekki Deep Seaport Project to speed up work to enable the government approve all the necessary processes
FG signs rural areas’ power supply MoU with Bauchi, Sokoto: The Federal Government has signed a Memorandum of Understanding with Bauchi and Sokoto states to provide reliable power to unserved and underserved rural communities in the states
Ekiti earmarks N28.4bn for infrastructure in 2022: The Ogun State Internal Revenue Service has said it will block revenue leakages through collective efforts of Ministries, Departments and Agencies to achieve more than the N155bn revenue target for this year
Telecoms operators lose 14.68 million subscribers in one year – NCC report: The number of subscribers in the telecommunication sector fell by 14.68 million in the 12 months to November 2021, according to data from the Nigerian Communications Commission
New Edo Refinery, Energy Park for Inauguration in March: Duport Midstream Company Limited (DMCL) and First City Monument Bank (FCMB) Limited have revealed that the ongoing construction of Energy Park located in Egbokor, Orhionmwon Local Government Area (LGA), Edo State would be ready for inauguration by the end of March
Nigeria’s daily oil production falls below 1.2 million barrels: Crude oil production in Nigeria fell below 1.2 million barrels per day in December 2021 from 1.28 million bpd in the previous month, according to the Organization of the Petroleum Exporting Countries
FG’s January bonds oversubscribed by N175bn –DMO: The Federal Government’s bonds for January worth N150bn, which were auctioned on January 19, were oversubscribed by N175.24bn, the Debt Management Office has said
Inflation rate nudged upwards in December 2021: Headline inflation grew by 15.63% YoY in December 2021; 0.23% higher than 15.40% recorded in November 2021
IMF Proposes $50bn Trust Fund to Help Low-income Countries: As the COVID-19 pandemic continues to exert heavy strain on the global economy, the International Monetary Fund (IMF) is proposing a $50 billion trust fund which could help low-income and vulnerable middle-income countries to build resilience and sustainability