Nigeria approves €15.21m Euro counterpart funding for Siemens power deal
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Nigeria approves €15.21m Euro counterpart funding for Siemens power deal

Nigeria’s Federal Executive Council has approved the payment of €15.21m Euro (offshore) and N1.7bn (onshore) counterpart funding for its power deal with German energy company, Siemens AG. The deal was a result of a meeting between Nigeria’s President Muhammadu Buhari and German Chancellor, Angela Merkel in 2018, which culminated in the signing of a letter of…

Courier service fees put millions of Nigeria’s SMES at risk
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Courier service fees put millions of Nigeria’s SMES at risk

Nigerians are up in arms on social media criticising a new government policy which would see small and medium scale businesses which use courier services paying $645 to obtain a licence and $258 for renewal According to the Nigeria Postal Service which oversees this new revenue drive, international courier and logistics services are expected to…