The Federal Executive Council (FEC) yesterday approved the signing of a $100 million (equivalent N16 billion) loan agreement with Indian Import-Export Bank to boost power supply in Cross River, Enugu and Kaduna states. Briefing journalists after the FEC meeting which...

The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little or no transparency...

The federal, states and local governments in Nigeria will share the sum of N568.413bn as revenue distributable for the month of October 2013. This was disclosed by the Minister of State for Finance, Dr Yerima Lawal Ngama, at the monthly...

The founder of Heirs Holdings, Mr. Tony Elumelu has stressed the need for investors across the world to take advantage of the opportunities in Africa. Elumelu, a former chief executive officer of the United Bank for Africa Plc, spoke on...

The Nigeria’s parliament is the most effective when it comes to dealing with the issues of the Millennium Development Goalss and its implementation across the country, Sen. Barnabas Gemade has said. The former National Chairman of the People’s Democratic Party...

The World Bank will, in the next three years, spend about $1.4bn on the nation’s power industry, especially on transmission infrastructure. The World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, stated this in an interview with our correspondent on the...