The Nigeria Sovereign Investment Authority (NSIA) ye signed a total of $700 million-agreement with Old Mutual Investment Group (OMIG) South Africa, and UFF Agri-Fund for the establishment of real estate and agriculture co-investment vehicles, with massive direct investments expected...

The nation’s fragile economy faces another crisis as the Nigerian Ports Authority (NPA) is restraining the berthing of ships contracted by the Nigerian National Petroleum Corporation (NNPC) for non-payment of N5 billion debt. This is coming just as Nigerians are...

There are indications that the Federal Government may soon probe an alleged release of N9bn for the resettlement of displaced indigenes of Bakassi in Cross River State between 2006 and 2015. A Senior Special Assistant to President Muhammadu Buhari on...

Determined to spur a transformation of the railway infrastructure in the country, the Federal Government is proceeding with the concessioning of the eastern and western lines of the Nigeria Railways with the inauguration of a Steering Committee to get...

Six electricity power generation companies across the country have concluded plans to declare force majeure over a N140 billion debt for power generated and not paid for, Daily Sun learnt. Force majeure is a contractual and legal announcement, which is...

Seafarers in the employ of the Nigerian Liquefied Natural Gas Ship Management Limited, a subsidiary of the Nigeria LNG Limited, will from September 1 receive half of their current salaries. The decision is said to be in response to the...