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Saturday, April 20, 2019

CBN Governor: The Legal Implication of Suspension

On the 20th February, 2014, President Goodluck Jonathan suspended Mallam Sanusi Lamido Sanusi as the Governor of Central Bank of Nigeria. The Presidency premised...

FG begins inspection of local automobile assembly plants

... Says new policy has attracted more investors into Nigeria  The Federal Government has commenced onsite inspection of local automotive assembly plants across the country...

‘Private sector needs N960bn to invest in power’

“Huge amount is required to invest in the power sector and the financial institutions are needed to finance some of these projects. The private...

Dangote Mulls Acquiring Oil Fields

By Chris Kay DangoteGroup, controlled by Africa’s richest man AlikoDangote, is considering the purchase of Nigerian oilfields as international companies plan to sell onshore assets in the continent’s top...

Pipeline investments in power sector hits $50bn

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in...

FG moves to revitalise Nigeria’s iron, steel sector

…engages stakeholders on Backward Integration Policy  The Federal Government has said that it has concluded plans to develop and implement a comprehensive Backward Integration Policy...

Dangote to revive local rice production with N50b

Nigeria’s foremost conglomerate, Dangote Industries Limited, will invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation...

Nigeria’s cement industry attracts $8billion new investments

 ...new textile policy out soon   Nigeria’s cement industry has attracted additional investment worth $8 billion, driven largely by the implementation of the Federal Government’s Backward...

Nigeria to Export Processed Raw Materials

Olusegun Aganga, the minister for industry, trade and investment, says the Federal Government’s main focus in 2014 was to process the country’s agriculture raw...

Home Made Nigeria Cars For N1.2m

The National Automotive Council (NAC) says Nigerians would soon be able to purchase brand new made in Nigeria cars for as low as N1.2...

IITA grows “Seed Yams In The Air”

Researchers at the International Institute of Tropical Agriculture (IITA) have successfully grown seed yams in the air using aeroponics technology, raising hopes and more...

New Investor Emerges For Union Dicon Salt

Union Dicon Salt (UDS) Plc has announced that a new core investor, CBO Capital Partners with a turnaround management contract, has become a significant...

AMCON Declares N823b Loss

Asset Management Corporation of Nigeria (AMCON) recorded a loss of N823 billion in the 2012 financial year.   The corporation's Executive Director, Finance, Mrs Mofoluke Dosunmu...

FG To Conclude Sale Of Coal Corp

An ad-hoc committee to review and make recommendations to the National Council on Privatization on the resolution of all outstanding issues that had delayed...

Manufacturers Seek Single Digit Interest On Loans

Chairman of the Manufacturers Association of Nigeria (MAN), Ogun State, Dr. Dolapo B. A. Ogutuga (MON), has said that a major challenge facing manufacturers...

Banks get N5.7tr CBN loan to boost liquidity

The Central Bank of Nigeria (CBN) has lent banks and discount houses N5.74 trillion to boost liquidity. The figure is an increase of 124.4...

Banks disbursed N109bn to 20 power firms –CBN

Eleven Deposit Money Banks had so far disbursed the sum of N109.3bn to 20 companies from the N300bn Power and Airlines Intervention Fund provided...

Lagos Targets N20bn Monthly Internally Generated Revenue

The Lagos State Government has disclosed that its target is to raise its monthly Internally Generated Revenue (IGR) from N18 billion to N20 billion. The...

BPE Plans Regulatory Framework For Social Media

Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki has revealed that in line with its reform mandate, the Bureau...

Nigeria Ranks 4th In Global Oil Supply Outages

With more than 200,000 barrels per day (bpd) of crude oil being lost to pipeline vandalism, crude oil theft and spills, Nigeria ranks fourth...