Investment Announcement Worth $15.15bn Recorded In Q1 - NIPC
The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, has disclosed that total investment announcements for the first quarter of 2019 stood at about $15.15 billion.
But, the amount was 67 per cent lower...
AfCFTA: AU,AfDB Sign $4.8m Grant
The African Development Bank Group has signed a $4.8m institutional support grant to the African Union for implementation of the African Continental Free Trade Area agreement.
The grant, approved by the Group’s Board of Directors in April, forms part of a...
Over N500bn Stuck In Unresolved Federal Audit Reports
About N500bn has not been properly accounted for in the previous years’ report of the Auditor-General of the Federation, submitted to the National Assembly (NASS), due to a lack of enabling laws to compel and sanction Ministries,...
Power Transmission Still Weak Despite TCN’s $1.63bn Intervention
The transmission of electricity across the country is still weak despite the interventions and claim by the Transmission Company of Nigeria that it currently has capacity to wheel over 8,000 megawatts of power, the Association of Power...
AMCON Takes Over Firm’s Assets Over N3.6bn Debt
The Asset Management Corporation of Nigeria has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State.
This follows an order by Justice B.F.M....
FG Injects N14bn Into Mineral Exploration
The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, has said government has invested about N14 billion in mineral exploration across the country.
Dr Muazu spoke at a stakeholders’ workshop of the National Integrated Minerals Exploration...
