Nigeria’s oil revenue has totalled $340 billion in exports since the 1970s and it is the fifth largest producer. Unfortunately, it is also said by the World Bank that 70 percent of Nigerians lives on less than $1 a day, and 43% have no...

A subsidiary of Russia’s largest electricity generating company RusHydro is set to put out tenders for the rehabilitation of Kainji and Jebba hydropower stations. RusHydro is an investor in the two companies. The company confirmed that its finance partner Nigeria’s Mainstream Energy Solutions has agreed...

Minister of Power, Prof Chinedu Nebo says Federal Government had earmarked N752 billion for expansion of power transmission in the next five years and that more innovative approach would be adopted to fund the Transmission Company of Nigeria (TCN) by opening private sector investment...

As the federal government is committed towards ensuring that the country achieves the Millennium Development Goals (MDGs) by 2015, the Senior Special Assistant to the President on MDG, Precious Gbeneol, has appealed to beneficiaries to make judicious use of funds released to them for...

The Nigeria Export Import Bank (NEXIM) is working to develop the ECOWAS and other Africa regional markets as the traditional market for Nigerian exporters with the aim of providing a strong platform for the country’s exporters to venture into the more complex markets of...

The activities of the National Export and Import Bank, NEXIM and its impact on the Nigerian economy can never go unnoticed. The strides by NEXIM towards the achievement of the transformation agenda of President Goodluck Jonathan cannot be overlooked.  The leadership of the bank...