Reps Investigate $1bn Spent On FADAMA, Other Agric Projects   The House of Representatives has begun investigation of funds donated by international organisations to finance projects in the agriculture sector amounting to over $1bn. The probe by the House followed the adoption of a motion moved by...

Buhari Canvasses $1bn Recapitalisation Of African Energy Corporation   Nigeria’s President, Muhammadu Buhari, on Thursday charged the Council of Ministers of African Petroleum Producers’ Organisation to support the recapitalisation of the African Energy Investment Corporation to $1bn. Buhari, who spoke at the extraordinary session of the council...

In 2017, Nigeria Flared Gas Worth $1bn, 3000MW - Sylva   The Minister of State for Petroleum Resources, Mr. Timipre Sylva has disclosed that Nigeria flared about 324 billion cubic feet (bcf) of natural gas in 2017. Sylva, who said this at the recent 9th annual gas...

Local Telecoms Operators Risk losing $1bn Fibre Cable Market   The submarine cable system operators in Nigeria and the rest of Africa risk losing the region’s $1bn markets to foreign players if they failed to unite against the operations of the Over The Top (OTT) firms...

Adesina: AfDB Invested $1bn On African SMEs, Others The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure in Africa, president of the bank, Dr Akinwunmi Adesina, has said. Dr Adesina disclosed this on Monday in Malabo, Equatorial Guinea,...

Nigeria Spends $1bn Yearly On Fish Importation   The Director of Nigerian Institute for Oceanography and Marine Research Lagos, Dr. Adekunle Oresegun, has disclosed that Nigeria spends about $1bn annually on the importation of fish. He stated this in Abakaliki during a four-day vocational training and empowerment...