FG Renews 25 Oil Block Licenses, Earns $1 Billion   Nigeria has renewed 25 oil block licenses with a total earning of $1 billion in the last one year. Data made available to Daily Trust yesterday by the regulatory agency - Department of Petroleum Resources (DPR) -...

German Firms Employ 10,000 Nigerians, Generate $1bn Annual Turnover   The Head, Delegation of German Industry and Commerce in Nigeria (DGIC), Dr. Marc Lucassen has said German companies operating in Nigeria currently generate an annual turnover of $1 billion He also disclosed that efforts were being made...

Region Industrialisation: Afreximbank, Others To Mobilise $1bn   The African Export-Import Bank (Afreximbank), Finance Center for South-South Cooperation (FCSSC) and Made-in-Africa Initiative (MIAI) have kicked off a joint effort to mobilise $1billion in equity fund. The move is aimed at channelling foreign direct investment from developing (South)...

FG, World Bank In Discussion For $1bn Power Loan   The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power Sector Recovery Programme. It was gathered that the loan was currently being prepared...

$1bn Security Fund: Reps Probe Excess Crude Account The House of Representatives yesterday mandated its finance committee to ascertain the status of the Excess Crude Account (ECA) in view of the recent decision of the National Economic Council to contribute $1 billion for the fight...

Ekiti, Rivers Demand Share Of $1 billion Insurgency Fund The controversy on the Federal Government’s plan to spend $1 billion to combat terrorism in the country took a new twist as Rivers State Governor Nyesom Wike, his Ekiti counterpart Ayodele Fayose and Bayelsa Governor Seriake...