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Tag: $3.5 Billion

NSIA Assets Grew By 250% To $3.5bn In Six Years – Finance Minister

NSIA Assets Grew By 250% To $3.5bn In Six Years - Finance Minister       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the assets of the Nigeria Sovereign Investment Authority (NSIA) increased from $1 billion in 2015, to $3.5 billion in...

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud – Okonjo-Iweala

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud - Okonjo-Iweala     Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday gave an account of how she superintended over saving Nigeria a cumulative of $3.5 billion by cleaning up the country’s pension and subsidy...

AfDB, Japan Earmarks $3.5bn For Nigeria, Others

AfDB, Japan Earmarks $3.5bn For Nigeria, Others   Japan and the African Development Bank have announced a joint target of $3.5bn under the Enhanced Private Sector Assistance for Africa initiative. Both Japan and the AfDB have set a target of $1.75bn each, from 2020-2022, to enhance the...

FG Targets $3.5bn Investments In Gas Flaring

FG Targets $3.5bn Investments In Gas Flaring   The Federal Government is targeting to attract $3.5bn worth of investments into the country through the Nigerian Gas Flare Commercialisation Programme and has issued letters of qualification to 205 firms that are interested in the NGFCP. It was gathered...

CBN Plans Fresh Banks’ Recapitalisation As Capital Base Weakens By $3.5bn

CBN Plans Fresh Banks’ Recapitalisation As Capital Base Weakens By $3.5bn The depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now has cut the value of the capital of each Deposit Money Bank by about $175m. The recapitalisation of...

N’Assembly Unfair To NNPC Over Alleged $3.5bn Diversion – Baru

N'Assembly Unfair To NNPC Over Alleged $3.5bn Diversion - Baru   The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Thursday said that the National Assembly was unfair to the NNPC regarding the lawmakers’ position that the oil firm violated processes while...