Qatar To Invest $5bn In Nigeria - Onyeama The oil-rich state of Qatar is to invest $5 billion in the Nigerian economy, the Foreign Affairs Minister, Chief Godfrey Onyeama, has said. Onyeama, at a farewell dinner on Sunday in honour of Nigeria’s Ambassador-designate to the State...

Lagos Free Zone Targets Additional $5bn Investment       The Lagos Free Zone, which already has a committed investment of $2bn, is poised to attract an additional $5bn over the next four years. This was disclosed by the Chief Executive Officer, LFZ, Dinesh Rathi, at the corporate headquarters...

Climate Change: W/Bank Plans $5bn Investment In Africa         The World Bank plans to invest over $5bn over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to...

Domestic Refining’ll Annually Save Nigeria $5bn – Waltersmith       Waltersmith Group, an indigenous oil and gas firm, has said Nigeria can save up to $5bn annually by building domestic refining capacity. The company, whose 5,000-barrels-per-day modular refinery in Imo State was inaugurated on Tuesday, also said domestic...

Western Firms Planning $5bn Investment In Power Sector       A consortium of Western investors has presented their plan to invest over $5bn in Nigeria’s power sector, the Federal Government has said. According to information obtained from the Office of the Minister of Power in Abuja on Sunday,...

Forex Shortage To Hit $5bn In Nigerian Banks – Moody’s   Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and lower remittances amid coronavirus pandemic, Moody’s Investors Service said on Wednesday. Moody’s, in its July 2020...