FG Releases N460bn Capital Expenditure – Udoma
The Federal Government has released N460 billion out of the N2.1 trillion capital expenditure for 2018, the Minister of Budget and National Planning, Udo Udoma has said.
Speaking yesterday on the side lines of the Annual Meetings of the...
AfDB Advocates Bridging Of Africa’s Capital, Bankable Projects
The Africa Development Bank (AfDB) says there is the need to bridge the gap between Africa’s available capital and bankable projects since it requires between 600 and billion dollars annually for development.
AfDB’s “African Economic Outlook 2018’’, financing...
LASACO Issues 40bn Fresh Capital, Seeks Shareholders Approval
The Board of Directors of LASACO Assurance Plc is seeking the approval of shareholders to raise additional capital by issuing of 40 billion ordinary shares of 50 kobo each by way of public offering, private placement or...
To Boost Profitability, Lafarge Africa Injects N90bn Fresh Capital
The board of Lafarge Africa Plc has approved the extension of existing shareholder loan of $315 million and a new Right Issue of up to N90 billion as part of efforts to reduce the company’s leverage...
Nigeria Air Needs $300m Initial Capital — FG
The new national airline, Nigeria Air, will require initial capital of between $150m and $300m, and the Federal Government is seeking a strategic partner to operate the carrier, according to a document seen by Reuters on Thursday.
The...
NERC Scrutinises Discos’ Capital Spends Before Tariff Review
The Nigerian Electricity Regulatory Commission (NERC) would be taking a deeper look at how the 11 electricity distribution companies (Discos) have utilised the capital expenditure allowed for them in their respective existing tariffs before agreeing to sign...
