The Federal Executive Council has approved the release of a N30 billion intervention fund for mining sector development. The Minister of Mines and Steel, Kayode Fayemi, disclosed that the sum was a fulfillment of President Buhari’s campaign promises when he pledged determination to diversify from...

U.S. conglomerate, General Electric (GE), has confirmed that it has a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion. President Muhammadu Buhari had during his independence broadcast to the nation disclosed that GE would be investing $2.2 billion in a...

A United States’ industrial firm, General Electric has announced its plans to invest about $150m (N45.8bn) in Nigeria by 2017. “There are development projects where we are investing,” the Chief Executive Officer, General Electric in Africa, Jay Ireland, told the Financial Times Africa Summit in...

The Federal Government is planning to sell at least five per cent of its shares in the Nigeria Liquefied Natural Gas company. Impeccable sources in the Presidency told the Punch that the move had become necessary as part of efforts to revive the ailing economy. A...