Telecoms Investment Surpasses $70bn In A Year - Danbatta The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has put the value of the contribution of the telecoms sector to the country’s Gross Domestic Product (GDP) at over $70 billion. Danbatta,...

Uncertainties, Political Tensions May Cripple Investment In Nigeria’s Oil Sector Stakeholders in the oil and gas, and investment sectors have said growing socio-economic uncertainties and political instability could further quash inflow of investment into the country.The experts, who reacted to the declining level of investment...

Discos: We Cannot Recover N72bn Investment In Our Networks The electricity distribution companies (Discos) in Nigeria’s power sector have cautioned the federal government against unilaterally investing N72 billion to upgrade their distribution networks, stating that they may not be able to recover it from the...

Discos: FG Appoints TCN To Manage N72bn Planned Investment   The federal government has appointed the Transmission Company of Nigeria (TCN) to manage the N72 billion investments it plans to sink into the 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure and networks. TCN has...

Presco Investment In Rubber To Boost Forex Earnings ...Shareholders Okay Firm’s N2b Total Dividend Presco Plc has said its new investment in rubber will attract foreign exchange (forex) earnings into Nigeria, and boost business expansion. The Managing Director, Presco, Felix Nwabuko, in an interview with The Guardian...

World Bank Investments In Nigeria Hikes To $8.52bn   Nigeria’s liabilities to the World Bank Group now stands at $8.52bn, investigation has shown. Statistics obtained from the Debt Management Office in Abuja on Wednesday showed that the group’s portfolio rose from $5.73bn as of March 31, 2015...