Textile Industry To Receive N610bn Investment The Nigerian cotton industry will soon receive an investment of $2bn (N610bn) that will enable the country to create its first ever cotton value chain sector. Already, a Memorandum of Understanding has been signed between the Ministry of Industry, Trade...

Infrastructure : FG, Japan Sign MoU On Investment   The federal government and its Japanese counterpart have signed a Memorandum of Understanding (MoU) to promote quality infrastructure investment between both countries. The Minister of Transportation, Chibuike Rotimi Amaechi signed the MoU on behalf of government with Japan’s...

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...