Chinese Company To Invest In Major Projects In Nigeria A leading Chinese green industry company, Elion Resources Group, has signed a Memorandum of Understanding (MoU) in Nigeria as part of its exploration of investment opportunities in the country in the areas desertification control, agriculture and...

Banks Release N77.4bn For Agric Projects The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has facilitated the release of a total of N77.4bn from the Deposit Money Banks into agribusiness in Nigeria. The Managing Director, NIRSAL, Aliyu Abdulhameed, gave the figure on Wednesday in Abuja...

Why N16.6bn Power Surveillance Projects Failed To Improve Grid The Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed said three attempts for a Supervisory Control and Data Acquisition (SCADA) to monitor electricity grid have failed, with one project costing $46...

Oil Reserves: Delay In Deepwater Projects Threatens Target   The lack of final investment decisions on seven offshore deepwater oilfield projects in the country poses a threat to the country’s target of 40 billion barrels of crude oil reserves by 2020. The nation’s crude oil reserves fell...

Fashola Expending Taxpayers’ Funds On Unwarranted Projects – Discos   The confrontation between the power distribution companies and the Minister of Power, Works and Housing, Babatunde Fashola, continued on Sunday, with the Discos firing back at the minister, accusing him of expending taxpayers’ money on unwarranted...

We've Spent $300m On Community Projects In Nigeria - World Bank The World Bank says it has spent $300 million out of the $415 million earmarked to support Community and Social Development Projects (CSDP) across 30 states of the federation and the FCT. Prof. Foluso Okunmadewa,...