October 2019

The United Nations Industrial Development Organisation (UNIDO), one of the agencies of the United Nations, has said it would invest $60 million in Nigeria to aid growth. This was disclosed in a statement issued in Abuja on…

On Wednesday, Governor Babajide Sanwo-Olu witnessed the signing of four agreements with China Development Bank (CDB), including $629 million financing facility, to accelerate the completion of the Lekki Deep Seaport project, which started in 2011. The loan…

Thursday 24th October, 2019 – The World Bank’s 2020 Doing Business Index (DBI) has ranked Nigeria 131 out of 190 countries, up 15 places from 146 position last year. The report, which was released on October 24,…

The Nigerian National Petroleum Corporation has engaged Russian firms and the state company to rehabilitate Nigeria’s four refineries. The NNPC’s Group Managing Director, Mele Kyari, who disclosed this in a message he retweeted on Wednesday, also stated…

The federal government has said that time has come for the country to reverse its $8billion dollar vehicle imports annually by providing a legal framework for the nation’s auto policy. The government said this would not only…

The Federal Executive Council (FEC) has approved N1.7 billion for the procurement and installation of communications equipment at the Zaria and Katsina airports. Minister of Aviation, Hadi Sirika told reporters yesterday in Abuja that the tools were…

Nigeria on Wednesday signed a Memorandum of Understanding with Russia for the modernisation and development of Nigeria’s railway infrastructure. Both countries signed the MoU at the ongoing Russia, Africa Economic Forum in Sochi, Russia. A statement by…

An indigenous firm has commenced the production of pencils in the country using old newspapers. Minister of Science and Technology, Dr. Ogbonnaya Onu said the firm has capacity to produce 2.4million dozens of pencils per annum which…

PetroNor oil Exploration and Production (E&P) company has concluded plans purchase Panoro Energy’s stake in the Aje oil and gas field off Nigeria, as part of a bigger strategy to expand its acreage in Africa. Oslo-listed, the…

A firm, Adcelerate Limited, on Tuesday, disclosed that arrangement has reached a climax to invest about $15 million in first luxury yatch cruise on Jabi Lake, which would directly create over 10, 000 jobs in the Federal…