Nigeria has applied for a $3 billion loan at the World Bank for the expansion of transmission and distribution networks confirmed the minister of finance, budget and national planning, Hajiya Zainab Ahmed. According to Ahmed, the West…
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Two agencies of Lagos State Government and four firms have announced a partnership towards the construction of five innovation centres across the state, saying the initiatives were designed to ensure capacity building, competitiveness and ecosystem among start-ups…
Nigerian automobile trading platform, Cars45, has begun its international expansion, with Kenya as its first stop. In a tweet from a new account created for its Kenyan business, Cars45 announced its entry into the East African country,…
The Transmission Company of Nigeria TCN is to spend well over $1.65 Billion on a new Power projects that cuts across Nigerian States and some West African countries. The New project which is aimed at boosting energy…
A statement by the President’s spokesman, Malam Garba Shehu, in Abuja on Sunday, said the summit would focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production. During the summit,…
The governor of Ekiti State, Dr. Kayode Fayemi, has said that his administration was in partnership talk with Dangote, Coscharis and Stallion Group Industries Limited to set up a rice mill in the state. Fayemi said the…
The House Committee Chairman on Foreign Affairs, Rep. Yusuf Buba, says President Muhammadu Buhari is committed to promoting foreign investment and industrialisation in Nigeria. Buba spoke at the inauguration of the Floating Glass Production Line of CNG…
The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market. CBN The bank’s Director, Corporate…
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn (about…
Foreign investments inflows into Nigeria climbed to $14bn in half year 2019, signalling upswing in investors’ confidence, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said. In spite of this, she said Nigeria…
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