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Foreign Direct Investments

Federal govt committed to spend N1.3 trillion annually on capital projects – minister

The Federal Government says it is committed to investing about N1.3 trillion annually on capital projects to bridge the infrastructure gap needed to attract investments into the country.

Africa to account for half of global labour force by 2030 – IMF chief Christine...

The Managing Director, International Monetary Fund (IMF), Ms Christine Lagarde, says by 2030, over half of new workers entering the global labour force will come from Africa.

Sierra Leone’s Ernest Bai Koroma unveils successor to Nigerian community

President of Sierra Leone, Ernest Bai Koroma, has unveiled his successor and Flag bearer of the ruling All Peoples Congress (APC), Matthew Samura Kamara, to the Nigerian community.

$550m Ondo power plant: PPA will boost investors’ confidence, improve national grid by 550MW

The Power Purchase Agreement (PPA) between Kingline Development (KLD) and Nigeria Bulk Electricity Trading Plc (NBET) for construction of 550Mega Watts(MW) plant valued at 550million dollars will boost confidence of would-be investors in the project.

Lagos contributed 73% to Nigeria’s ease of doing business rating – Governor Ambode

Lagos State alone contributed 73 per cent to the 2018 World Bank’s rating of Nigeria on the ease of doing business, a global competitive index for measuring business regulations, the state governor, Mr. Akinwunmi Ambode, has said.

NNPC chief Maikanti Baru woos foreign investors for corporation mega projects

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on foreign investors to partner with the Corporation in its multi-billion dollar projects expected to come up in the New Year.

President Buhari approves N50 billion for NEPZA to build infrastructure

President Muhammadu Buhari has approved N50 billion for the Nigerian Export Processing Zones Authority, NEPZA, in the 2018 budget to build key infrastructure that will attract foreign direct investments (FDI) into the country.

Banks raise alarm over fake job recruitment website

Commercial banks have raised the alarm over a fake employment website alleged to belong to them, deployed by fraudulent element with the intent to defrauding unsuspecting young graduates.

Nigeria’s capital importation hits $4 billion in third quarter of 2017 – NBS

The total capital imported in the third quarter has hit $4.1 billion dollars, which doubled the inflow in the second quarter, representing an increased value of 147.5 per cent on a year- on- year basis.

African economies performing better than global outlook – Yemi Osinbajo

Vice-President Yemi Osinbajo on Thursday in Abuja said African economies were improving and performing better than the projected global outlook.

African economies performing better than global outlook – Yemi Osinbajo

Vice-President Yemi Osinbajo on Thursday in Abuja said African economies were improving and performing better than the projected global outlook.

Governor Obiano’s financial recklessness second to none in Nigeria – CLO

The South East zone of the Civil Liberties Organisation has accused the Anambra State Governor, Willie Obiano, of a second to none in Nigeria fiscal recklessness.

With 170m people, Nigeria is a preferred investment destination in Africa

We come to the ITU Telecom World every year to tell our story, share our experiences and borrow a leaf from global best practices to address our concerns, engage and collaborate with the global community to strengthen the growth and impact of the Nigerian Telecoms Industry.

Nigeria ready for investment – Sen. Ashafa

The Senator representing Lagos East Senatorial District, Gbenga Ashafa, has said that Nigeria is a haven for investments.

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2019: Police to set up task force against illegal arms, ammunition

Ahead of the 2019 general election, the Nigeria Police wednesday said it would set up task force to combat illegal firearms and ammunition in circulation across the country.

Elizade University matriculates 350 students, begins solar acquisition training

Elizade University, Ilara-Mokin, Ondo State, has commenced a solar training programme for its newly admitted students as part of efforts to proffer lasting solutions to the epileptic power problem confronting the state and nation at large.

Yobe school closed after Boko Haram attack

The Yobe State Government has announced the closure of Government Girls’ Technical College (GGTC), Dapchi, for a week following Boko Haram attack on the school on Monday.

NCAA, AIB launch probe after Dana Air plane overshoots runway

The Nigerian Civil Aviation Authority, NCAA, has commenced investigation into how Dana Air plane overshot the runway at Port Harcourt International Airport.

Ex-soldier allegedly stabs nephew to death over land tussle

The Police in Lagos have arrested a 73-year-old man, who allegedly stabbed his nephew to death over a land dispute in Ikorodu area of Lagos State.

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Federal govt urged to demonstrate will to enact environmental laws

Centre for Peace and Environmental Justice (CEPEJ) has urged the Federal Government to demonstrate the political will to enact environmental friendly policies.

Senator Saraki invites child comedienne Emmanuella to the Senate

The President of the Nigerian Senate, Bukola Saraki, has invited popular Nigerian comedienne, Emmanuella Samuel, to the upper legislative chamber, describing her story as an inspiration.

Police investigate murder of UNN security officer

The Police Command in Enugu, on Tuesday, commenced investigation into the alleged gruesome murder of the University of Nigeria, Nsukka (UNN) security officer.

Edo plans permanent shelters for victims of human trafficking, irregular migration

Edo State Government says it will construct permanent shelter for indigenes of the state among victims of human trafficking and irregular migration currently being returned to the country.

Osun urges federal govt to declare state of emergency on Fulani herdsmen attack

The Osun State Government has called on the Federal Government to declare a state of emergency on the ongoing Fulani herdsmen menace in order to checkmate the killings.