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The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.

NIPC: Nigeria records $8.41 billion investments in Q1 2021

The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.41bn worth of Investments from 15 Projects across eight States. The States include: Bayelsa, Lagos, Kano, Nasarawa, Delta, Edo, Bauchi and Akwa Ibom.
Kano State Electricity Distribution Company (KEDCO) has signed a Memorandum of Understanding (MoU) with Konexa, a foreign investor, for the generation, storage, and distribution of electricity.

KEDCO, NSIA, Konexa sign MoU for $100 million renewable energy solution

Kano State Electricity Distribution Company (KEDCO) has signed a Memorandum of Understanding (MoU) with Konexa, a foreign investor, for the generation, storage, and distribution of electricity.
L-R: C.E.O, Lagos Free Zone, Mr. Dinesh Rathi; Director, Lekki Port; Alhaji Bode Oyedele; Lagos State Governor Mr. Babajide Sanwo-Olu; Chairman, Lekki Free Zone Development Company, Mr. Abiodun Dabiri; Commissioner for Commerce, Industry & Cooperatives, Dr. (Mrs) Lola Akande; Special Adviser to the Governor on Commerce & Industry, Mr. Oladele Ajayi and Commissioner for the Environment and Water Resources, Mr. Tunji Bello, during the Governor’s working visit to the Lekki Free Trade Zone, Ibeju-Lekki, on Friday, March 19, 2021.

Lekki Deep Sea port to begin operation in 2023 – investor

Commercial operations at the Lekki Deep Seaport in Lagos Free Zone (LFZ) will begin in the first quarter of 2023, Governor Babajide Sanwo-Olu, on Friday, got the assurance from Tolaram Group – the frontline investor handling the project.
Seplat Petroleum Development Company

Seplat releases full year audited result, to pay dividends

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

NBS: Capital importation declines by $14.31 billion in 2020

The total value of capital importation in 2020 stood at 9.68 billion dollars compared to 23.99 billion dollars recorded in 2019.

NBS: Nigeria’s Q3 capital importation stands at $1.46 billion

The total value of capital importation into Nigeria stood at 1.46 billion dollars in the third quarter of 2020, the National Bureau of Statistics (NBS) says.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

NLC demands end to medical tourism by government officials

The Nigeria Labour Congress, NLC, on Thursday called for an end to all forms of medical tourism especially by elected and appointed government officials.

Coronavirus stalls works on Ajaokuta Steel complex – official

Restrictions of air travels as a result of the outbreak of novel coronavirus pandemic, stalled the take off the proposed resuscitation of the Ajaokuta Steel Complex, it’s Sole Administrator, Engineer Sumaila Aka’aba, has disclosed.
Tracy Batta, 29, Co-founder and CEO, Smoothie Express

Nigerians dominate 2020 Forbes ‘Africa 30 under 30’ list

Nigeria has had its share of the global challenges – fall in oil prices, disruption in tribal and religious harmony spawning seemingly endless security crises; then came the ‘irrepressible’ COVID-19 threatening to wipe everyone out.
(FILES) In this file photo taken on October 17, 2016 a passenger aircraft takes off alongside Terminal 5 during sunrise at London Heathrow Airport in west London. – British tour operators put themselves outside the law by not reimbursing their customers for stays already paid for and cancelled because of the coronavirus, the consumer defence association Which! said on April 22, 2020. “We asked the ten largest British tour operators and the ten largest airlines to explain their refund policies. None of these companies were meeting their legal obligations on time,” said Which! (Photo by Daniel LEAL-OLIVAS / AFP)

Heathrow sees expansion delay of at least two years

London’s Heathrow airport on Friday said the building of a third runway at Europe’s busiest hub would be delayed by at least two years for legal reasons and the coronavirus outbreak.

Nigeria’s economy attracts $5.36 billion in third quarter 2019

The total value of capital importation into Nigeria stood at $5.36 billion in the third quarter of 2019, the National Bureau of Statistics (NBS) capital importation report released yesterday has shown.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
Nigerian National Petroleum Corporation (NNPC)

NNPC: 80 deepwater oil blocks not producing

Only seven out of the 87 deepwater oil blocks in Nigeria are producing, while six are at different phases of development, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said.

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The highly infectious variant of the novel coronavirus that is predominant in the United Kingdom may be up to 70 percent more deadly than previous strains, according to a report by the government’s scientific advisers.

Explosion of deaths from infectious diseases looms in Africa over coronavirus

African countries are at potential risk of suffering an explosion of deaths from malaria, measles, and other infectious diseases as a result of the surging COVID-19 cases
Liverpool are joint-top at the Premier League with Tottenham Hotspur, following their 3-0 win over Leicester City on Sunday.

Premier League to renew £5 billion TV deal

The English top-flight sought and secured government approval in principle to roll over its existing rights agreement with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport.
4. President Muhammadu Buhari on Thursday said the registration of the National Identity Number and linking it to mobile numbers will help fight insecurity in the country.

President Buhari pledges action against bandits

President Muhammadu Buhari has pledged that his administration will “use all available resources and manpower in dealing with bandits” who have been terrorising several parts of Nigeria.
Joe Aribo featured prominently as Rangers secured a 4-1 victory over Celtic in Sunday’s Scottish Championship group game.

Joe Aribo relishes new left-back role at Rangers

The Nigeria put up a superb display in the game and earned special praise from manager Steven Gerrard, who picked him as the man of the match.
A woman uses her phone while experiencing a blackout due to an outage at a power plant, in Taipei, Taiwan, May 13, 2021. REUTER-Ann Wang

Taiwan power resumes after outage, TSMC hit by brief dip

Tech powerhouse Taiwan resumed power early in the evening on Thursday following several hours of phased blackouts islandwide, a problem that briefly impacted major semiconductor firm TSMC.

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All Progressives Congress (APC) national stalwart Asiwaju Bola Ahmed Tinubu, has described as premature, talks about 2023 elections and the successor to President Muhammadu Buhari. To him, those making such calls do not love Nigeria.

Senator Tinubu condoles with Pastor Adeboye over son’s death

Senator Bola Tinubu has commiserated with Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God, over the death of his son, Pastor Oluwadamilare Adeboye, known as Dare.

Presidency: Nigeria engaging Microsoft to preserve local languages

The presidency says Nigeria is engaging with tech giant, Microsoft Corporation, in order to use machine learning and artificial intelligence to preserve local languages.
At least 31 Nigerian soldiers were killed when IS-aligned jihadists ambushed a military convoy escorting weapons and overran a base in northeast Nigeria's Borno state, military sources told AFP Monday.

Igbo group: Shoot-on-sight order will worsen insecurity in South-East

A think-tank of Igbo intellectuals and professionals, Nzuko Umunna, on Tuesday, wrote an open letter to the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru, over the alleged shoot-on-sight order against Igbo youths to the soldiers in the South-East and South-South.
A Boeing 737 Max. An Air Canada 737-8 Max has been forced to land in Tucson after the air crew diverted the Arizona-to-Montreal flight because of an engine issue. Silvio Avila-AFP-Getty Images

Nigerian airlines blame dollar scarcity, pandemic for rising airfares

Airlines have attributed the skyrocketing airfares, which have elicited disaffection from travellers to the scarcity of dollars and the COVID-19 pandemic.
David Moyes fears West Ham’s slim hopes of Champions League football could be affected further by Manchester United forced to field weakened teams.

David Moyes lashes out at Premier League chiefs over Manchester United decision

The Hammers boss – whose men were beaten by Everton – has called on the Premier League to explain the questions surrounding the integrity of the competition being affected with United’s 3-1 win at Aston Villa their first of three games in five games.