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Foreign Direct Investments

RMAFC: Nigeria loses $21 billion to non-review of PSCs

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the nation lost about $21 billion in revenue in the last 20 years to non-review of Production Sharing Contracts (PSCs).

Alex Okoh: BPE to review power sector privatisation

The Bureau for Public Enterprises (BPE) says it will review Nigeria’s power sector privatisation process, to remove fundamental flaws hindering effective operations in the sector.

Senator Ekweremadu: We may shut National Assembly to help President Buhari end killings

The Deputy President of the Senate, Ike Ekweremadu, has said the National Assembly may be shut to help President Muhammadu Buhari administration find an end to the spate of killings by herdsmen and militias across the country.

ABCON chief warns of looming election-induced capital flight

Ahead of the 2019 general elections, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has warned of a possible capital flight.

Federal government commences automation of governance process

The federal government says it is developing an Electronic Document Management System (EDMS) to automate the entire government processes.

Governor Dickson takes investment drive to Africa CEO Forum in Cote d’Ivoire

Gov. Seriake Dickson of Bayelsa has taken the drive for Foreign Direct Investments (FDIs) to the ongoing Africa Chief Executive Officers Forum in Abidjan to showcase opportunities that abound in the state.

EMMAN: Meter assets regulation policy will create employment opportunities

The Electricity Meters Manufacturers Association of Nigeria (EMMAN) on Monday said that the new Meter Assets Regulation (MAP) policy in the power sector would create massive employment opportunities for Nigerians.

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.

Recent Stories

Smoke fills the stage following an explosion at a Zanu pf rally in Bulawayo, Saturday, June, 23, 2018. An explosion rocked a stadium where Zimbabwe’s president was addressing a campaign rally on Saturday, with state media calling it an assassination attempt but saying he was not hurt and was evacuated from the scene. Witnesses said several people were injured, including a vice president. (Associated Press)

Minister: At least 15 injured in Zimbabwe explosion

Zimbabwe's President Emmerson Mnangagwa said Saturday he narrowly survived an attempt on his life after a blast at a party rally that injured two of his vice-presidents and several party officials.
Sickle Cell Nigeria

Sickle cell foundation lauds Lagos over N200 million support

In commemoration of the 2018 World Sickle Cell Day, the Sickle Cell Foundation of Nigeria has lauded the Lagos State government for donating N200m for the establishment of a bone marrow transplant unit at the Lagos University Teaching Hospital (LUTH).
APC National Charman Adams Oshiomhole

President Buhari: Comrade Oshiomhole as consensus candidate meant to heal wounds

President Muhammadu Buhari has said the idea behind adopting a consensus candidate as chairman of the party was meant to heal aggrieved members of the party.

Policeman’s ‘accidental discharge’ kills woman in Anambra

Live bullet from an AK47 rifle carried by an unnamed police officer has killed a 38-year-old woman in Onitsha.
NHIS boss Prof Yusuf Usman at TUC National secretariat Lagos

Usman Yusuf: NHIS money meant to pay for the sick

The Executive Secretary of National Health Insurance Scheme (NHIS), Prof. Usman Yusuf, has accused some HMOs, Hospitals, Insurance companies as the institutions that want to defraud Nigerians and who ganged up and masterminded his suspension for six months.