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NSIA pays $417.46 million to NBET to develop electricity market

The Nigeria Sovereign Investment Authority (NSIA) has transferred $417.46 million to Nigeria Bulk Energy Trading Company (NBET) to develop the electricity market.

Nigeria’s sovereign wealth agency transfers $417.5 million to electricity bulk trader

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).

Kemi Adeosun: Deadlocked FAAC meeting may affect salaries

Minister of Finance, Kemi Adeosun, has explained that if the issues that led to the Federation Accounts and Allocation Committee (FAAC) meeting with governors that ended in a deadlocked is not resolved, salaries might be affected in the states.

Uche Orji: NSIA to massively invest in refineries

Orji also disclosed that NSIA had already concluded discussions with International Oil Companies, IOCs, operating in the country, to ensure adequate crude supply to modular refineries, which would play a significant role in the initiative.

NSIA to unveil new funding plans

The Nigerian Sovereign Investment Authority (NSIA), operators of the Sovereign Wealth Fund (SWF) is set to deploy more investments into infrastructure, expressing a move towards unveiling appropriate funding plans and project structures being redeveloped for the Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Expressway and East-West road projects.

NSIA’s profit drops by N107 billion in 2017

The Nigeria Sovereign Investment Authority (NSIA), the agency managing the Sovereign Wealth Fund has recorded a decline in its profit from N130.3 billion in 2016 to N22.5 billion in 2017.

Presidency: New forex window records $25 billion inflows in one year

The Presidency yesterday released the record of its economic performance since 2015, stating that the new forex (FX) window introduced by the Central Bank of Nigeria (CBN) in April, 2017, yielded an average of $1 billion turnover every week and $25 billion inflows in one year.

The real price of “Change The Change” campaign [II]

On Tuesday, May 29, 2018, the Buhari/Osinbajo led government will clock three years in office. With elections less than a year ahead, this period of people-oriented governance has been a great success. The administration has fared very well in various policy fronts. There is a long list of achievements to flaunt.

Presidency: What President Buhari has achieved in three years

As Nigeria celebrates Democracy Day on May 29, the presidency has reeled out what the Muhammadu Buhari administration has achieved in the last three years it has been in power.

NSIA: Fertiliser subsidy programme eliminated massive fraud

The chief executive officer of the Nigerian Sovereign Investment Authority, NSIA, Uche Orji, says massive fraud in the fertiliser subsidy programme has been eliminated since the introduction of the Presidential Fertiliser Initiative, PFI.

NSIA: Nigeria’s fertiliser production hits 2.22m metric tonnes

The Nigeria Sovereign Investment Authority (NSIA), says its investment in promoting local farming is yielding results as production of made-in-Nigeria fertiliser has presently hit 2.22 million metric tonnes.

President Buhari: Nigeria’s quest for self-sufficiency, food security not negotiable

President Muhammadu Buhari has challenged the Presidential Fertilizer Initiative (PFI) to ensure availability of quality and affordable fertilizers to farmers at the right time as the nation’s journey to self-sufficiency and food security is not negotiable.

Federal govt to invest in modular refineries

The Federal Government says it will support investment in the construction of modular refineries to ensure the success of the initiative.

Federal govt mobilises central bank, others to finance modular refineries

The federal government on Wednesday said it was talking with potential financiers, including the Central Bank of Nigeria (CBN), International Finance Corporation (IFC) and Nigerian Sovereign Investment Authority (NSIA) to provide contributory finance to investors in modular refineries in the Niger Delta region.

Viathan floats Nigeria’s first power infrastructure bond

Viathan Group, a private company, has issued a $32 million infrastructure bond to fund power assets— the first of its kind in Nigeria.

NSIA commits to invest in Nigeria infrastructure debt fund

The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF.

VP Yemi Osinbajo decries large exodus of Nigerian doctors

The Vice President, Yemi Osinbajo, on Monday decried the way Nigerian doctors were leaving the nation in droves saying the government now has an opportunity to bring back the doctors.

Senate summons Babatunde Fashola over alleged $35 million spendings

The Senate on Wednesday began an investigation into the alleged plan by the Ministry of Power, Works and Housing to secure the release of $350m domiciled in the Nigerian Sovereign Investment Authority to finance electricity projects.

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Police: Gunman kills six in Germany attack

Six people were killed and two seriously wounded in a shooting in southwestern Germany, police said on Friday.

Undergraduate jailed for 13 years in Ondo

A Federal High Court sitting in Akure, Ondo State capital, on Friday, sentenced a final year student of Achievers University, Owo, Fisayo Adetoro, to 13 years imprisonment and a fine of N1m over impersonation, forgery and money laundering.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.

Frank Lampard unsure about Tammy Abraham ankle injury

Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari: It might take time, but we‘ll remedy things in North East

President Muhammadu Buhari has assured the European Union (EU) that though it might take a bit longer, the nation will surely put the issues associated with the troubles in the North East in order and move ahead.
YINKA ODUMAKIN

Afenifere warns Police not to cover up Oko Oloyun murder

The pan-Yoruba socio-political organisation, Afenifere, on Friday, warned the Nigeria Police not to cover up the murder of renowned alternative therapist, Alhaji Fatai Yusuf, populary known as Okooloyun.