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The Nigeria Sovereign Investment Authority (NSIA) has transferred $417.46 million to Nigeria Bulk Energy Trading Company (NBET) to develop the electricity market.
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).
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.
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.
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.
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.
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.
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.
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 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.
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 Group, a private company, has issued a $32 million infrastructure bond to fund power assets— the first of its kind in Nigeria.
The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF.
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.
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.
Six people were killed and two seriously wounded in a shooting in southwestern Germany, police said on Friday.
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.
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.
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.
Mr Israel Adejol, a resident of Lagos state, was on Monday docked in an Ebute Meta Magistrates’ Court, Lagos, for videotaping a traffic warden while at his duty.
Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Egypt’s state of emergency is set to reach the three-year mark by April after the government announced it would extend it by another three months from Monday next week.
The Akwa Ibom Commissioner of Police, Mr Imohimi Edgal, has ordered the arrest of a Police Inspector attached to the state police command, Bassey Ikpe, for the alleged murder of a widow.
Uche Secondus, national chairman of the Peoples Democratic Party (PDP), has alleged that the presidency is pressurising the supreme court to rule in favour of the All Progressives Congress (APC) in its appeals challenging Sokoto, Bauchi, Adamawa and Benue governorship elections.