IFC to Raise $5b for Infrastructure Investments The International Finance Corporation (IFC), a member of the World Bank Group, has launched a programme that aims to...
Investments in Oil, Gas Free Zones Hit $75b Investments in Nigeria’s oil and gas free zones has hit $75 billion. It has also created more than...
Benue Seeks NERC’s Licence to Build 10MW Power Plant The government of Benue State has approached the Nigerian Electricity Regulatory Commission (NERC) to grant it licence...
FirstRand Group Eyes Undervalued Assets in Nigeria FirstRand Limited, a South African bank and the leading lender by market value on the continent, plans to buy...
Nigeria Dropped to 127th Place on Global Competitiveness Index Nigeria has dropped three places to the 127th position on the latest World Economic Forum’s (WEF) Global...
Petroleum Sector to Get $70bn Investment From China The Minister of State for Petroleum, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged...
NSE Capitalisation Dips by N92bn in One Day The market capitalisation of the Nigerian Stock Exchange dropped by N92bn at the close of trading on the...
NNPC to Produce Diesel From Crops The Nigerian National Petroleum Corporation on Wednesday announced that it had commenced the integration of biofuels production from selected energy...
Bad Loans Rising, Dollar Scarcity to Continue The scarcity of foreign exchange will remain challenging in the second half of 2016 due to low oil prices,...
Dollar Shortage: Erisco to Suspend Operations Threatens to fire 1,500 workers About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to...