BUSINESS
FG Appoints Managers To Lead $10bn Global Investment Fund
Twenty-three fund managers have been appointed by the Federal Government of Nigeria to lead the $10 billion Nigeria Global Investment Fund. A transformative initiative aimed at channeling both international and local investments into the nation’s key economic sectors, including agriculture, manufacturing, energy, infrastructure, and fintech. According to a presentation document obtained by Nairametrics, the NGIF is a cornerstone of Nigeria’s broader...
Vice President Shettima Commends MSMEs For Providing Jobs For 80% of Nigeria’s Workforce
Vice-President Kashim Shettima, on Tuesday, asserted that 80 percent of Nigeria’s workforce would have been without job except for the existence of Micro, Small Medium Enterprises (MSME). Shettima asserted Makurdi, Benue State capital, during the commissioning of Benue State Fashion Hub and Benue Printing and Publishing Corporation. He said, “MSME is the backbone of of Nigeria economy, it accounts for 96...
Togo, Benin Yet To Remit $14m Electricity Bill Owed To Nigeria — FG
None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19m issued by the market operator for services rendered in the first quarter of 2024. The Nigerian Electricity Regulatory Commission revealed this in a report sighted by our correspondent. The foreign companies are Para-SBEE...
MTN, Havenhill Synergy, Others Get Permits To Generate Electricity
The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the commission, Golden...
NERC Grants Permit To MTN, Others To Generate Electricity
The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the commission, Golden...
FG Considers $500m Loan From World Bank To Boost Education, Health Care
The Federal Government is targeting a $500m loan from the World Bank to tackle inadequate human resource issues in the country’s education and healthcare systems. The proposed loan, part of the Nigeria Human Capital Opportunities for Prosperity and Equity Governance Programme, is intended to tackle long-standing staffing gaps and enhance the performance management of basic education teachers and primary healthcare...
US Court Authorizes Chinese Firm To Seize Nigerian Properties Over $70 Million Debt
An appeal court in the United States (US) has authorised Zhongshan Fucheng Industrial Investment Co. Ltd, a Chinese firm, to final charging orders over two residential properties owned by Nigeria. This comes as the Chinese firm seeks to enforce a $70 million arbitration award against the Nigerian government. The majority ruling, in a verdict delivered on August 9, affirmed the judgment...
Nigeria, Equatorial Guinea Sign Gas Pipeline Deal
Nigeria and the neighbouring Equatorial Guinea have sealed a deal on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development, Nigeria's presidency announced on Thursday. Nigerian leader, Bola Tinubu and his Equatorial Guinean counterpart, Teodoro Mbasogo signed the agreement on Wednesday evening in Malabo, spokesman of Tinubu, Mr. Ajuri Ngelale said in a statement on Thursday. The...
Nigeria’s Inflation Drops For First Time Since 2022
Nigeria’s inflation fell to 33.40 percent in July 2024 from 34.19 percent in June on a year-on-year basis. This is the first time the country’s inflation has cooled down since December 2022 when it stood at 21.34 percent. The National Bureau of Statistics disclosed this in its latest Consumer Price Index and Inflation for July released on Thursday. This represents a 0.79...
How To Use Business Development Tools To Enhance Your Small Business
It is no secret that using business development tools can make the process of streamlining your business operations smoother and enhance your productivity. Using such tools can give you important insights into the market and how to stay relevant and grow as a small business. We will discuss some steps that will show you how to develop your small...
![‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]](https://abntv.com.ng/wp-content/uploads/2024/11/Junior-Pope-and-Emeka-Rollas-100x75.jpg "‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]")
