Business

Power: FG Sets N35 Billion Investment Target For Gencos

Power: FG Sets N35 Billion Investment Target For Gencos

Business November 12, 2013 at 10:52 am 0 comments

The enormity of the task before the new investors in the power sector is gradually sinking in with the government setting an annual investment target of $3.5bn for the generation companies over a 10-year period, DAYO OKETOLA writes.
The Federal Government, through the

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Petroleum Distribution: Senate Orders NNPC To Provide Details In Two Weeks

Petroleum Distribution: Senate Orders NNPC To Provide Details In Two Weeks

Business, News November 2, 2013 at 7:58 am 0 comments

The Senate Committee on Petroleum (Downstream) has issued a two-week ultimatum to the Nigeria National Petroleum Corporation (NNPC) to provide it with details of petroleum products distribution.

The committee also directed the NNPC Group Managing Director, Andrew Yakubu, to supply it with details of

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Southwest Integration: Ekiti, Osun And Lagos Partner To Use Agriculture To Create Jobs

Southwest Integration: Ekiti, Osun And Lagos Partner To Use Agriculture To Create Jobs

Business, News November 1, 2013 at 6:47 pm 0 comments

The first edition of Agbeloba Agribusiness Forum 2013 held at Ikogosi Warm Spring Resort, in Ekiti State. The event was hosted by the Governor of Ekiti State, Dr Kayode Fayemi but had in attendance his counterpart from Lagos and Osun states. It also had in attendance, representatives

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Nigeria Must Go: Ghanaians Want Nigerians To Quit Trading In Ghana By Nov. 15

Nigeria Must Go: Ghanaians Want Nigerians To Quit Trading In Ghana By Nov. 15

Business, News November 1, 2013 at 9:08 am 1 comment

… We’re going nowhere, our companies are licensed – Nigerians

For some years now, the situation of Nigerian traders living in
Ghana could be likened to a mnemonic for the title of one of
the late Chinua Achebe’s novels; No longer at ease. On Monday,
October

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Nigeria Not Broke But Cash-Strapped ~ DG Budget, Accountant General Of Federation

Nigeria Not Broke But Cash-Strapped ~ DG Budget, Accountant General Of Federation

Business, News October 30, 2013 at 2:24 pm 0 comments

By Sunday Aborishade:

Dr. Bright Okogu DG of budget office

The Director-General of Budget Office of the Federation, Dr. Bright Okogu, and the Accountant- General of the Federation, Mr. Jonah Otunla, told a National Assembly Committee on Tuesday that Nigeria was

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Federal Government Set To Convert Nigeria’s Foreign Reserves Into Renminbi (China Currency)

Federal Government Set To Convert Nigeria’s Foreign Reserves Into Renminbi (China Currency)

Business October 28, 2013 at 7:57 am 0 comments

FROM ISAAC ANUMIHE

The Federal Government has concluded arrangement to convert the nation’s reserves into Renminbi (RMB),the Republic of China’s currency. The Director General of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, who confirmed this while fielding questions from newsmen in Abuja, said, although it

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