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Telecommunication investment hits $25b, says NCC
Investment in the telecommunication industry is in the region of $25billion, the Nigerian Communications Commission said at the weekend.
The NCC DG Dr. Eugene Juwah, added that there are over 113million telephone lines, compared with about 450,000...
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‘Agric attracts $8b investment’
The Nigerian agricul tural sector has attracted $8 billion foreign direct investment (FDI) in the last one year, Minister of Agriculture and Rural Development, Adesina Akinwunmi has said.
Speaking yesterday at a workshop on Financing Nigeria’s...
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Sambo tasks council on investment
For the Honorary International Investment Council (HIIC) to remain relevant, it must review its system so as to come up with new ideas in the quest to attract more investors to Nigeria, the vice president has said.
To Arc. Namadi Sambo the global...
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MEND Threatens South Africa’s Investments In Nigeria
Nigeria’s militant group MEND threatened Saturday to attack South Africa’s investments, including telecoms firm MTN, in the Niger Delta, because of the terror trial of its leader in Johannesburg.
“Our decision to attack South African...
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Rebuilding The Capital Market Through Market Makers
In this write-up Chris Ugwu examines current efforts by the Nigerian Stock Exchange to rebuild the nation’s capital market through market makers
Almost a decade before the financial meltdown, the Nigerian capital market witnessed unprecedented...
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‘How N6bn Bond Transformed Niger State’
When the government of Dr. Muazu Babangida Aliyu in Niger state took the decision to go to the capital market to seek for bond to boost its developmental drive in 2009, some people felt he was putting a credit burden on the state.
Many of those...
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Sambo, Nnaji Woo US Investors On Power
Vice President Namadi Sambo and the minister of power, Prof. Bart Nnaji, have urged foreign investors from the United States of America to invest in Nigeria’s power sector, saying they have a lot to gain.
Speaking at the plenary session of...
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‘Nigeria, others secure more loans from China than World Bank’
EXPORT-Import Bank of China extended $12.5 billion more in loans to Nigeria and other sub-Saharan African countries in the past decade, than the World Bank, Fitch Ratings said.
China’s EXIM lent about $67.2 billion to the world’s poorest...
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Investors stake N145.9bn on bonds, equities in one week
THE bullish rally, which trailed activities in Nigerian Stock Exchange (NSE) last week, enhanced volume of transactions as investors staked N145.9 billion on bonds and equities in one week.
At the close of trading on Friday, transactions at...
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Chinese investors to create jobs in Anambra
THE newly crowned traditional ruler of Isiagu Ancient Kingdom in Awka-South Council of Anambra State, Igwe Augustine Nwankwo, has signed a memorandum of understanding (MoU) with some Chinese investors for the establishment of some industries...
