Export grant: FG to settle 270 firms with N195bn
The Federal Government was to issue Promissory Notes worth N195.08bn to 270 companies to settle part of the Export Expansion Grant liabilities to exporters. The amount is expected to bring…
World Bank names David Malpass as 13th president
The Executive Directors of the World Bank have unanimously selected David Malpass as the 13th President of the World Bank Group for a five-year term beginning on Tuesday, April 9,…
Nigeria: USAID Launches $300 Million Agribusiness Investment in Nigeria
Nigerian entrepreneur Fajemi Gognaje, 35 years old, started a new business in 2016, selling agricultural inputs like seed and fertiliser. Under a new contract with Cultivating New Frontiers in Agriculture…
Nigeria Attracted $6bn FDI in 3 Months – Central Bank
The Central Bank of Nigeria has said the country attracted $6 billion foreign investments in the first three months of the year. Speaking with journalists at the end of the…
Nigeria to Build Seaports to Ease Gridlock on Lagos’s Shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80 percent…
No new gas projects will be approved without a zero flare policy – NNPC
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment to a zero gas flare regime for every new gas project, even as it trains its sights on commercializing existing…
Nigeria to Set Up Cashew Processing Plants in Four States – Ogbeh
The Federal Government said it plans to set up cashew processing plants in four states of the country to add value to the product and create employment, wealth in the…
Obiano inaugurates N1.2bn Fish Feed Plant in Onitsha
Anambra State Governor, Willie Obiano of Anambra has inaugurated a modern fish feed production plant valued at N1.2 billion in Onitsha to boost fish business in the state. The News…
FG Approves Concession of Five Hydropower Dams
The Federal Executive Council (FEC) has approved over five key power projects to improve electricity supply and distribution in the country, Communication Adviser to the Minister of Power, Work and…