• See Don Jazzy’s Reply To A Fan Who Said Korede Bello Is His Worst Investment Ever

    See Don Jazzy’s Reply To A Fan Who Said Korede Bello Is His Worst Investment Ever

    A Twitter user said Korede Bello is Don Jazzy’s worst investment, adding that it was worse than D’Prince. Don Jazzy decided to school the fan on Korede’s worth.

    A Twitter user said Korede Bello is Don Jazzy’s worst investment, adding that it was worse than D’Prince. Don Jazzy decided to school the fan on Korede’s

  • FG releases N65bn for Social Investment Programme

    FG releases N65bn for Social Investment Programme

    According to reports, the Federal Government has directed the immediate release of N65bn for the take- off of its National Social Investment Programme.

    The Minister of State for Budget and National Planning, Zainab Ahmed, announced this while addressing State House correspondents on the outcome of the Federal Executive Council meeting presided over by President Muhammadu Buhari.

    She stated that the N65bn was part of the N150bn approved by the steering committee of the programme.

    N500bn is earmarked by the President Muhammadu Buhari-led administration […]

  • Governor Tambuwal appoints new helmsman for Sokoto Investment Company

    Governor Tambuwal appoints new helmsman for Sokoto Investment Company

    Governor Aminu Waziri Tambuwal of Sokoto State has approved the appointment of Aliyu Bala Sokoto as the new Managing Director of Sokoto Investment Company.

    A statement issued by the Governor’s spokesman, Malam Imam Imam, said the appointment took effect on August 18, 2016.

    Until his appointment, the new MD served as the Business Development Manager in First Bank of Nigeria Plc.

    Sokoto was born in November 1975 and attended Usmanu Danfodio University, Sokoto, where he graduated with Bsc in Management Studies in 1999.

    He […]

  • Intervention funds, investment hold ace to non-oil sector financing

    Intervention funds, investment hold ace to non-oil sector financing

    As the nation braces up for non-oil sector financing in order to achieve sustainable development, the Central Bank of Nigeria(CBN) and analysts have identified intervention funds as well as private sector investment as the panacea.

    According to facilitators at the just-concluded seminar for finance correspondents and Business editors organised by the Central Bank of Nigeria(CBN) in Abakaliki, Ebonyi State, the failure of financial institutions and government parastatals to fund critical sectors of the economy has made it imperative for CBN and […]

  • Obasanjo cautions against unsecured investment of N6trn pension assets

    Obasanjo cautions against unsecured investment of N6trn pension assets

    Former President Olusegun Obasanjo has warned against the investment of the almost N6 trillion Nigerian workers pension assets being managed by the National Pension Commission (PenCom) in unsecured investment portfolios to guard against the repeat of the ugly pension crises recorded in the country between year 2000 and 2004.

    He gave the advice in Abuja today while delivering his keynote address at the opening of this year’s World Pension Summit ‘Africa Special’ co-hosted by the Netherland – based World Pension Summit […]

  • Audit report for Police investment to be ready soon – IGP

    Audit report for Police investment to be ready soon – IGP

    It was gathered that the Inspector General of Police, IGP Ibrahim Idris, has said the audit report for the police investments will be ready this week and the Police management team will implement the recommendations.

    The IGP made the revelation when the executive and management team of the Police Officers’ Wives Association, (POWA) and the Police Wives Association, (PWA) paid him a solidarity visit on Monday.

    He noted that the reason for the audit was to ensure that the investments of the […]

  • Nigeria soon to join most attractive investment destinations worldwide – Buhari assures

    Nigeria soon to join most attractive investment destinations worldwide – Buhari assures

    President Muhammadu Buhari has assured potential investors that Nigeria would soon be one of the most attractive places to invest as his administration has embarked on significant economic reforms to realize that goal.

    The President gave this assurance to a large gathering of political and business leaders from the United States, Africa and other regions of the world at the Second United States-Africa Business Forum in the New York on Wednesday.

    It was organized by the United States Department of Commerce and […]

  • CBN amends rule for investment in forex inflow

    CBN amends rule for investment in forex inflow

    In its relentless efforts to boost liquidity in the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has amended its forex rule to accommodate portfolio investment by Nigerians who import hard currency through an authorized channel.

    A circular by the acting Director of the apex bank in charge of Trade & Investment, W D Gotring , to all authorized dealers and general public on Friday, states that “In the continued effort to encourage portfolio investment in Nigeria, resident Nigerian […]

  • CBN releases new guidelines on foreign investment inflows

    CBN releases new guidelines on foreign investment inflows

    Non-Nigerians are now free to invest in short-term debts and securities.

    The Central Bank of Nigeria (CBN) yesterday rolled out new foreign investment inflow guidelines targeted at portfolio investors.

    The guidelines, announced by CBN Acting Director, Trade and Exchange Department, W.D. Gotring, throws the field open to foreigners to invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates of deposit, commercial paper, bankers’ acceptances, and repurchase agreements.

    These instruments have maturities ranging from one day to one year and are extremely liquid.

    The CBN […]

  • Firm signs $146m Nigeria’s first solar investment

    Firm signs $146m Nigeria’s first solar investment

    In what could be termed Utility-scale solar revolution, a Nigerian company, Pan Africa Solar, and the Federal Government of Nigeria, have jointly signed the nation’s first Solar Power Purchase Agreement (PPA).

    The 75 megawatts (MW) solar photovoltaic power project in Katsina State, has a total investment of $146,000,000.
    It will sell power at 11.5 U.S cents per kWh and will be inaugurated in 2017.

    The signing of the agreement was held at the office of the Nigeria Bulk Energy Trader (NBET).

    The special guest […]

  • Gas investment deficit denies Nigeria 40,000MW of electricity

    Gas investment deficit denies Nigeria 40,000MW of electricity

    Natural gas reserves capable of generating 40,000 megawatts of electricity for Nigeria have remained idle as several factors continue to hamper investments by oil companies in the business, it has been gathered.

    Despite being home to Africa’s largest natural gas reserves, the country has one of the lowest power generation levels per person in the world.

    Latest figures from the Department of Petroleum Resources showed that the nation’s natural gas reserves had increased from about 189 trillion cubic feet to 192Tcf as […]