26 C
Lagos, South Africa and New York
Sunday, July 5, 2020

USAID Invests $1.1 Million to Upgrade Nine Nigeria Emergency Operation Centres

Abuja — The United States Agency for International Development (USAID) has said that it has programmed $1.1 million, which is equivalent of ₦427 million, to upgrade and expand the capacity of the nine Emergency Operations Centres (EOCs) for COVID-19 to strengthen the response in...

Nigeria Targets 1.8 million jobs through Construction of 300,000 Houses

The federal government is targeting the creation of 1.8 million jobs through the construction of 300,000 homes in the next 12 months, as part of initiatives to stimulate growth in the economy. The mass housing strategy is part of the Nigeria Economic Sustainability Plan that...

Experts Urges Nigeria to Unbundle Electricity Transmission Company, Liquidate Stake in Discos to stimulate electricity market

Experts in global energy business have asked the federal government to hasten its planned unbundling of the Transmission Company of Nigeria (TCN) into three separate entities. They also advised the government to liquidate its shareholding in the 11 electricity distribution companies (Discos) to stimulate efficiency...

Nigerian oil behemoth eyes in power, housing, and, of course, build the hospitals

Nigerian oil behemoth is targeting opportunities to invest in Power sector, housing sector to tackle housing deficit and of course help strenthen the country's long abandoned health sector, Naija247news has learned. For decades, Nigeria’s state oil company couldn’t maintain refineries meant to ensure domestic fuel...

Nigeria raise $450 million of Islamic bonds to finance 41 roads infrastructure project

ABUJA, June 15 - Nigeria has raised 162.56 billion naira ($450 million) to help finance infrastructure projects through the sale of Islamic bonds to local funds and insurance companies, the Debt Management Office (DMO) said. The government had planned to sell 150 billion naira of...

How Lagos State is tackling Nigeria’s housing deficit with Rent-to-Own Scheme

by Adewale Dosunmu Housing and accommodation in Lagos are notorious for being limited and unaffordable. With a population of about 20 million, the state is laden with an estimated housing deficit of three million. This housing gap requires tremendous effort to bridge and thankfully, the...

FEC approves N115.5bn to build roads infrastructure

The Federal Government has said the Federal Fire Service responded to 2,615 fire calls, saved 724 lives and assets worth N1. 629 trillion between June and October 2019. Minister of Interior, Rauf Aregbesola, made the disclosure while briefing State House Correspondents on decisions reached at...

As Nigeria’s power sector nears collapse, DisCos get 14 days ultimatum over non-metering of consumers

•NERC says 11 power vendors achieved 38.32% performance The Nigerian Electricity Regulatory Commission (NERC) yesterday issued notices of its intention to commence enforcement action against seven electricity distribution companies (DISCos) over their failure to comply with an Order 197/2020 capping unmetered residential (R2) and...

Nigeria to arraign supermarkets, pharmacies owners over price hike

The Federal government will on June 25 arraign two supermarkets and two pharmacies before the Abuja division of the Federal High Court for hiking prices of key hygiene products such as hand sanitizer and face masks. They are Prince Ebeano Supermarket Limited and its proprietor,...

FG suspends refund for federal roads after approving N148bn to 5 states

The Federal Executive Council (FEC) has cancelled refunds for federal roads constructed by state governments across the country. The Minister of Information and Culture, Lai Mohammed, who briefed State House reporters after the third virtual cabinet meeting chaired by President Muhammadu Buhari, said any state...
Open chat
Send us your story