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Friday, July 10, 2020

Nigeria sovereign wealth fund seeks investors interest for 10 MW solar park

Nigerian government has issued an expression of interest (EOI) to pre-qualify developers interested in building a 10 MW solar plant in the Kumbotso Local Government Area, Kano State, in northern Nigeria. The calls which was made by Nigeria Sovereign Investment Authority (NSIA), an entity that...

Nigeria receives $1bn assistance from US govt to Tackle Humanitarian Crisis in N’East

· Appropriates $431m for 2020 fiscal year · Laments limited access to humanitarian publics Gboyega Akinsanmi Amid intractable humanitarian crises the activities of Boko Haram and Islamic State in West Africa Province (ISWA) have generated in the Northeast, the United States has provided over $1 billion humanitarian...

Nigeria may put up more public assets for sale

Reports have emerged that more public assets may be put up for sale by the Federal Government as the Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks by our correspondent revealed that work on the review of the privatisation work plan is...

FG seeks to boost electricity supply in Northern states with NSP Gurara30 MW concession agreement

The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was now set to put the hydropower plant into sustainable operation...

Investment in real estate properties, private equity fund drives Nigeria’s pension assets to N10.5tn

The total assets under the Contributory Pension Scheme rose to N10.5tn as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21tn as of the end of 2019 rose by over N289bn...

CBN developing financial framework” to develop Nigerian Made COVID-19 vaccine – Emefiele

Governor of the Central Bank of Nigeria, Godwin Emefiele, says the country’s apex bank “is developing a framework” through which it can provide financial support to achieve a Nigerian COVID-19 vaccine. Mr Emefiele said this at the unveiling of the THISDAY Dome testing, tracing, and...

Review Power Sector Privatisation Process, Electricity Workers Begs FG

coalition of unions of electricity workers in Abuja has called for the immediate review of the privatisation process of the sector. The group comprises members of the National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies in the...

Big tech innovations, key to Nigeria beating Covid-19 pandemic shocks

As Nigeria scales back its coronavirus restrictions, the country is looking to digital innovation to ease the impact of an economic slowdown and maintain food security. Nigeria is one of several African countries – others include Rwanda and South Africa – to follow Ghana’s lead...

Your investment in Nigeria is safe, Emiefele assures foreign investors

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has assured foreign investors in the country of the safety of their funds despite the scarcity of foreign exchange in the country due to the significant fall in the price of crude oil as...

CBN releases criterial to health care investors to access N100 bn loan

To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit Money Bank or a Development Finance Institution of...
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