Tag: Investment
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Kaduna needs $65.5 bn to address infrastructural challenges – El-Rufai
Kaduna State Governor, Nasir El-Rufai says it will require up to 65.5 billion dollars to address the state’s infrastructure challenges over the next 30 years. El-Rufai stated this on Wednesday at the unveiling of the infrastructure master plan, 2018-2050, during the 3rd edition of the state investment forum in Kaduna. He stressed that the long…
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Alleged infractions: Milost Global terminates $1b investment deal with Unity Bank
A New York-based private equity firm, Milost Global Incorporated on Monday announced the termination of its one billion dollars ($1 billion) investment deal with one of Nigeria’s commercial bank, Unity Bank. This was contained in a statement by Milost Global. According to the firm, the deal dates back to August 2017, when the Chief Executive…
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Africa promises good investment opportunity – Elumelu
The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This,…
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Nigeria is the best investment haven in Africa – Osinbajo
…Says anyone serious about investment in Africa must come to Nigeria Acting President, Prof. Yemi Osinbajo on Monday declared that the best investment destination in the whole of Africa is Nigeria. Osinbajo therefore urged serious investors to look no where else but Nigeria. Osinbajo made this remarks at the Banquet Hall, State House, Abuja while…
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We are ready to invest €1bn in Nigeria’s oil sector – French Govt
The French government has announced its intention to invest about €1bn in the nation’s oil and gas industry while also declaring Nigeria as its first economic trading partner in Africa. The France Ambassador to Nigeria, Denys Gauer, announced this when the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, Mr.…
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Rivers State: Nigeria’s tourism and investment destination
By Simeon Nwakaudu Endowed by nature as the nation’s treasure base, Rivers State is blessed with vast deposits of oil and gas, two functional seaports, an international airport, revived rail network, vast arable land, enhanced security network and a business friendly environment. Rivers State is Nigeria’s undisputed tourism and investment destination. The security framework in…
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Our economic policies geared towards improving investments, industrialisation – FG
The Federal Government will continue to create business environment conducive for investment and industrialisation, the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, said. The minister said this in a goodwill message to the 2017 Enugu International Trade Fair in Enugu on Saturday. “The economic policies of the current government are geared towards creating…
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Recession: Dangote explores investment opportunities in Zambia
In what seems like searching for greener pastures, the President of the Dangote Group and Africa’s richest man, Alhaji Aliko Dangote has expressed the desire of his group to further consolidate on his existing investments in Zambia and other African countries by exploring opportunities in the energy and agriculture sectors. Dangote spoke at the weekend…
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6 popular Ponzi schemes thriving in Nigeria
To survive the ravaging economic effects, Nigerians have decided to invest their hard earned money in popular but informal Ponzi schemes that promise to yield at least 30% profit of any sum invested. The High Yielding Investment Programs (HYIP) popularly known as Ponzi schemes which came to being in Nigeria this year, 2016 following the…