12 April

Sticky

BUSINESS GAS FLARE: 800 COMPANIES BID FOR ACQUISITION OF 176 FLARE SITES

No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, told newsmen in Abuja yesterday that government had received bids of 226 bidders that paid the stipulated fees out of the 800 companies that expressed interest in managing the sites. A total of 226 was said to have fulfilled bid requirement initiated by the Nigerian Gas Flare Commercialization Programme (NGFCP) under the Ministry of Petroleum Resources to operate the 176 gas flaring points identified by the government. Speaking at the bid opening of the statement...

05 April

0 Comments

Sticky

ATTRACTING FOREIGN INVESTMENT – DANGOTE

Posted by Prince Joel Esq

in Investment

The Chief Executive Officer of Dangote Group, Aliko Dangote, has called on governors in Northern Nigeria to do more in mobilizing local private sector investors in their states. Dangote made the call at the Kaduna Economic and investment summit on Wednesday, where he stated that such a move can spur huge inflow of private capital, reduce insecurity, unemployment, and poverty. “Northern Nigeria will continue to fall behind if the respective state government does not move to close the development gap. Closing these gaps requires huge multi-year investment and government will not be able to raise the capital required to fund this. Only...

04 April

0 Comments

Sticky

MULTIPLE INVESTMENTS IN KADUNA, – EL-RUFAI

Posted by Prince Joel Esq

in Investment, The State

Kaduna State Governor, Malam Nasir el-Rufai, has said his government has attracted both local and international investments worth over $500 million into the state in the last three and half years, while creating over 100,000 jobs. Addressing participants at the opening of the 4th edition of the Kaduna Economic and Investment Summit on Wednesday in Kaduna, el-Rufai stated that some of the investments have already became reality and hundreds of thousands of youth are benefiting from them. He said the feat was possible because his government was able to make the state investors’ destination. According to el-Rufai, some of the policies put...

04 April

0 Comments

Sticky

10.8TRN INVESTMENTS FOR MARITIME INDUSTRY

Posted by Prince Joel Esq

in Financial Sector, Investment

The Nigerian maritime industry may be attracting investments worth USD30 billion (about N10.8 trillion) in 2019 financial year. Maritime Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, who disclosed this to Vanguard Maritime Reports on the sidelines of the agency’s award night held at the Eko Hotel in Lagos last weekend, said that now is the time for Nigerian maritime industry players to position themselves to take advantage of the projected investments. Peterside also said that the agency will work more with its various stakeholders to achieve more and make better progress in this New Year. READ ALSO:...

03 April

0 Comments

Sticky

CWG boss, harps on building viable digital economy.

Posted by Prince Joel Esq

in Information and Communication Technology, Investment

Mr Adewale Adeyipo, Ag. CEO/MD CWG Plc, joined other African Leaders recently in discussions that would allow the continent edge further towards building a more viable digital economy; which will ultimately turn Africa into a Technology driven knowledge-based economy. Adeyipo lent his voice to the clarion call, while participating at the 7th edition of the Africa CEOs Forum, holding in Kigali, Rwanda. He advocated for an inclusive ecosystem that can aid technological development on the continent. Adeyipo argues that Africa’s labour market is currently being disrupted as over 65 percent of primary school children today are likely to work, in the next...

01 April

0 Comments

Sticky

NIGERIA WILL SAVE N3.6TN ON IMPORT REDUCTION – FG

Posted by Prince Joel Esq

in Investment

The Federal Government has said that Nigeria will be able to save the sum of N3.6tn if the rates of importing goods and services are cut down within the next 36 months. The Minister of Science and Technology, Dr Ogbonnaya Onu, made this remark in Port Harcourt on Thursday while delivering the 32nd Convocation Lecture of the University of Port Harcourt with the theme: ‘Science and Technology as a Driver of Economic Recovery and Growth Plan of a Nation’. Onu also said that with the reduction in the consumption of foreign goods and services, the country would be able to create about...

14 March

0 Comments

Sticky

Enugu State, Land Of Coal

Posted by Prince Joel Esq

in Investment, The State, Tourism

Do you know that Enugu state is one of the 36 states in Nigeria with over 95% of untapped resources? Let look at the area of investment together. ENUGU STATE Enugu state is one of the 36 states in Nigeria; the state was established on August 21, 1991. Enugu state was created from the part of the old Anambra state. The principal cities in the state are Nsukka, Agbani and Awgu. The State derives its name from the capital city, Enugu, meaning "top of the hill” which is regarded as the oldest urban area in the Igbo speaking area of Southeast Nigeria. The...

15 February

0 Comments

Sticky

ABUJA, A Network Of Economic Upturn

Posted by Prince Joel Esq

in EduResearch, Investment, The State

FCT, A Network Of Economic Upturn. THE BEST AND MOST BEAUTIFUL! Have you thought about investing in a splendid and the Most Beautiful city in Nigeria? Abuja is stunning beautiful, the city’s uniqueness is breathtaking. There are thousands of words I would love to qualify the beauty of Abuja with but time and space will not permit me. When it comes to structure, Abuja is first in the list in Nigeria. I call the city: “Washington D.C. in Nigeria”. The city is also the hot cake networking economic upturn in Nigeria. Join me to see reasons why you should think investment in Abuja. ABOUT...

15 February

0 Comments

Sticky

Akwa Ibom State LAND OF PROMISE

Posted by Prince Joel Esq

in Agriculture, EduCase, Energy Sector, Investment, The State

AKWA IBOM STATE (LAND OF PROMISE). ABOUT THE STATE: Akwa Ibom State was created on September 23, 1987 from the former Cross River State, South South Geo-political Region of Nigeria. The Atlantic coastline stretches 129km from Oron in the East to Ikot Abasi in the West. The State comprises several related sub-ethnic groups. They include Ibibio, Annang, Oron, Eket, Ibeno, Mbo, Okobo etc. They share a common ancestry and are reputed to be the first settlers in present day South Eastern Nigeria. ECONOMY: Akwa-Ibom state is unarguably one state in Nigeria with the prospect of economic fortune. With about five million population matched with the...

05 February

0 Comments

Sticky

FG TARGETS IMPROVED BUSINESS

Posted by Prince Joel Esq

in Investment

FG TARGETS IMPROVED BUSINESS ENVIRONMENT FOR CONSTRUCTION Following the ongoing reforms to improve the ease of doing business in the country, the Federal Government is working to attract more foreign investment into the construction industry. The Senior Special Assistant to the Vice-President on Trade and Investment, Jumoke Oduwole, who was a special guest at the International Real Estate Federation, FIABCI Nigeria’s annual business forum, recently, stated that in the past three years, Nigeria had implemented more than 140 reforms, increased its Distance-to-Frontier score by over 11 basis points, and moved up 24 places in the World Bank Doing Business Index rankings. She said...