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Investment promotion: FG unveils NIPC’s `Book of States’

Investment promotion: FG unveils NIPC’s `Book of States’By Emmanuella Anokam / Blessing Onyeaka The federal government on Monday unveiled the Nigerian Investment Promotion Commission (NIPC) “State Book” aimed at boosting domestic and foreign direct investment (FDI) for economic growth. The “State Book”, a compendium of key investment opportunities and comparative advantages of the 36 states and the CTF, was prepared by the NIPC in collaboration with the Nigeria Governor’s Forum (NGF). Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, said at the compendium’s official launch in Abuja that the initiative would help investors better appreciate investment potentials across Nigeria. In a keynote address, Adebayo noted that the document would help attract the right investments to Nigeria, improve productivity, create jobs and generate income for the country. “The ministry appreciates that the work has been fully supported and approved by all 36 governors, including the CTF Minister. “It shows how we are working collectively to ensure that […]

Investment promotion: FG unveils NIPC’s `Book of States’ - NNN.

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NESG calls for application for the 2020 Bridge Fellowship programme

The Nigerian Economic Summit Group (NESG), in conjunction with LEAP Africa, a non-profit organization focused on youth leadership development in Nigeria, has called for applications for its 2020 Bridge Fellowship programme for mid-level professionals. The NESG Bridge Fellowship is designed to inspire and equip a new generation of young visionary Nigerian leaders with requisite skills […] Read Full Story

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Diaspora cash remittances drop by 27% to $17.2bn

    Bright  prospects for 2021 as Q4’20 records 10.6% growth By Babajide Komolafe In apparent reflection of the severe impact of the COVID-19 pandemic on the incomes of Nigerians living abroad, diaspora remittances   inflow into the country fell 27 per cent, year-on-year, (YoY) to $17.2 billion in 2020 from $23.55 billion. The 27
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How to achieve irreversible recovery, inclusive growth – Bank CEOs, experts

Chief executive officers of Nigerian banks and financial experts have enumerated measures and policies that the government should implement in order to achieve irreversible recovery and inclusive growth as the country had a perfect ‘V shaped’ recession in 2020. In a joint communiqué issued at the recently concluded one- day Special Summit on the economy
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GTBank grows pretax profit by 2.8% to N238.1bn

By Peter Egwuatu Despite the impact of coronavirus, COVID-19 and lockdown of the economy, Guaranty Trust Bank, GTBank, Plc has recorded a growth of 2.8 per cent in its Profit Before Tax, PBT to N238.1 billion for the audited financial result ended December 31, 2021 from N231.7 billion in the corresponding period of 2019. A
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Blackout lingers as Discos reject 5,452.96MW of electricity

Power distribution companies rejected a total of 5,452.96 megawatts of electricity in one week amid the outcry of blackout in various locations across the country by consumers. Latest industry figures on the Discos load summary obtained from the Transmission Company of Nigeria in Abuja on Saturday showed that the power distributors rejected this quantum of...

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Power generation falls to 3,657MW as hydro output plunges

Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower plants tumbled by more than a third. The latest data obtained from the Nigerian Electricity System Operator showed that the power plants on the national grid generated 3,657MW as of 6am on Sunday, down from 4156.7MW...

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Forex scarcity hampering airlines’ operations, says Onyema

Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume operations. Chairman and Chief Executive Officer of the airline, Allen Onyema who said this in a statement titled ‘Air Peace reaffirms its order of Boeing 737MAX’ also said that foreign exchange scarcity was inhibiting the...

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Lagos gives Catholic mission four hectares of land

The Lagos State Government has handed over four hectares of land to the Catholic Archdiocese of Lagos for the construction of Bethlehem Girls College that was affected by Abule-Ado explosion. The Commissioner for Special Duties and lnter-Governmental Relations, Tayo Bamgbose-Martin, presented the land documents to the representatives of the Catholic Archdiocese of Lagos on behalf...

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CBN planning N90bn N’Delta integrated agric – Akpabio

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has disclosed that the Central Bank of Nigeria plans to expend N90bn in the nine states of the Niger Delta region in its integrated Agricultural Programme to train youths in fishery, rabbitry, piggery and others. He expressed the readiness of the Federal Government to collaborate with...

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CBN planning N90bn Niger Delta integrated agric – Akpabio

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has disclosed that the Central Bank of Nigeria plans to expend N90bn in the nine states of the Niger Delta region in its integrated Agricultural Programme to train youths in fishery, rabbitry, piggery and others. He expressed the readiness of the Federal Government to collaborate with...

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FG addresses challenges slowing down Lagos-Ibadan Expressway project

The Federal Government has said that it is dealing with the challenges of compensation payment and relocation of services slowing down Lagos-Ibadan Expressway rehabilitation and reconstruction project. The Permanent Secretary, Federal Ministry of Works and Housing, Alhaji Babangida Hussaini, said this during a technical inspection of roads in Lagos. While noting that the speed of...

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