Nigeria to rake in N14.67tn investments in 2017

If all things go well, Nigeria will rake in about N14.67tn into its economy from both foreign and local investors before the end of the 2017 fiscal year. This is according to statistics obtained from the Ministry of Budget and National Planning, at the weekend. Details of the projection showed that, when compared with 2016…

NIgeria suffered lowest capital inflow in 2016 —Report

Nigeria’s total capital inflows, made up of foreign direct investments and loans, fell to all time low of 48.6% in 2016. According to a report by an international monitoring agency, Meristem, a total of capital importation into Nigeria recorded the worst decline in 10 years in 2016 with only about $80.9 billion, covering capital international…

$68b Worth of Investments Hits Nigerian Telecoms

Tony Ojobo, Abuja: Investment in broadband connectivity, infrastructure the next frontier Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35b comes from Foreign Direct Investments (FDIs). The immediate past Secretary General of the International Telecommunications Union (ITU), Dr….

Military Investment: Dickson Hails Airforce

BALTIMORE, MD (AFRICAN EXAMINER) – Bayelsa State Governor Hon. Seriake Dickson on Friday saluted the efforts of the Nigerian Air Force for making strategic investments aimed at improving the welfare and professionalism of its personnel in the state. Governor Dickson gave the commendation at the commissioning ceremony of 8 of its projects embarked upon by the Air…

Buhari won’t go to war with Niger Delta people -Minister 

Is President Muhammadu Buhari contemplating a war in the Niger Delta? No, says Niger Delta Affairs Minister Usani Uguru Usani. Usani, a pastor, whose responsibility is to bring about a turnaround in the fortune of the oil-rich region, told The Nation that contrary to belief in some quarters, the Buhari administration has immense humane disposition towards the Niger/Delta…

FCT expands scope of waste management

In order to tackle the problem of waste management headlong in Abuja, the FCT Administration will finetune its Waste Management Programme. The FCT Minister, Muhammad Musa Bello, dropped this hint after paying an unscheduled visit to the Waste Transfer Stations in Apo, Mpape and Kubwa. The Minister who inspected these sites alongside the FCT Permanent Secretary, Dr. BabatopeAjakaiye, warned that Abuja is expanding and therefore waste transfer stations have to be…

FG Raises N213bn In Treasury Bills

The federal government on Thursday raised N212.85 billion ($654.92 million) in an auction of treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office (DMO) has revealed. The DMO raised N45.85 billion of three-month paper at 14.38 per cent, down from 14.99 per cent in mid-August; N62 billion…

FG allays fears over economic recession

Our Reporters Federal Government has expressed optimism that the nation’s economic outlook remained bright, irrespective of the contraction in the GDP growth rate recorded in the last quarter. Several Nigerians have expressed disgust over the scary report rolled out confirmed that the country’s economy has slipped into recession. Adeyemi Dipeolu, Special Adviser to the President,…

Investments In Ogun Free Trade Zone Gets New Chinese Managers

The new management of Ogun Free Trade Zone, Igbesa, has dispelled insinuations that the multi-million dollars investment at the zone is at risk following the takeover by a new team of Chinese managers. They stated that, “not only are the current investors not leaving the Zone, the new management under the New South Group are…

Cloud adoption hampered by complexity, lack of integration – Oracle

A growing divide between IT and business is leading many businesses to take the wrong approach to cloud Oracle’s new pan-EMEA study has revealed that while many European companies are embracing the move to the Cloud, nearly half are struggling, wrestling with increases in Cloud integration costs and data silos. A key reason for this…