As the Nigerian economy continues to attract foreign investors, a group of Americans have concluded plans to establish a tractor manufacturing firm in Nigeria. This is in line with the vision of the federal government to diversify the nation’s economic base from oil to other sectors such as agriculture where the country has comparative advantages.

The management of Ibom Power Station said the plant has made significant progress in power generation since it began operations in December 2009, which peaked at 68 megawatts, MW in December 2011.

A Kano State-owned mortgage bank, the Dala Building Society, says it has disbursed N1.36 billion housing loans to no fewer than 2, 400 civil servants in the state. The Acting Managing Director of the bank, Alhaji Abdulnasser Abdu, told the News Agency of Nigeria (NAN) in Kano on Saturday that N480 million were disbursed 2,000 workers from May 2011 to date.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has directed a team of gas experts to commence a weeklong tour of all gas installations and projects listed for the production of additional gas under the Gas Supply Emergency Programme.

Globacom Limited Friday introduced a unique, low tariff calling platform tagged Oloja, a variant of Glo Infinito tariff platform, for market men and women in Ogun State in the company’s bid to make telephony affordable to them.