W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Why marginal fields are not operational
THE President of the Nigerian Association of Petroleum Explorationists (NAPE) said the award of most of the marginal fields to politicians instead of technocrats is one of the things responsible for their non-functioning since 2003.
Rep signifies major changes underway in oil sector
THE Nigerian National Petroleum Corporation (NNPC) may have started measures towards selling the nation’s old refineries, as well as withdrawal of licences from inactive investors in the sector.
Power outage: FG seeks AfDB’s support for distribution network expansion
AS the nation continues to grapple with epileptic electricity supply, the Federal Government has made passionate appeal to the management of African Development Bank, AfDB, to assist in expanding its power distribution network.
Fidelity Bank grows profit by 65% to N16.2bn
Fidelity Bank Plc, yesterday, released its third quarter, Q3, results ended September 30, 2017, recording a Profit Before Tax, PBT, of N16.236 billion, against N9.835 billion in the corresponding period of 2016, thus representing 61.5 per cent growth.
Why banks, finance houses fail — FundTrust boss
At the backdrop of a history of success in financial services, Managing Director of FundTrust Multipurpose Cooperative Society, Chief Silas Ifeanyi, has identified fraud and lack of skills in financial management as the major causes of crashes among some financial institutions in the country.
