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IFC invests fresh $100m on African infrastructure

IFC invests fresh $100m on African infrastructure

THE International Finance Corporation, IFC, a member of the World Bank Group, has agreed to invest $100 million in the Africa Infrastructure Investment Fund 2, an equity fund that would promote the development of basic infrastructure in Africa.

Econet protests Zain sale, makes comeback bid to Nigeria

Econet protests Zain sale, makes comeback bid to Nigeria

INDICATIONS emerged, Wednesday, that all is still not well with Zain as pioneer GSM investors in Nigeria, Econet Wireless International, is determined to return to the country by getting Zain’s deal with Bharti Airtel reversed so that it can exercise its right of first refusal on the 65 per cent stake that Zain is selling to Bharti.

Stakeholders protest ministers’ postings

Stakeholders protest ministers’ postings

Some maritime stakeholders have kicked against the appointment of a non-core transport professional as Minister of Transport while the appointment of Mrs. Zeiani Allison-Madueke as the Minister of Petroleum Resources, has been condemned by the Executive Director of Environmental Rights Action/Friends of the Earth, ERA/FoN, Mr. Nnimmo Bassey, who described her appointment as unacceptable.

Ajumogobia queries contractors over slow pace of work

Ajumogobia queries contractors over slow pace of work

The new Minister of Foreign Affairs, Odein Ajumogobia has invited the contractors handling the new Ministry of Affairs headquarters building to a meeting in his office to explain the slow pace of work and other issues related to the building.

Ajegunle killings: CP apologises to bereaved families

Ajegunle killings: CP apologises to bereaved families

The Lagos State Commissioner of Police, Mr Marvel Akpoyibo, Wednesday paid a condolence visit to the family of the late Charles Okafor who was killed during a raid by some policemen from Ajegunle division, where he said all policemen that took part in the raid had been arrested.