President Muhammadu Buhari on Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in 10 years. This, according to him, was a result of the uncertainty of the non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in the petroleum industry. In his remarks[Read More…]
Tag: Investments
Governor Nasir El-rufai Says Bill Gates Remarks On Buhari’s Economic Plans “Incorrect”
Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, says the execution process of the economic and recovery growth plan (ERGP) does not reflect the needs of Nigerians. The ERGP is a medium term document launched by President Muhammadu Buhari administration in 2017 to restore the nation’s economic status after it[Read More…]
Dangote To Invests $12b In Nigeria Economy
The President, Dangote Group, Aliko Dangote has said he will invest $1.2bn in Nigeria’s economy. This was contained in a statement felicitating with Muslims on the Sallah celebration, he expressed his firm belief in the Nigerian economy. He said that of the $12b, $2.3 billion would be invested in sugar[Read More…]
Nigerian Stock Exchange Market Capitalisation Rises To N130 billion
The Nigerian Stock Exchange’s (NSE) market capitalisation on Tuesday appreciated by N130 billion due to huge gains posted by some blue chips. The News Agency of Nigeria (NAN) reports that the market capitalisation increased by 1.02 per cent to close at N12.831 trillion against the N12.701 trillion achieved on Monday.[Read More…]
