Business

NSIA assets now N1tr, says MD

NSIA assets now N1tr, says MD   Representative of the Director-General, Nigeria Governors’ Forum, Abdullfatif Shittu (left); Director-General, Nigeria Sovereign Investment Authority (NSIA), Aminu Umar-Sadiq and Executive Director (Operations and Corporate Services), NSIA, Bisi Makoju during their meeting with House of Representatives Ad hoc Committee investigating NSIA since inception, at[Read More…]

UK charges ex-Petroleum Minister, Diezani Alison-Madueke for corruption

UK charges ex-Petroleum Minister, Diezani Alison-Madueke for corruption   Nigeria’s former petroleum minister, Diezani Alison-Madueke, has been charged with bribery offences following a National Crime Agency investigation. Mrs Alison-Madueke, aged 63, who also served as president of the Organization of the Petroleum Exporting Countries (OPEC), was a key figure in[Read More…]

Federal Govt Impressed With $3 Billion NNPCL/Afreximbank’s Deal To Rescue Naira

Federal Govt Impressed With $3 Billion NNPCL/Afreximbank’s Deal To Rescue Naira The Federal Government has expressed satisfaction with the fact that $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange[Read More…]

Tinubu targets 11,500 gas-powered vehicles in new initiative

Tinubu targets 11,500 gas-powered vehicles in new initiative   President Bola Ahmed Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to facilitate nationwide adoption of gas-powered vehicles. The Special Adviser to the President (Media and Publicity), Ajuri Ngelale, in a statement, on Saturday said the[Read More…]