General Electric (GE) confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Nigerian President Muhammadu Buhari said…
Read More GE to invest $2bn in railway project
A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). It also reported that…
Read More Seven banks undercapitalised -Report
he Naira on Monday consolidated its gain against the dollar at the Forex market. Since the resumption of the sale of Diaspora remittances to Bureau De Change by Travelex, the…
Read More Naira onsolidates gain against the dollar
Ebun Francis with agency reports The government of Ethiopia on Monday blamed elements in Eritrea for the crisis in the country that lead to the burning and destruction of factories…
Read More Ethiopia blames Eritrea for attack on Dangote
Ebun Francis Multilateral funding agencies have made a commitment to support Nigeria’s investment in infrastructure by using creative financial instruments that will attract more money to close the infrastructure gap…
Read More Nigeria’s infrastructural devlpt to be backed by multilateral agencies – Adeosun