FG to invest $1.6bn in power transmission

The Federal Government on Thursday said it would invest 1.6 billion dollars to upgrade and expand the power transmission network. The Minister of Power, Prof. Chinedu Nebo, made this known when a delegation of the Bankers’ Forum visited him in his office in Abuja....

NNPC Explores Gas Sales Potential in European Market

The Nigerian National Petroleum Corporation (NNPC) has disclosed that it is looking for more markets for Nigeria’s gas. It stated that it was looking further into the European markets for sale of gas, adding that through such possible markets, it hopes to generate...

Nigeria’s economy created 1.2m jobs in 2013 -NBS

The Nigerian economy created a total of 1.163 million jobs within the 2013 fiscal year, the National Bureau of Statistics has said. The jobs, according to the bureau in its latest job creation survey result released on Monday were created in the formal, informal and...

Port of Koper Expansion Project Faces Delays

Port of Koper Expansion Project Faces Delays

A key portion of a major expansion project in the port of Koper, Slovenia's only commercial seaport, looks like it could be delayed due to problems with the dredging of the seabed. Photo: Lika Koper Port operator Luka Koper said on Tuesday it would not renew the...

Rebased GDP attracting more investors – LCCI

Rebased GDP attracting more investors – LCCI

The Lagos Chamber of Commerce and Industry has said the recent rebasing of the country’s Gross Domestic Product which makes the economy the largest in Africa, has generated increased interest in the Lagos International Trade Fair. The rebasing which was done earlier...