Dangote to single-handedly double Nigeria's refined oil output by 2016
Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would almost double Nigeria's oil output.
JW_DISQUS_ADD_A_COMMENTRead more: Dangote to single-handedly double Nigeria's refined oil output by 2016
'Shell Paid N6.7 Trillion To FG In Four Years' -Leadership
The federal government collected $42billion (or 6.7 trillion) revenue from Shell Petroleum Development Company of Nigeria Ltd (SPDC) between 2008 and 2012.
JW_DISQUS_ADD_A_COMMENTRead more: 'Shell Paid N6.7 Trillion To FG In Four Years' -Leadership
Nigeria’s first export of steel set for April
Nigeria's first consignment of steel for export will commence this month as African Foundries Limited, a foreign company operating in Nigeria, will begin export of steel to Ghana.
JW_DISQUS_ADD_A_COMMENTInvesting In Nigeria? Yes Or No
What's a little corruption, kidnapping, and conflict in the face of 50% returns? That's what Global X is asking with its launch this week of an exchange-traded fund dedicated entirely to Nigeria. But do investors really need direct exposure to Africa's most populous nation? Probably not.
JW_DISQUS_ADD_A_COMMENTFG offers to sell Omotosho power plant to Chinese firm
Nigeria has offered to sell a major power station to the Chinese engineering firm that has upgraded the plant, the privatisation agency said, as it aims to end power shortages that are the biggest brake on economic growth.
JW_DISQUS_ADD_A_COMMENTRead more: FG offers to sell Omotosho power plant to Chinese firm
Cash Bonanza: FG, States To Share $2b From Excess Crude Account
Nigerian President Goodluck Jonathan approved the distribution of $2 billion from oil- revenue savings to be shared by the country’s 36 states and federal government.
JW_DISQUS_ADD_A_COMMENTRead more: Cash Bonanza: FG, States To Share $2b From Excess Crude Account
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