Nigerian govt. targets N100trn. value earning from restructured MOFI by 2033
By Bassey Udo The Federal Government on Wednesday unveiled the restructured Ministry of Finance Incorporated (MOFI) into an active investor capable of deriving about N100 trillion its asset value portfolio…
Buhari’s reforms responsible for rising diaspora investments back home, says Osinbajo
By Bassey Udo The rising interest by Nigerians abroad to invest back home is as a result of Buhari administration’s ease of doing business reforms, Vice President Yemi Osinbajo has…
540 entrepreneurs in 6 states to receive National Business starter packs
MEDIATRACNET About 540 entrepreneurs from six states are to receive the National Business Development Initiative (NBDI) business starter packs, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has…
Privatisation Council approves governance framework for proposed $3bn hydropower plant in Benue
By Bassey Udo The National Council on Privatization (NCP) on Monday approved a governance framework for the development of a $3 billion hydropower plant proposed for Makurdi, Benue State. The…
Nigeria’s sovereign wealth agency seal pact to commit fresh $100m in health sector
By Bassey Udo The Nigeria Sovereign Investment Authority (NSIA) on Thursday signed agreement to commit an additional $100 million investment in the country’s health sector. The Managing Director (MD) of…
Dangote Cement Shareholders approve N20 per share dividend
MEDIATRACNET PICTURE CAPTION L-R: Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Michel Puchercos; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the 13th Annual…
Nigeria to begin production of Military, Paramilitary uniforms in Jan. 2023 – ICRC
MEDIATRACNET Local production of uniforms for its military and paramilitary personnel is to begin from January 2023, the Infrastructure Concession Regulatory Commission (ICRC) has said. The project is a public-private…
Seplat Energy’s pioneer Chair marks exit with LSE opening bell, amid eulogies
By Bassey Udo PICTURE CAPTION Pioneer Chairman, Seplat Energy Plc, ABC Orjiako (right), receives an award from Chief Executive Officer, London Stock Exchange (LSE) Plc, Julia Hoggett, at an opening…
Amid inflation, global headwinds, Nigeria’s wealth agency reports N153.6bn profit for 2021
By Bassey Udo Despite challenges in the global business environment, the Nigerian Sovereign Investment Authority (NSIA) said on Monday it still managed to deliver solid returns on investment to its…
Abba Bello midwife’s NEXIM bank turnaround; gets another 5 year term as MD
By Bassey Udo The Nigerian Export-lmport Bank (NEXIM) has successfully undergone a complete turnaround in its fortunes under the leadership of Abba Bello as Managing Director/Chief Executive, as the Board…