Business
Lagos-Calabar Highway: American Investors Decry Destruction Of N375bn Investment
In a dispute over the destruction of their N375 billion real estate investment, a group of American investors has urged President Bola Ahmed Tinubu to step in. The investors, acting through the Association of Nigerians in Diaspora, assert that despite possessing the required certifications and approvals, the $250 million houses in Okun Ajah, Lagos State, were ordered to be demolished by the Minister of Works, Engr. David Nweze Umahi. Engr. Stella Ifeoma Okengwu, Managing Director of Winhomes Global Services Limited, claimed during a global press conference that Umahi’s actions show a pattern of unlawful demolition, power abuse, bribery, corruption, andRead More
TCN Explains Nationwide Load Shedding, Blames Gencos For Worsening Power Supply
The Transmission Company of Nigeria (TCN) yesterday attempted to explain the worsening nationwide power supply, stating that the Generation Companies (Gencos) were not generating enough electricity to be transmitted byRead More
NCDMB: Afreximbank Invested Over $42bn In African Enterprises In Five Years
Africa must address funding, technology, other limitations to achieve energy security, says Sylva The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that the African Export-Import Bank (Afreximbank) hadRead More
NEITI: Companies Owed FG N1.32trn In 2020, Oil Revenue Dipped By 40%
$394bn remitted to government in 10 years, 4% of Nigeria’s gas production unaccounted for The Nigeria Extractives Industries Transparency Initiative (NEITI) yesterday revealed that oil companies’ liabilities to the federationRead More
