The domestic bond market has been an attractive place for the federal and state governments to raise funds to finance developmental projects, but private companies appear not interested despite its huge potential. OYETUNJI ABIOYE examines the issue. While companies are still visiting the capital market to raise funds, the same […]
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AMCON battles to sell N4bn private jet
The Asset Management Corporation of Nigeria is facing major challenges in selling its N4bn private jet, which it put up for sale through a public notice about four weeks ago. Our correspondent learnt that one of the difficulties in disposing of the airplane was the current slow demand for private […]
Nigeria signs $1.3 billion power plant deal with China
Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who […]
