Tag: $8 billion

MTN and Stanbic IBTC mentioned In $8b Money Laundering Petition

Sunday, February 09, 2014 16.21 PM / TheWill / National Daily Newspaper …MTN used as conduit pipe to deplete Nigeria’s external reserves Telecoms giant MTN Nigeria has been accused of engaging in large scale money laundering which has helped in not only depleting Nigeria’s Foreign Exchange (Forex) reserves but also […]

Cement industry attracts $8bn new investments – Aganga

Nigeria’s cement industry has attracted additional investment worth $8bn, driven largely by the implementation of the Federal Government’s Backward Integration Policy, according to the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga. The minister, who said this during a meeting with the Indian business community in Lagos on Wednesday, […]