* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
Tag: President Goodluck Jonathan
Nigeria’s UBA looking to put $2 bln into African power sector
* UBA seeks to invest $2 bln in Africa power projects * Loan book growth up 14 pct in 6 months Nigeria’s United Bank for Africa (UBA) has invested $700 million this year financing power assets in Africa’s second biggest economy and is looking to put $2 billion into power […]
Jonathan Commissions WEMPCO Steel Mills, Promses Upgrade of Infrastructure
President Goodluck Jonathan on Thursday promised to improve the country’s major infrastructures by increasing investments in electricity generation and road and rail networks Speaking at the official commissioning of WEMPCO Steel Mills Co. Ltd in Ibafon, Ogun State, the said the Federal Government would continue to work towards attracting foreign […]
