May 6, 2021
  • May 6, 2021

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Nigeria seeks private sector investment to boost infrastructural

by on December 3, 2020 0
GFDNews Correspondent Nigeria on Thursday said it plans to adopt new models of investments for infrastructural development in the country as public sector expenditure alone is no longer sufficient or capable of meeting the $3 trillion needed to bridge the infrastructural deficit over the next 30 years. Vice President Yemi Osinbajo stated this in... Read More

African Energy Investment Corporation to cite HQ in Nigeria

by on November 26, 2020 0
Nigeria has said it welcomed the decision of the African Petroleum Producers’ Organisation (APPO) to cite the headquarters of the African Energy Investment Corporation in Abuja, pledging the full support of the country in ensuring the successful take-off of the organisation. President Muhammadu Buhari at a meeting with Omar Farouk from Nigeria, who is... Read More

CBN to compel banks to invest funds in dormant accounts in govt assets

by on November 23, 2020 0
GFDNews Correspondent The Central Bank of Nigeria (CBN) has been empowered by the recently signed Banks and Other Financial Institutions Act (BOFIA) 2020 to compel financial institutions to create dormant account registers for the purpose of transferring and investing the pool of funds left in such accounts by their customers. The new banking regulations... Read More

AfDB seeks Japanese private sector investment in Africa

by on October 7, 2020 0
The African Development Bank (AfDB) has urged Japanese investors to collaborate with local partners in Africa in order to stimulate growth on the continent. The continental lender, which hosted the Japanese private sector on a Webinar on doing business in Africa, said Africa need more investment from Japan and the bank is ready to... Read More