DFID report shows learning equity at Bridge Nigeria Schools
The newly published report by the United Kingdom (UK) Department for International Development (DFID) has revealed complete equity of learning in Bridge International Academies...
Experts worried about no savings amid rising crude prices
An oil and gas governance consultant, Henry Adigun, has expressed worry over Nigeria’s savings culture, saying despite the rise in oil prices in recent times...
Poor resource use raises economic woes
Nigeria has, over the years, displayed lack of governance in the management of crude oil proceeds, which has, till date, become an albatross to the development of the economy, with the sector’s outlook constantly dictating the pace and direction of standard of living, fiscal and monetary operations and growth.
NBET’s $350m investment in NSIA yields $67m profit
Power generating firms may soon heave a sigh of relief as the Nigeria Bulk Energy Trading Company Plc (NBET) has received $417.46 million from the Nigerian Sovereign Investment Authority (NSIA).
NSIA blames decline in profit on currency management
The Nigeria Sovereign Investment Authority (NSIA), the agency managing the Sovereign Wealth Fund (SWF) has recorded a decline in its profit from N130.3 billion in 2016 to N22.5 billion in 2017.
PFI initiative has eliminated fraud in fertiliser subsidy system, says NSIA
The Nigerian Sovereign Investment Authority (NSIA) has said that the careful and committed implementation of the Presidential Fertiliser Initiative (PFI) by the Federal Government in partnership with the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) has totally eliminated the conduits in fertiliser subsidy programmes.
SWF, ministry sign MoU for $20m cancer, kidney centres
The Nigerian Sovereign Investment Authority (NSIA), operators of the Sovereign Wealth Fund (SWF) and the Ministry of Health have signed an agreement to provide tertiary health care...
Respite for Nigeria as crude oil hits $70 per barrel
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries...
Senate rejects probing excess crude account, seeks abolition
The Senate has thrown out a motion seeking a thorough investigation into alleged abuse of the Excess Crude Account (ECA) from 2004 to date.
Nigeria records less than 0.5 per cent oil savings in 11 years
Despite generating revenue from crude oil export from 2005 to 2015, Nigeria recorded less than 0.5 per cent savings in its Excess Crude Account (ECA), according to the Nigeria Extractive Industries Transparency Initiative (NEITI).