The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others.
The company and its promoters were last year charged before the Federal High Court in Abuja for investment fraud amounting...
The African Development Bank Group, on 16 February 2021, announces the 36-month debarment of Global Interjapan (Kenya) Limited with effect from 24 August 2020. Global Interjapan (Kenya) Limited is a civil engineering company registered in Kenya.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Global...
Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum has said that the Steering and Program Coordinating Committees of the Nigeria-United Nations Industrial Development Organisation (UNIDO) Country Program (CP) 2018 - 2022, would move fast in ensuring timely and effective implementation of the programs and projects,...
The Abuja Chamber of Commerce and Industry (ACCI) has congratulated Dr Ngozi Okonjo-Iweala for her emergence as the Director General(DG) of the World Trade Organization (WTO) , describing her as ” a shining light” in trade diplomacy.
Okonjo-Iweala who was a two-time Minister of Finance, and also a Minister of...
The President of the European Central Bank, Christine Lagarde has congratulated Dr. Ngozi Okonjo-Iweala on her selection as the first female and the first African to be chosen as the Director-General of the World Trade Organisation (WTO).
Lagarde who was the former Managing Director of the International Monetary Fund (IMF)...
WTO members made history today (15 February) when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General.
When she takes office on March 1, Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term,...
Nigerian Investment Promotion Commission (NIPC) reports that US$16.74 billion was tracked as investment announcements for the year 2020. This is 44% less than the value tracked in 2019 (US$29.91 billion).
This information was obtained from the NIPC Intelligence Newsletter.
TheFact Nigeria observed that the drop in value can be attributed to...
Ecobank Nigeria, a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February...
The Securities and Exchange Commission (SEC) has finally reacted to the recent debate on the Cryptocurrency transactions in the country.
SEC said, it has received several comments and inquiries from the public on a perceived policy conflict between the SEC Statement on Digital Assets and their Classification and Treatment of...
The Managing Director/CEO, Federal Roads Maintenance Agency (FERMA), Engr. Nuruddeen Rafindadi, has said that SERVICOM would be made a strategic stakeholder of the Agency.
The MD pledged to continue to intensify efforts in ensuring that the administrative processes for achieving the Agency’s mandate for better and more efficient service delivery...
