September 26, 2017

Universal Service Provision Fund (USPF) plans 1000 BTS for rural communities

Fund plans 1000 BTS for rural communities... NAIJA INVEST

The Universal Service Provision Fund (USPF) said it would build 1000 base transceiver stations (BTS) yearly in rural communities over the next five years to deepen telecoms penetration and improve service quality. Its Secretary, Mr Abdullahi Maikano, made this known in Lagos at a stakeholders’ forum to discuss the new operating model for the key area implementation of connectivity, which include connectivity and access to ensure sustainability of the rural access. Minister of Communications Technology, Mrs Omobola Johnson, lamented recently that more than 40 per cent of the rural communities in the country were disenfranchised from the benefits of the telecoms revolution….

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NAHCO receives shareholders’ nod to raise N25b for business diversification, expansion

NAHCO receives shareholders’ nod to raise N25b for business diversification, expansion... NAIJA INVEST

NIGERIAN Aviation Handling Company Plc (NAHCO Aviance) has received shareholders’ approval to raise about N25 billion from the capital market to finance its diversification programme. The approval from shareholders to raise fresh capital not exceeding N25 billion from the capital market was received at the company’s 32nd yearly general meeting held in Abuja on Friday. NAHCO, a diversified enterprise with interests in aviation cargo, aircraft handling, crew and passenger transportation service delivery, is embarking on diversification and expansion programme. According to the company, the fund would be utilized into ventures like power, free trade zone, and business expansion into other…

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Investment opportunities seen in Nigeria’s $2bn rig repair market

RIG... Investment opportunities seen in Nigeria’s $2bn rig repair market... NAIJA INVEST

The Nigerian maritime and logistics services sector is brimming with untapped investment opportunities valued at over $2 billion for indigenous and foreign investors in the ship and oil rig repair business. The business also promises to be a key employment driver, BusinessDay findings have shown. Findings also show that in terms of revenue and job creation, one repair facility is capable of domesticating over $200 million annually, and generating about N12 billion in Customs duties, millions of dollars for the Nigerian Ports Authority (NPA) as dues collected from vessels and rigs that call the facility, as well as about 1,000…

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FG to Realise 4000MW of Electricity from Coal Reserves

FG to Realise 4000MW of Electricity from Coal Reserves... NAIJA INVEST

The federal government has stated that about 4000 megawatts (MW) of electricity would be realised from Nigeria’s proven coal reserve of 639 million tonnes. Minister of Power, Prof. Chinedu Nebo, made the disclosure while inaugurating an eight-member committee to develop a workable framework that could galvanise long term use of the country’s abundant coal resources to improve her power generation capacity. Nebo stated that as part of government’s conscious steps to diversify Nigeria’s energy supply mix, the ministry of power has mandated the committee, which is headed by the Director of Power in the ministry, Sanusi Garba, to review the…

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UK to equip 10 hospitals in Jigawa

UK to equip 10 hospitals in Jigawa... NAIJA INVEST

THE Department for International Development (DFID) of the United Kingdom has promised to equip 10 hospitals in Jigawa State. DFID would also offer some free drugs and medical services to people of the state. These were disclosed by the DFID National Project Manager in Nigeria, Mr. Mike Egbon, over the weekend while speaking at Ringim Emir’s palace. The occasion was a Mega Community Mobilization and Engagement on Safe Motherhood and Immunization Participation in the state. Egbon said the DFID is impressed with the state government commitment on health delivery where about 15 percent of the state2013 budget had been allocated…

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