Business Hilights

Tracking Nigeria's Headline Business News Online

National Theatre

Editorial: When did CBN, Bankers’ Committee develop asset investment arm?

The weekend’s colourful handover of the massive National Theatre, Iganmu, Lagos built in 1976 for hosting of FESTAC ’77 under Gen. Olusegun Obasanjo, has continued to generate reactions from investment experts. Weekend and Sunday, July 12, 2020 to be precise,…

National Theatre: Are FG, CBN, NBC unaware of concessionaire before planning redevelopment?

Rewind to when the Central Bank of Nigeria (CBN) and the Nigerian Bankers Committee (NBC) unveiled their joint plan to revive the National Theatre at Iganmu, Lagos, with about N25bn at the 11th Bankers Committee retreat in Ogere, Ogun State,…

3 months after, no signal from Bankers Committee on National Theatre

In September last year the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele told Nigerians that it has sealed strong understanding with the Nigerian Bankers Committee (NBC) to invest a whooping N22bn in the redevelopment of moribund National Theatre,…