Banking Infrastructure & Capital Projects Investments/Capital Market Latest News Power/Electricity

ADF Board Approves $2Mn Grant For ECOWAS’ Electricity Reforms

The Board of Directors of the African Development Fund (ADF) has approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS). The approved grant, which is the concessional window of the African Development Bank Group (AfDB), will be paid […]

Agriculture & Agribusiness Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy

EU To Partner FG On Investments In Infrastructure, Insecurity Agenda

The European Union (EU) Ambassador to Nigeria and Economic Community of West African States (ECOWAS), Ms Samuela Isopi, has promised to collaborate with the Federal Government in its ongoing efforts to bridge the nation’s infrastructure gap and  tackling the  insecurity challenges. Isopi, who gave this hint during a chat with business editors in Lagos, noted […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News Manufacturing Planning & Economic Development Transportation

FG Reiterates Commitment To Bridge Nation’s Infrastructure Gap

The Federal Government has restated its commitment to the development of infrastructure through Public Private Partnerships (PPP) in order to bridge  the huge gap in the nation’s infrastructure base and by so doing, alleviate the challenges facing stakeholders in their strive to boost the country’s Gross Domestic Product (GDP). The Acting Director General, Infrastructure Concession […]

Infrastructure & Capital Projects Latest News Manufacturing Power/Electricity

Nigeria’s Power Generation Rebounds, Hits 79.04Gwh On Tuesday

The Transmission Company of Nigeria (TCN) on Wednesday reported  that Nigeria’s electricity generation rebounded on Tuesday to 79.04GWh from the 67.17GWh generated the preceding day. The company, in its latest information on the electricity generation and supply trend in the country, also reported that energy supply increased by 17.8% to 78.2GWh on Tuesday, compared to […]

Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development

Local Production Of Military, Paramilitary Uniforms To Begin Jan 2023 – ICRC

The Infrastructure Concession Regulatory Commission (ICRC) has said that local production of uniforms for the nation’s military and paramilitary personnel will commence under a public-private partnership (PPP) joint venture from January 2023. The PPP project is to be implemented by the Defence Industries Corporation of Nigeria (DICON) and Sur Corporate Wear Nigeria Limited. The project […]

Banking Infrastructure & Capital Projects Latest News Planning & Economic Development

TAJBank, ICD Sign MoU On Capital Projects’ Financing In Nigeria

TAJBank Limited, Nigeria’s leading non-interest bank, has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, aimed at attracting funding for major infrastructure projects in Nigeria. The MOU signing between TAJBank and the ICD is to express […]

Economy News Extra Infrastructure & Capital Projects Latest News Marketing & Brands

Worldstage Summit To Focus On Nation’s Infrastructure Deficit

Worldstage Limited, one of Nigeria’s research and technology-driven Africa-focused companies with expertise in multidimensional communication services, has stated that discussions at its WorldStage Economic Summit 2022 will focus on the nation’s infrastructure deficit and how to reduce it to barest minimum in the years ahead. According to a statement by the company, the objective of […]

Banking E-Payment Tech & Solutions Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development

AfreximBank Disburses $300Mn Facility To Titan Trust Bank

Afreximbank, one of Pan-African multilateral financial institutions statutorily mandated to finance and promote intra-and extra-African trade, has disbursed $300 million Intra-African Investment Financing Facility to Titan Trust Bank (TTB) to support its acquisition of a majority stake in Union Bank of Nigeria (UBN) plc. A statement issued by the Afreximbank’s Media Contact, Amadou Sall, on […]

Banking Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development

TAJBank To Launch Maiden Private Sector N100bn Sukuk Offering

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering under a N100 billion programme. The bank’s Sukuk offering, which is currently undergoing regulatory approvals, is expected to be launched soon, marking a historic shift from government-dominated Sukuk offerings to a fully private sector-oriented offering in the Nigerian debt […]

Accounting & Financial Reports Banking Civil Advocacy & Gender Matters Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development

AfDB Reports $2.5Bn Cumulative Profit In 10 Years

The African Development Bank Group (AfDB) has reported that its cumulative profit over the last 10 years totalled $2.5 billion, close to the $3.6 billion paid by shareholders for the 6th General Capital Increase in 2010, despite the disruptions of the Covid-19 pandemic to the global economic order in the past two and a half […]