Education Infrastructure News & Reports Roads

Nigeria: Abdulrazaq Proposes ‘Social Audit’ For Kwara Projects

Kwara State Governor AbdulRahman AbdulRazaq has proposed a social auditing process — the first in Nigeria — that allows civic groups and communities to monitor government projects in the state to ensure that quality jobs are done.  AbdulRazaq said the social auditing he proposes would see civic groups and communities monitoring projects and issuing independent …read more →

ENERGY Power WORLDReport

World’s largest green hydrogen facility to be constructed in Saudi Arabia

The world’s largest green hydrogen facility is set to be constructed in the North West corner of the Kingdom of Saudi Arabia. The US $5bn plant will supply 650 tons per day of carbon-free hydrogen for transportation globally and spare the world of 3 million tons of carbon dioxide every year. The joint venture project …read more →

Banking and Finance

Heirs Holdings, Elumelu Increase Stake in UBA with N288M worth of Additional Shares

Heirs Holdings and the Chairman of United Bank for Africa plc (UBA), Tony Elumelu have increased their stakes in UBA by a total of N288.4 million worth of additional shares in the bank. The deal saw both Elumelu and Heirs Holdings acquiring additional 62,643,500 shares from the market on Monday, to further increase his stakes …read more →

Infrastructure Infrastructure Financing News & Reports

Nigeria Approves Establishment of Infrastructure Development Company

The Central Bank of Nigeria (CBN) is to establish an Infrastructure Development Company, its governor, Godwin Emefiele, disclosed on Monday in Abuja. Mr Emefiele, who spoke during the online media briefing at the end of the 274th meeting of the Monetary Policy Committee MPC) said the company would leverage on local and international funds to rebuild critical …read more →

Infrastructure News & Reports Telecom

Smart City Initiative: Lagos Begins Fibre Duct Infrastructure Project

The Lagos State government has begun its smart city initiative with the unified fibre duct infrastructure and connectivity project across all the Local Government Areas and local community development Areas in the state. In a statement from Western Telecoms and Engineering (the Special Purpose Vehicle in charge of the project), the project will enable the …read more →

Infrastructure Maritime News & Reports

FG to Install Large Size Cargo Scanners in Onne & Tin Can Ports

The Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, also revealed that the Council approved a variation of 18.12million dollars and additional N3.25billion for the supply and installation of three Rapsican mobile Cargo Scanners. “Today at council, we presented two memos, the first memo was for seeking council’s approval for the revision of …read more →

AFRICAReports News & Reports Roads

Nigeria Set to Produce Bitumen for its Roads Construction

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari, has approved a new policy on local production of bitumen to further diversify the nation’s economy. The Minister of Works and Housing, Babatunde Fashola (SAN), disclosed this at the end of the Council meeting which lasted for over eight hours on Wednesday. He said …read more →

AFRICAReports Infrastructure News & Reports Power

Nigeria Installs First Commercial Under-grid Mini-grid Power Project In Mokoloki

Nigeria has installed its first rural commercial undergrid mini-grid in Mokoloki, a rural community in Ogun State. The project, an initiative of Rocky Mountain Institute (RMI), the Ibadan Electricity Distribution Company (IBEDC) and Nayo Tropical Technology (Nayo Tech), with the support from the Nigerian Rural Electrification Agency (REA) would supply power to no fewer than …read more →