Infrastructure Infrastructure Financing News & Reports Roads

FG Approves Infrastructure Support Fund for States

President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for states as part of measures to cushion the effects of the petrol subsidy removal on the Nigerians. A statement by Mr Dele Alake, Special Adviser to the President on Special Duties,  Communications, and Strategy, said the approval was disclosed at the monthly …read more →

Banking and Finance Education Infrastructure News & Reports

At UK Polo Day: Access Holdings Secures Pledges for the Construction of 100 Classroom Blocks in Nigeria

Access Holdings, a leading African finance institution committed to making a difference, has once again demonstrated its dedication to ensuring children have the chance to access quality education. Through its recent Polo Day, held at the esteemed Guards Polo Club in Windsor, United Kingdom, the group secured pledges for the construction of 100 classroom blocks …read more →

ENERGY Infrastructure News & Reports

Shell to Supply Morocco With LNG in a 12-year Deal

Shell (SHEL.L) will supply Morocco with an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG) under a 12-year deal, the North African country’s energy ministry said on Friday. The deal was signed by electricity and water utility ONEE and Shell, a ministry statement said without disclosing financial terms of the transaction. The …read more →

Banking and Finance News & Reports WORLDReport

Access Bank Plc (Access) enters into acquisition agreements with Standard Chartered Bank

Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator in Nigeria.  The announcement was …read more →

Economy News & Reports Technology

How MSMEs can increase Nigeria’s GDP by $50bn – NITDA

The National Information Technology Development Agency (NITDA) says that digitalisation of Micro, Small and Medium Enterprises (MSMEs) could increase Nigeria’s Gross Domestic Product (GDP) by 50 billion US dollars. The Director-General, NITDA, Mr Kashifu Inuwa Abdullahi, said this during his visit to the GIZ/Digital Transformation Centre, Nigeria office as a special guest at its Techmybiz pitch-a-thon event in Victoria Island, Lagos. Abdullahi said …read more →

Banking and Finance Economy Infrastructure Financing News & Reports Telecom Trade and Investments

Telecoms Investments Hit $76bn, 5G Subscriptions Now 60,000 ­­— NCC

Total investments into the telecommunication sector rose to $75.6bn as of the end of 2021, the Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has disclosed. According to him, this comprises foreign direct investment and local investment as of 2021. He stated this at an interactive session with stakeholders in the communications …read more →

Banking and Finance ENERGY Infrastructure Financing News & Analysis WORLDReport

Tinubu Seeks Assistance of Bank of America, Others for Nigerian Gas

President Bola Ahmed Tinubu has sought the assistance of the Bank of America and other willing financing institutions to help Nigeria in various capacities, such as in partnering to ensure Nigerian gas competes favourably in the global market, as a viable source of alternative revenue The President stated made the request while receiving officials of …read more →