AFRICAReports Infrastructure News & Reports Power

TCN Successfully Restores National Grid Following Partial System Failure

The Transmission Company of Nigeria (TCN) said it has completed restoration of the national grid after a partial system failure at approximately 11:21 a.m. on Sunday, in a statement late Sunday by its General Manager of Public Affairs, Ndidi Mbah said. Mbah highlighted that immediate efforts were undertaken by TCN to restore the affected section …read more →

Banking and Finance Economy News & Reports Trade and Investments

Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso

Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the nation’s inflation rate will drop. Nigeria’s inflation has been on the rise for 11 consecutive months, reaching its peak in December 2023, according to the National Bureau …read more →

AFRICAReports Economy Infrastructure News & Reports

Shell Agrees to Develop Nigeria Gas Field for Dangote Fertiliser

(Reuters) – Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa’s richest man Aliko Dangote, the company said in a statement. The new facility will supply 100 million standard cubic feet of gas per day from the Iseni field to …read more →

Infrastructure News & Reports Security Infrastructure Technology

NASENI, NPF Partner to Enhance Operational Efficiency

In a significant move to enhance operational efficiency, the National Agency for Science and Engineering Infrastructure (NASENI) has pledged its commitment to refurbish and modernise redundant operational assets of the Nigerian Police Force (NPF). This initiative encompasses the renovation of vehicles, helicopters, as well as confiscated and forfeited vehicles, aiming to boost the force’s operational …read more →

Health Housing Infrastructure News & Reports Photo News

MTN Foundation, PSHAN to Build 52 Pry Health Centres Nationwide

MTN Foundation and Private Sector Health Alliance of Nigeria (PSHAN), have signed a memorandum of agreement (MoA) to deliver 52 primary healthcare centres across the country. The partnership would further deliver additional 40 qualitative and affordable PHCs in 200 communities by June 2024. Signing the agreement held at MTN Atlantis office in Lagos, Prince Julius …read more →

Banking and Finance Economy Industialisation Infrastructure Infrastructure Financing News & Reports

BOI, IFC Advocate Collaborative Financing to Enhance Nigeria’s Industrialization Agenda

The Bank of Industry (BOI) and the International Finance Corporation (IFC) have stressed the need for joint investment financing to drive infrastructural development in Nigeria’s industrialization agenda. They also stressed the need for enhanced access to funding for businesses, women and youth to support sustainable growth in the country. They said this at the BOI …read more →

Infrastructure News & Reports Security Infrastructure

Nigeria Police Revamps Digital Infrastructure: IGP Implements Smartforce Database System

The Police Smartforce Database System has been reactivated, as stated by Inspector General of Police (IGP) Olukayode Adeolu Egbetokun. This is a crucial step towards modernising policing and boosting internal security. This endeavour aligns with the force’s dedication to enhancing service delivery and incorporating state-of-the-art technologies to provide efficient law enforcement. The IGP’s digitalization agenda …read more →

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Access Bank PLC Signs Landmark Loan Agreement with Japan International Cooperation Agency to Advance Climate Change Measures in Nigeria

Access Bank PLC (Access Bank), Nigeria’s largest commercial bank, has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency (JICA). Valued at US$ 75 million, the agreement is JICA’s first private sector investment finance in the banking sector in the Sub-Saharan African region. …read more →