AFRICAReports Banking and Finance News & Reports Photo News WORLDReport

Aigboje Aig-Imoukhuede Appointed President of France Nigeria Business Council

At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron. The France Nigeria Business Council (FNBC) stands as a pivotal coalition …read more →

Economy ENERGY Infrastructure Infrastructure Financing News & Reports Photo News Power

Wärtsilä to Operate & Maintain 50MW Power Plant in Kogi

Technology group Wärtsilä has signed a ten-year Operations and Maintenance (O&M) Agreement for a captive power plant providing the energy for a Nigerian cement producing facility. The new cement plant is owned by Mangal Industries and is located in Kogi State, Nigeria. The order was booked by Wärtsilä in Q2, 2024. The power plant is critical …read more →

AFRICAReports Economy ENERGY Industialisation Infrastructure Infrastructure Financing News & Reports Photo News Trade and Investments WORLDReport

Oyo State, Shell Nigeria Sign $100 Mn Deal for Gas Infrastructure Development

The Oyo State government, in collaboration with Shell Nigeria, has sealed a $100 million contract for the development and distribution of gas infrastructure under the Build-Own-Operate-Transfer (BOOT) model. Governor Seyi Makinde announced the milestone via his X platform, revealing that the signing ceremony took place in London. Makinde provided insights into the project, highlighting its …read more →

AFRICAReports Infrastructure News & Reports Photo News Railway Roads

Compensation On Lagos-Calabar Coastal Highway Begins — Umahi

The Federal Government has commenced compensating people who own buildings and structures affected by the construction of the 700-km Lagos-Calabar Coastal Highway. The Minister of Works, Dave Umahi, who disclosed this at a stakeholders’ meeting in Lagos, said the government is commencing the payment worth N2.75 billion spanning channel 0 to 3 today. “I wish …read more →

AFRICAReports Infrastructure Infrastructure Financing News & Reports Photo News Roads Transportation

Lagos-Calabar Coastal Highway: NASS Assures Ministry of Works of Adequate Budgetary Provision

The National Assembly has assured the Ministry of Works of adequate budgetary provision for the completion of the Lagos-Calabar Coastal Highway which has a contract sum of N1.0 trillion. The Chairman of the Joint National Assembly Committee on Works, Sen. Barinada Mpigi, gave the assurance when he led members of the joint National Assembly Committee …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 →

AFRICAReports Banking and Finance ENERGY Environment Infrastructure Financing News & Reports Photo News WORLDReport

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 →

AFRICAReports Infrastructure News & Reports Photo News Telecom

Lagos Governor Announces 6,000km Metro-fibre Project

Babajide Sanwo-Olu, the governor of Lagos state, Nigeria, has announced a 6,000km Metro-Fibre Duct Project to accelerate digital transformation. He remarked this recently during the opening ceremony of the Art of Technology Lagos 5.0 conference, while delivering a lecture on the theme “The Creative Economy and a Digital Lagos.” The governor stated that one of …read more →

Economy ENERGY Infrastructure News & Reports Photo News

Kaduna Refinery  To Be Ready  By Q4 2024—Minister

The Nigerian National Petroleum Company Limited (NNPCL)  which reported this on its  X  (Twitter ) handle stated that the Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. Lokpobiri said he is confident that …read more →

AFRICAReports Infrastructure News & Reports Photo News Technology Telecom WORLDReport

Tinubu Meets Oracle Chief, Hints at Partnership with Big Techs for Efficiency

President Bola Tinubu, on Monday, expressed his support for new partnerships with global technology companies to ensure that data from public institutions are accurate and transparent in providing templates on which proper public sector planning and accounting can occur across sectors. Speaking at a meeting in the State House with the Global Vice President of …read more →