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 →

Housing Infrastructure News & Reports Photo News WORLDReport

Qatar to Boost Kaduna Mega Economic City with 500,000 Housing Units

The Qatari Government has inaugurated the construction of a 500,000 mass housing units project for vulnerable and less-privileged persons in Kaduna State. Qatar’s Ambassador to Nigeria, Dr. Ali Bin Ghanem Al-Hajri performed the official inauguration of the project on Wednesday in Kaduna. Al-Hajiri lauded Gov. Uba Sani for his support towards the success of the …read more →

AFRICAReports Economy News & Reports Power WORLDReport

Shell Boosts Nigeria’s Oil Output by 220,000 Barrels with Resumption of Forcados-grade Crude

Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal. Sources had told Reuters that exports of the grade, which was scheduled to ship 220,000 barrels per …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 →

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 →

Economy News & Reports WORLDReport

UN Projects 1.9% Global Economic Growth in 2023

A series of severe and mutually reinforcing shocks — the COVID-19 pandemic, the war in Ukraine and resulting food and energy crises, surging inflation, debt tightening, as well as the climate emergency — battered the world economy in 2022. Against this backdrop, world output growth is projected to decelerate from an estimated 3% in 2022 …read more →

AFRICAReports ENERGY Infrastructure Infrastructure Financing News & Reports Photo News WORLDReport

Nigeria-Morocco Gas Pipeline to Receive $25 Bln in Funding by 2023, Says NNPC

The Nigeria-Morocco Gas Pipeline is set to receive a total investment of $25 billion in 2023, the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari has revealed. Kyari said in a report by Bloomberg that discussions for the financing of the energy megaproject are still ongoing, noting that a final …read more →

AFRICAReports Environment News & Reports WORLDReport

AfDB Says 7 African Nations Making Progress on Climate Change Actions

The African Development Bank and the Global Green Growth Institute (GGGI have launched a report analysing the readiness of seven countries – Morocco, Tunisia, Kenya, Rwanda, Senegal, Gabon and Mozambique – to drive green growth. The joint report was launched on the sidelines of Africa Climate Week, in Libreville, Gabon. It assessed the status and …read more →

ENERGY News & Analysis News & Reports Power Trade and Investments WORLDReport

Nigeria Could Play A Key Role in Europe’s Energy Transition

Nigeria is loaded with natural resources that could help Europe in its energy transition. Europe has the necessary elements to build out the as-yet underdeveloped Nigerian energy sector. There are many challenges on the road to a successful partnership, the broadest of which is the fragile political stability of Nigeria.  Nigeria could be emerging as …read more →