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Obama Announces $33 Billion In Investment And Financing Commitments To Africa

US President Barack Obama yesterday announced $33 billion in new investment and financing commitments to Africa during a three-day summit with dozens of leaders...

FG Increases Gas Allocation For Power Generation Towards Hitting 5,000 MW By December

In a bid to address the shortfall of electricity supply being experienced in the country, the Federal Government has developed short term intervention strategy...

Swansea University Holds Pre-departure Briefings (CLICK THIS)

Swansea University held pre-departure briefings for students coming on board this 2014 session from July 3-10, 2014. A Swansea team visited Abuja, Portharcourt and Lagos...

Anambra Gets $2.5 Billion 1500 Megawatts Power Plant Under Power Africa Initiative

Nigeria’s formal agreement to work with the government of the United States (US) to increase access to and availability of electricity in Nigeria through...

Fashola Seeks Legislation For States To Generate, Transmit Electricity

In a bid to ensure that Lagos State attains its minimum electricity supply of 10,000 megawatts, Governor Babatunde Fashola has called for a legislation...

Nigerians Contribute To Power Supply Through Wastage – NERC

The National Electricity Regulatory Commission(NERC) has said that Nigerians are partly the reason why there is poor power supply in the country. The General Manager...

President Jonathan Canvasses Stronger Partnership Among OPEC Nations

President Goodluck  Jonathan on THursday, July 24, 2014 canvassed for deeper, stronger and more cooperative partnership between Nigeria and other members of the Organisation...

CBN Leaves Interest Rate Unchanged At 12%

The Central Bank of Nigeria (CBN) Tuesday, July 22, 2014 resolved to leave the monetary policy rate (MPR), otherwise known as interest rate unchanged...

FirstBank Issues $450 Million Eurobond

FirstBank of Nigeria Limited has successfully issued a $450 million tier-2 Eurobond, THISDAY learnt at the weekend. The debt instrument with a seven-year tenor...

Odds Against Policy Shift At CBN Monetary Policy Committee Meeting On Monday

Ahead of tomorrow’s  239th Meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), there is a groundswell of optimism...

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