GERMANY PLEDGES $4.4 BILLION FOR AFRICA-EU GREEN ENERGY INITIATIVE AT G20 SUMMIT

German Chancellor Olaf Scholz has announced a commitment of $4.4 billion to support the Africa-EU Green Energy Initiative. This announcement was made during the...

ING BANK, CITI, SUN AFRICA INVEST $12.2BILLION IN NIGERIA POWER SECTOR

Three international leading organizations have committed the sum of $ 12.2 billion to Nigeria's  Power sector. The amount is targeted at  delivering 961 megawatts...

NIGERIA INFLATION SOAR TO 27.3%, WORSENENED BY CURRENCY DEPRECIATION AND HIGH ENERGY COST

Nigerian inflation has soared to  27.3%,  a situation that is also worsened by currency depreciation and high-cost energy. Food inflation has risen to 31.5...

NIGERIA RECIEVES $299.99 MILLION WORTH OF PALLIATIVE LOAN FROM WORLD BANK

The World Bank finally disbursed about $299.99 million to Nigeria out of the $800 million approved for the National Social Safety Net Program-Scale Up....

AFCFTA: STANDARD CHARTERED FORECASTS $1 TRILLION INTRA-AFRICA EXPORTS BY 2035

A recent report from Standard Chartered Bank Group suggests that due to the African Continental Free Trade Area (AFCFTA), exports within Africa could hit $1...

CBN, NBET OWES NDPHC N190 BILLION IN 8 YEARS

The Central Bank of Nigeria (CBN)  and Nigeria Bulk Electricity (NBET) now owe the Federal Government owned Power firm, the Niger Delta Power Holding...

AfDB COMMITS $618 MILLION TO BOOST NIGERIA’S TECH AND CREATIVE SECTORS

The African Development Bank (AfDB) has finalized an agreement to allocate $618 million to Nigeria through the Investment in Digital and Creative Enterprise (i-DICE)...

AI RESEARCHERS AND INNOVATORS TO RECEIVE N5 MILLION GRANT FROM NAIRS

About 5 million naira in grants has been earmarked for researchers and startups by the Nigerian Artificial Intelligence Research Scheme (NAIRS) to boost artificial...

NIGERIA SEEKS $7.6 BILLION INVESTMENT FOR 2.1 MILLION BARRELS PER DAY OIL PRODUCTION BY 2025

According to Dr. Austin Avuru, the Chairman AA holdings, Nigeria would need a sum of $7.6 billion to recover oil production to 2.1m/bpd by...

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