The Association of Power Generation Companies (APGC) says power generation companies (GenCos) have not received payment for electricity generated since June 2018 from the Nigerian Bulk Electricity Trading PLC (NBET). The Executive Secretary of APGC, Joy Ogaji, said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. Ms Ogaji…
Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday. The roadshow, which is being organised by Citi and Standard Chartered, would run from November 12, for three days and be attended by Nigerian Finance Minister Zainab…
TechPlus, an annual initiative of Republicom Group, returns this year with a breakfast event scheduled to hold next Thursday in Lagos. According to General Manager, TechPlus, Eniola Edun, the forum is in its fourth year. Edun said the programme started as an annual conference and exhibition, featuring gaming and masterclasses, and this year, “we are…
Nigeria has been described as one of the leading countries in the financial technology (Fintech) space in the world. The Executive Director, Systemspecs Limited, Mr. AdeRemi Atanda, stated this recently at the Centre for Financial Journalism (CFJ)-Association of Corporate Affairs of Managers of Banks’ (ACAMB) Business Forum held in Lagos. According to him, many things…
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, over the weekend in Lagos announced that the agency will partner with the Alumni of Maritime Academy of Nigeria Oron (AMANO) to ensure that all stumbling blocks for the growth and development of the maritime sector are removed. Peterside, who…
The African Export-Import Bank (Afreximbank) has reiterated that the African Continental Free Trade Agreement (AfCTA) will boost intra-African trade. The Bank also said the agreement would lead to specialisation among African countries in areas they have comparative advantage. The Director and Global Head Communications and Event Management, Afreximbank, Mr. Obi Emekekwue, who said this at a…
In June 2018, Bouake, the second largest city of Cote d’Ivoire, suffered its first-ever shutdown of domestic water supply The Mashaba project in southern Zimbabwe has a 99 KW mini-grid to power 2 irrigation schemes, 2 business centres, 1 school and 1 clinic. (Image source: Activ Solar/Flickr) The country’s dammed lake, which supplies 70 per…
The Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr. Chidi Izuwah, has reiterated the federal government’s commitment towards driving Public Private Partnership (PPP) in its quest to address the infrastructural deficit facing the country. Izuwah stated this in Lagos at the Association for Consulting Engineering in Nigeria (ACEN) Annual General Meeting (AGM) and its 40th…
Paktim Consulting Nigeria Limited is offering free smart meters to Distribution Companies (Discos) in the country, in order to meet the needs of electricity consumers in the country. Speaking at a media briefing in Lagos, the Managing Director of Paktim Consulting Nigeria Limited, Larry Adesida, said before the Nigerian Electricity Regulatory Commission (NERC) launched the Meter Asset Provider (MAP)…
Out of 61 transactions valued at $40.4bn tabled for discussions in boardroom sessions at the just concluded African Investment Forum in Sandton, South Africa, 45 deals worth over $32bn were secured, the African Development Bank has said. In a statement made available to our correspondent in Abuja on Sunday, the AfDB said that the final…