Africa needs $200bn yearly energy investment — IPPG
•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
FG to privatise railways, inland waterways, 6 others in 2015
The Federal Government has concluded plans to privatise eight new entities in some sectors of the economy by 2015.
Disbursement of N212bn power fund to commence soon — CBN
The Central Bank of Nigeria (CBN) said that it would commence disbursement of the N212 billion Nigeria Electricity Market Stabilisation Facility (NEMSF).
UBA Capital halts African expansion on Ebola concerns
UBA Capital Plc, an investment and asset management arm of United Bank for Africa, will halt its African expansion plan on concern about the spread of the outbreak of Ebola.
Fraud: AfDB imposes 3-yr ban, $18m fine on Chinese firm
Africa Development Bank (AfDB) has imposed a three year debarment on China First Highway Engineering Co. Ltd. following its admission of fraudulent and collusive practices in an AfDB-financed project. The bank also levied a financial penalty of $18.86 million on the company to support anti-corruption projects on the continent.
FG explains challenges in 2014 budgets
The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday named oil pipeline vandalism as one of the challenges in the achievements of revenue projections for 2014 budget.
