The Central Bank of Nigeria (CBN) has given assurance to Dangote Group that it will support it access Foreign Exchange, Forex to build its proposed $14 billion refinery in the country.

Investors in the Nigerian stock market yesterday suffered another setback as their investment dropped by over N233.2 billion.

ABUJA — THE Managing Director/Chief Executive Officer, Nigerian Electricity Management Services Authority, NEMSA, Mr. Peter Ewesor, has said that the agency will soon outlaw the installation of wooden poles in the country.

Mr. Nico Tyabji, is the Climatescope Africa Coordinator, Bloomberg New Energy Finance, BNEF. Before joining BNEF in 2011, he led research on mitigation strategies at the Global Network for Climate Solutions based at Columbia’s Earth Institute, and has previously worked for the International Centre for Trade and Sustainable Development in Geneva. In this online interview with Clara Nwachukwu, he insists there is now a big opportunity for Nigeria to embrace the clean energy revolution, while stressing the need for more investments in infrastructure to fast track socio-economic development in Nigeria. Excerpts:

REVENUE shortfall by generating and distribution companies, also known as GENCOs and DISCOs haS risen to N478 billion since November 2013, when the defunct Power Holding Company of Nigeria, PHCN assets were unbundled and handed over to private investors.

Competition in Nigeria’s Smartphone market is unwavering as the big players try to stamp their dominance while new entrants such as Infinix Mobility and others are pushing with new devices. Notwithstanding, few years ago, the Nigeria mobile market was dominated by the likes of Nokia, Apple, Samsung, HTC and Blackberry. Then came Tecno with cheap and affordable smartphones, within few years it became a popular Smartphone brand in Nigeria.

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) has called on the presidency to prevail on the Central Bank of Nigeria (CBN) to review the forex policy listing of triple concentrate tomato paste among the 41 items banned from accessing foreign exchange from the official window.

Umuchinemere Pro-credit Micro Finance Bank Enugu (UPMFB) has disbursed N140 million out of the N220 billion Micro Small and Medium Enterprises Fund of the Central Bank of Nigeria (CBN). This is even as the bank paid 16kobo dividend per share to shareholders in its financial year ended December 2014.

The United States of America, USA, has pledged support for the Nigerian Geological Survey Agency, NGSA, to generate concrete and reliable, quality and quantity geosciences data of solid mineral deposits across the country.

ENERGY firms operating in Nigeria owe banks in the country about N3.982 trillion as at September 2015, according to data obtained from the Central Bank of Nigeria, CBN.