Nigeria-UAE trade surges 66.7% to $5bn in 1 year
By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]
Fidelity Bank deepens savings culture, promotes financial inclusion
IN the bid to promote savings culture and deepen financial inclusion in Nigeria, Fidelity Bank PLC has awarded cash and consolation prizes to its customers through the savings initiative titled, “Get Alert in Millions Reloaded Promo”.
BEDC inaugurates Asaba main sub-station to boost supply
Benin Electricity Distribution plc. (BEDC) in its efforts to improve customer service has announced the successful completion and commissioning of a new 2X15MVA 33/11Kv Injection sub-station, Asaba mains at Ibusa in Delta state.
PwC holds 8th power, utilities roundtable November 30
PwC Nigeria has announced plans to host the 8th edition of its Annual Power and Utilities Roundtable. The event which is part of the firm’s contribution to the on-going reforms in the Nigerian power sector is slated to hold on Thursday 30 November 2017.
ECOWAS moves to improve electricity supply to member states
THE World Bank and ECOWAS Centre for Renewable Energy and Energy Efficiency, ECREE, have designed a regional renewable energy project, the Regional Off-Grid Electrification Project, ROGEP, aimed at increasing access to sustainable electricity supply, most especially in the rural areas of member states.
Fitch ratings assign B+ to Nigeria Debt notes
FITCH ratings has assigned the final rating of ‘B+’ to Nigeria’s Debt notes, consisting of USD1.5 billion 6.5 percent senior unsecured notes due November 28, 2027 and USD1.5 billion 7.625 percent senior unsecured notes due November 28, 2047.
