30 results
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 28 Sept 2010
CBN Eases Power Problems, Plans IPP
The Central Bank of Nigeria (CBN) is working towards establishing an Independent Power Project (IPP) for power supply to all banks in a bid to reduce banks’ present huge dependence on power…
- 26 Jul 2014
Nebo Receives 248 PHCN Containers Abandoned For 10 Years
Professor Chinedu Nebo, minister of Power, during the week, said the Transmission Company of Nigeria (TCN) has started removing 248 containers of Independent Power Project (IPP) equipment…
- 23 May 2014
Lagos Partners DISCOS on Stable Power Supply
Lagos State Government said it is partnering with both the Eko and Ikeja Electricity Distribution Companies in making the power supply for the State stable. Dr. Taofiq Ajibade Tijani, State…
- 12 May 2018
AfDB Approves $1.5 million Grant for Jigawa Solar Project
The African Development Bank (AfDB) has approved a US$1.5 million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government's implementation of Phase 1 of the Jigawa…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 22 Jan 2016
Azura Raises $876m for 450MW Azura-Edo Power Plant
Azura Power Holdings Ltd said yesterday it had raised $876 million for its power plant in the southwest of Africa's most populous nation and that construction was set to commence. Azura, along…
- 18 Aug 2013
AGF Asks MDAs to Furnish it with NUBAN Accounts
Joseph O. Otunla, accountant-general of the Federation (AGF), has directed all Federal Ministries, Departments and Agencies (MDAs) to update their bank details with his office without further delay…
- 29 Jan 2015
AFC Restates Commitment to Energy Sector at Powering Africa Summit, Washington
Africa Finance Corporation (AFC) is reaffirming its commitment to President Obama’s Power Africa initiative with its participation in the Powering Africa Summit. The three day summit, to be held in…
- 11 Feb 2016
Siemens at Maiden Customer Forum Hints on Energy Long Term Plan
Siemens, one of the world’s largest producers of energy-efficient, resource-saving technologies, today hosted its inaugural Forum for Power and Gas Customers in Nigeria. The objectives of the forum…
- 30 Apr 2012
Hopes of Steady Power Supply Fades as FG Courts $20Bn Investment
Nigeria’s erratic public power sector would require an additional capital investment inflow of about $20 Billion over the next 36 months to maintain a steady output, dashing hopes of any quick fix to…
- 10 Oct 2016
Actis $300m Investment Boosts Amaya Capital Azura Power Generation Platform
Amaya Capital, the African-focused principal investment firm is has announced over $300m of equity commitments in its power generation platform. The new investment follows the acquisition by growth…
- 9 May 2014
FCMB Capital Supports Edo Gas Turbine Project with N24Bn
FCMB Capital Markets is to boost the construction of a pilot 450MW open cycle gas turbine power plant in Edo state with N24 billion facility. Speaking in Abuja at the official ground breaking and…
- 10 Jun 2019
Shell Increases Gas Distribution in Nigeria
Shell Nigeria Gas (SNG), has increased its gas distribution capacity by over 150 per cent due to the safe completion of its second gas train, the Agbara-Ota Capacity Increase Project, which enables…
- 2 Aug 2022
PIC Leads Pension Funds Investing in Africa’s Infrastructure via AFC
In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager,…
- 2 May 2023
NiRA Elects BoT, EBoD as Adesola Akinsanya Emerges New President
Members of the Nigeria Internet Registration Association (NiRA), the registry for .ng Internet Domain Names and managers of the database of names registered in the .ng country code Top Level Domain,…
- 3 May 2023
NiRA Elect Adesola Akinsanya as New President
Members of the Nigeria Internet Registration Association (NiRA), the registry for .ng Internet Domain Names and managers of the database of domain names registered in the .ng country code Top Level…
- 26 May 2008
Four Nigerians, Others Make Finals of CNN/Multichoice Award
Four Nigerian journalists have emerged among other Africans in the final list of the prestigious CNN MultiChoice African Journalist 2008 Competition. They include Lucas Ajanaku, Tell Magazine , Deji…
- 15 Nov 2024
3 Nigerian Born NFL Stars Grace Glo-sponsored African Voices Changemakers
This week, three top football players of Nigerian origin who have played in the National Football League (NFL), also known as the American Professional Football League, will be guests on the Glo…
- 15 Sept 2008
Indian Firm Ruins $6bn Refinery Project
House of Representatives ad hoc panel probing activities of the Nigerian National Petroleum Corporation (NNPC), its subsidiaries and the Department of Petroleum Resources (DPR), has accused an Indian…
- 13 Nov 2012
Nnaji’s Power Firm Begins Power Supply Next Year
Geometric Power Ltd owned by Professor Barth Nnaji, former power minister will start supplying power to Aba town, Abia State in February, according to a statement by the company’s publicist. This is…
- 10 Feb 2013
Lagos Cable Cars Ready in 2015- Ropeways
Dapo Olumide, chief executive officer, Ropeways Transport Limited, operators of Lagos cable cars said that the proposed alternative means of transportation will be ready in 2015. Olumide also…
- 6 Jun 2013
Lagos Doles Out N1.5Bn for Research, Invites Youth to Access Fund
Babatunde Fashola, Lagos State governor, has urged youths in the state to come forward and access the N1.5 billion Research Fund provided by the government to develop new innovations and solutions.…
- 29 Sept 2013
FCMB Commits to Power Sector Development
FCMB Group has reaffirmed its commitment towards providing the necessary support to ensure the successful implementation of the ongoing reforms in Nigeria’s power sector. This, it stated, is in line…
- 6 Feb 2014
Jonathan Convenes Power Financing Confab @ Aso Rock
President Goodluck Jonathan has convened an International Conference aimed at facilitating financing of power infrastructural development in Nigeria scheduled to hold on Monday, February 10, at the…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 13 Mar 2014
Nebo, Power Minister, Others for EnergyNet Power Investors Summit
EnergyNet, an organizer of global investment meetings and executive dialogues for Africa’s power sector, will be hosting the private sector-led Power Investors Summit in Lagos from March 20th to 21st…
- 14 Sept 2015
Five Nigerians Get CNN/MultiChoice African Journalist Awards Nomination
The independent judging panel of the 2015 CNN MultiChoice African Journalist Awards has named five Nigerians among the nominees for this year’s awards. The nominees from Nigeria are Femi Asu, Punch…
- 16 Nov 2015
NIMC DG Set to Bow Out, Says Commission Achieves Paradigm Shit
Chris Onyemenam, ‎director general/CEO of the National Identity Management Commission (NIMC), who will exit as the DG/CEO of the commission this week after eight years of active service, said the…