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Coal remains important source of power generation
Worldwide electricity demand is projected to rise by about 85 per cent as living standards rise, economies expand and the…
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Dangote project closes bank tranche
Nigerian Industrial conglomerate Dangote Group has signed a loan agreement with a group of local and international banks to fund…
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Skye Bank mandates StanChart for oil facility
Nigerias Skye Bank has appointed Standard Chartered as mandated lead arranger (MLA) for a syndicated loan facility. The $100 million…
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Oando clinches funding for ConocoPhillips assets
Oil firm Oando Energy Resources has secured the necessary funding to acquire the upstream oil and gas business of ConocoPhillips…
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Afreximbank funds Nigerian power plant privatisation
The African Export-Import Bank (Afreximbank) has supported the privatisation of a Nigerian power plant located in Ogorode, in the Delta…
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AfDB funds Nigerian paper mill project
The African Development Bank (AfDB) is providing funding for a paper mill project in Nigeria intended to cut down on…
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Nigeria scores $100 million from India Ex-Im
The $100 million line of credit from the Export-Import Bank of India (India Ex-Im) will contribute to the financing of…