Sector News

The Federal Government has set out to terminate the funding of a $7.39 billion, about N1.478 trillion  per annum Joint…

Black Rhino Group a portfolio company of Blackstone Energy and Dangote Industries have confirmed that they are investing US$5bn each towards the…

Niger Delta Exploration & Production Plc has perfected plans to raise additional $400 million through a private placement and Initial…

The committee inaugurated by the Federal Government, is set to produce a 25-year action plan for the transformation of the…

This is comprised of US$50 million from existing shareholders of the Group, including Temasek, Petrofac, Capital International Private Equity, Standard…

Worldwide electricity demand is projected to rise by about 85 per cent as living standards rise, economies expand and the…

Nigerian Industrial conglomerate Dangote Group has signed a loan agreement with a group of local and international banks to fund…

Nigerias Skye Bank has appointed Standard Chartered as mandated lead arranger (MLA) for a syndicated loan facility. The $100 million…

Oil firm Oando Energy Resources has secured the necessary funding to acquire the upstream oil and gas business of ConocoPhillips…

The African Export-Import Bank (Afreximbank) has supported the privatisation of a Nigerian power plant located in Ogorode, in the Delta…

The African Development Bank (AfDB) is providing funding for a paper mill project in Nigeria intended to cut down on…

The $100 million line of credit from the Export-Import Bank of India (India Ex-Im) will contribute to the financing of…

Ecobank Nigeria has signed a $20 million line of credit with Brazil’s BNDES development bank to aid the importing of…

The African Export-Import Bank (Afreximbank) has signed a $272 million facility amounting to 80% of Heritage Banks $344 million takeover…

The Multilateral Investment Guarantee Agency (Miga) is looking to guarantee up to $540 million for the Qua Iboe Power Project…

Dutch development bank FMO is to provide $40 million for the 450 MW gas-fired Azura-Edo independent power project in Nigeria,…

Ecobank Nigeria has made its debut in the international loan market with a $150 million loan. Commerzbank, Filiale Luxembourg, First…

KfW IPEX-Bank, the German development bank, has signed a framework financing agreement  worth $300 million  with Africa Finance Corporation (AFC). …

The African Development Bank (AfDB) has provided the Development Bank of Nigeria (DBN) with finance of $500 million. AfDB has…

The Export-Import Bank of the United States has guaranteed a seven-year loan for approximately $25.9 million to Nigeria-based Azikel Air.…

Ecobank has signed a $50 million one-year senior unsecured loan facility with an interest rate of 3 month Libor plus…

The facilities are for Nigeria-based L. A. T. C. Marine Limited.  The ECA involved in both facilities was Atradius.  Damen…

FCMB Capital Markets Limited , the investment banking subsidiary of FCMB Group Plc has again demonstrated its capital raising credentials…

TCN stated in a statement from its General Manager, Public Affairs, Seun Olagunju, that its total electricity transmission capacity into…

With three Waukesha 275GL+ and one VHP 7104GSI gas Enginators, this project is the largest of its kind in sub-Saharan…

In its determination to reduce the countrys dependence on fossil fuels and other unclean energy, a Nigerian company, Traveri Group,…

The management of Brass Liquefied Natural Gas (LNG), has charged President Mohammadu Buhari to do all it takes to facilitate…

The Federal Government has extended the management contract of the Transmission Company of Nigeria (TCN) with Manitoba Hydro International Limited…

AIM-listed MX Oil Plc has agreed to invest in an indirect, non-operated, 5% revenue interest in theOML 113 licence, offshore…

Oando Energy Resources (OER) has entered into an agreement with ConocoPhillips to acquire its Nigerian businesses, for about $1.79bn. As…