10th January, 2022

Edo’s Ossiomo Power, FG Conclude Power Supply Agreement: The Edo State Government’s Public Private Partnership (PPP) initiative, Ossiomo Power, has concluded an agreement with the Benin Owena River Basin Authority for the supply of electricity to the authority’s facilities
Kano to electrify 100 communities with solar power:The Kano State Government, on Tuesday, launched a comprehensive rural electrification scheme, targeted at over 100 rural communities across the state
Lekki Deep Seaport inches closer to completion:There are hopes that the much-expected Lekki Deep Seaport will soon be completed as the promoters of the project disclosed that the facility is about 80 percent completed
Supply to DISCOs, export drop 29.4% to 24,772MW:Power supply to 11 Electricity Distribution Companies, DisCos and export dropped by 29.4 percent to 24,772 megawatts, MW in the first nine months (January – September) of 2021, from 35,103MW
FG to focus on power, infrastructure to improve manufacturing and trade: The Federal Government announced that it will focus on improving access to power and infrastructure for manufacturers to improve Nigeria’s manufacturing capacity in Africa
Fitch Rates Jaiz Bank ‘B-‘; Outlook Stable: Fitch Ratings has assigned Nigeria-based Jaiz Bank PLC a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook and a Viability Rating (VR) of ‘b-‘
FG loses N1.474tn to 222 terminal shutdowns in 10 months: Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various concerns at terminals that prevented the production of 50.788 million barrels of oil during the 10-month period
FMDQ: Total Foreign Exchange Trade Drops by 23.59% in November: FMDQ Exchange has disclosed that total foreign exchange (FX) market turnover dropped by 23.59 per cent in its month-on-month (MoM) performance to N4.28trillion or s. $10.30billion in November from N5.59 trillion or $13.48billion recorded in October 2021
Nigeria attracts $1.73 billion capital inflows in Q3 2021, surges by 98%: Nigeria’s capital importation rose to $1.73 billion in the third quarter of 2021, which is 98% higher than $875.6 million recorded in the preceding quarter (Q2 2021). This is contained in the capital importation report, released by the National Bureau of Statistics (NBS)
NEWSLETTER & UPDATES

Subscribe our newsletter to get our latest updates & news

CONTACT US

© 2021 All rights reserved by InfraCredit