CBN, Disburses N60 bn to Fund Rail Infrastructure in Lagos: The Central Bank of Nigeria (CBN), has announced that it has through three commercial banks financed railway infrastructure in Lagos to the tune of N6 billion.
Sahara Group plans $1 bn LPG investment in Nigeria, others: An energy and infrastructure conglomerate, Sahara Group, has said it will invest over $1bn to enhance access to Liquefied Petroleum Gas in Africa and emerging economies in a bid to boost energy transition on the continent.
FG to unbundle Railway Operation through PPPs: As part of efforts to improve the movement of goods and persons, the Federal government has charged the Ministry of Transportation to renew efforts to see to the passage of the Nigeria Railway Corporation (NRC) Bill that will unbundle the NRC and allow Public-Private Partnership (PPP) play a role in the railway sub-sector.
FG to invest fresh N114.64 bn in rural electrification: Rural electrification is to get the highest capital investment from the Federal Government in the power sector in 2022, as N114.64 bn has been appropriated for it.
SDGs on energy- Indigenous, US firms sign MoU for production of HDPE in Nigeria: A Nigerian firm, Quantum Strategies and Energy Solutions, QSES, has signed an exclusive sales agreement with a U.S.-headquartered firm, ISCO Industries, to provide High-Density Polyethylene (HDPE).
GCR Assigns Long and short-term Nigerian National Scale Issuer Ratings of BBB(NG) /A3(NG) to MyCredit Investments Limited, Outlook Stable: GCR Ratings (“GCR”) has assigned MyCredit Investments Limited’s (trading as ‘FairMoney’) Nigerian national scale long-term and short-term issuer ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook.
GCR Assigns an Indicative Issue Rating of A-(NG)(IR) to Coronation MB Alternative Asset SPV Plc’s Proposed N15bn Series 1 Senior Secured Guaranteed Notes: GCR Ratings (“GCR”) has assigned a national scale long term indicative issue rating of A-(NG)(IR) to Coronation MB Alternative Asset SPV Plc’s proposed N15 bn Series 1 Senior Secured Guaranteed Notes, with a Stable Outlook.
750,000MT supply gap, forex shoot cooking gas above N8,000: The price of 12.5kg of Liquefied Petroleum Gas, popularly called cooking gas, which was sold for N7,000 about a week ago, has increased to between N8,000 and N8,200, amidst various concerns by marketers and producers of the commodity.
Inflation drops to 16.63% in September ― NBS: The Consumer Price Index, (CPI) which measures inflation increased by 16.63 per cent (year-on-year) in September 2021.
Fashola: Urban Centres Account for 70% of Global Carbon Emissions: Minister of Works and Housing, Mr Babatunde Fashola, (SAN) has submitted that urban centres are responsible for most of the global energy consumption and by extension a huge portion of greenhouse emissions in the world, leading to disruptions of the natural environment.
Currency in circulation rises to N2.84 trillion, says CBN: The currency in circulation rose by N58.36 billion to N2.84 trillion in September from N2.79 trillion in August, the latest figures obtained from the Central Bank of Nigeria showed on Sunday.
Credit to economy rises 5% to N44.7 trillion: Credit to the economy grew by five percent to N44.7 trillion within five months up till May this year, driven by increased lending to the private sector.