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Total revenue from the solid mineral sector in Nigeria in the past nine years stands at about N262 billion, maintaining a slow rise from N8.1 billion in 2007 to N65.7 billion in 2015…
More details through: https://guardian.ng/business-services/nigerias-solid-mineral-revenue-hits-n262b-in-nine-years/ MTN Nigeria has said the 30% National Broadband Plan (NBP 2013-2018) by the Federal Government can be actualized by fourth quarter of the year with the release of Visafone’s 800 Megahertz spectrum for usage in the telecommunication sector…
More details through: http://thenationonlineng.net/nigeria-visafone-800mhz-to-mtn-okay-for-telecoms-growth/ Kwesé iflix, a joint venture between Econet Media and iflix, the entertainment service for emerging markets, have announced the launch of its premier digital entertainment platform in Nigeria, in partnership with Airtel…
More details through: https://www.thisdaylive.com/index.php/2018/06/28/kwesi-iflix-partner-airtel-to-launch-mobile-video-service/ The International Fertilizer Development Centre has predicted an exponential increase in fertilizer consumption by Nigerian farmers as a result of the remarkable improvements in the local blending of the input under the Presidential Fertilizer Initiative of the Federal Government…
More details through: http://punchng.com/nigerias-fertilizer-consumption-rose-by-63-in-2017-report/ Multichoice has announced a fully-funded 12-month training programme for African filmmakers through the Multichoice Talent Factory Academy.
The fully-funded educational programme aimed at furnishing African filmmakers with the skills to work and innovate in film and television production will be admitting 20 deserving, young, talented people who will be trained for a 12-month period… More details through: http://thenationonlineng.net/multichoice-to-train-20-filmmakers-talent-factory-academy/ Nigeria and India are making moves to explore opportunities in renewable energy development as part of the international agreements signed by both countries.
Indian High Commissioner, Nagabhushana Reddy, at a Business meeting in Abuja, said the home government was committed to deriving at least 30 per cent of its power needs from renewable energy by 2030… More details through: https://guardian.ng/business-services/nigeria-india-partner-to-develop-renewable-energy/ IHS Towers Ltd. has postponed an initial public offering that would have valued the company at as much as $10 billion, according to people familiar with the matter, because of concern that a sale may take place too close to an election in its home market of Nigeria…
More details through: https://www.bloomberg.com/news/articles/2018-06-26/ihs-is-said-to-pull-ipo-valuing-towers-company-at-10-billion The federal government’s policy initiatives in the power sector have continued to attract Foreign Direct Investment (FDI) as United States power firm, Bussbar Energy, has pledged to invest in the country’s power sector in order to be a significant producer of sustainable and environmentally friendly power…
More details through: https://www.thisdaylive.com/index.php/2018/06/26/us-firm-to-boost-nigerias-power-generation/ Nigeria’s government plans to inject 500 billion naira ($1.4 billion) into its low-cost mortgage lender over the next five years in an effort to spur home ownership that has failed to take off in Africa’s most-populous nation…
More details through: https://www.bloomberg.com/news/articles/2018-06-25/nigeria-s-low-cost-mortgage-lender-set-for-1-4-billion-boost GE Technology provides over 75 per cent of the country’s gas-powered on-grid generation, its Chief Executive Officer (CEO), Gas Power Business, sub-Saharan Africa, Mr. Leslie Nelson, has said. GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption…
More details through: http://thenationonlineng.net/ge-we-provide-75-of-nigerias-gas-powered-generation/ The International Finance Corporation (IFC), a member of the World Bank Group, has announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria (a subsidiary of Indorama Corporation) for the construction of a new fertilizer line to support Nigeria’s agriculture and diversification…
More details through: http://www.businessdayonline.com/companies/agriculture/article/ifc-earmarks-1bn-for-indorama-agricultural-diversification-project/ The partnership between Edo state government and some members of the organised private sector in various areas of human endeavour has started to yield positive results as the American Tower Company (ATC) Nigeria recently handed over a Digital Skills Village Project it built in Benin City to the Edo state government…
More details through: https://www.thisdaylive.com/index.php/2018/06/22/edo-partners-private-sector-to-build-digital-skills-village/ The Russian nuclear energy corporation, Rosatom, has called on the Federal Government to consider off-grid technologies such as mini-hydro power stations as an effective solution to address Nigeria’s electricity shortfall…
More details through: http://punchng.com/rosatom-proposes-mini-hydro-power-plants-for-nigeria/ The firm, recently acquired 70 per cent majority equity in Century Petroleum Corporation, a US publicly traded petroleum exploration and production company. This acquisition has made the Nigerian firm the controlling partner in the merger, thus throwing up Ibeto as the Chairman, Board of Directors of the new merger…
More details through: http://thenationonlineng.net/ibeto-us-firm-merge-to-stimulate-cement-housing-needs/ A consortium led by top oil trader Vitol has entered exclusive talks to acquire stakes in Nigerian offshore fields that are held by Brazil’s Petrobras (PETR4.SA) and its partners, industry sources said…
More details through: https://www.reuters.com/article/us-petrobras-nigeria-m-a-exclusive/exclusive-vitol-led-group-in-talks-to-buy-nigeria-assets-from-petrobras-sources-idUSKBN1JE1XQ |
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