Goddy Ikeh
The pan-African financial institution is to release $30 million for the construction of wind and solar power plants in Djibouti and Egypt and the development of energy storage systems in Cape Verde.
The Board of Directors of the African Development Bank Group announced that it had this week approved two loans to Cameroon to improve transport links with neighbouring Chad, with major economic benefits for both countries.
The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange with 1.705 billion shares valued at N18.874 billion traded in 19,203 deals.
The price of OPEC basket of 12 crudes stood at $73.36 a barrel on Thursday, December 12, 2024, compared with $72.45 the previous day, according to OPEC Secretariat calculations.
Nigeria’s National Bureau of Statistics (NBS) says that the Nigerian railway sector recorded an increase in revenue generation in the third quarter (Q3) of 2024 with total earnings rising to N2.20 billion.
The Director-General of National Pension Commission PenCom, Ms Omolola Oloworaran has said that the total pension fund assets under the Contributory Pension Scheme have risen to N21.92tn as of October 2024, with contributions from 10.53 million registered participants.
Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced that it has completed the $1.28bn acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a milestone in the company’s growth strategy.
The price of OPEC basket of 12 crudes stood at $72.43 a barrel on Wednesday, December 11, 2024, compared with $71,92 the previous day, according to OPEC Secretariat calculations.
The Dangote Refinery and Neptune Oil have jointly announced the first-ever export of petrol from Dangote Refinery, Africa’s largest oil refinery, to Cameroon.
Nigerian President Bola Tinubu, has assured German businesses that Nigeria is ready to fully implement existing pacts to ease investment in renewable energy, youth skill development and industrial growth.