Business

World Bank plans additional $750mn electrification project in Nigeria

World Bank plans additional $750mn electrification project in Nigeria   The World Bank has disclosed plans to commit additional $750 million to deepening Nigeria’s access to electricity, through the Nigeria Electrification Project (NEP). BusinessDay reports that, World Bank Director of Strategy and operations for Western Central African Region, Elizabeth Huybens,[Read More…]

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Sterling Bank Accelerates Nigeria’s EV Race With Qore

Sterling Bank Accelerates Nigeria’s EV Race With Qore Nigeria’s leading commercial bank and one of Africa’s fastest-growing companies, Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore; its suite of renewable energy-powered transportation solutions. A statement by the bank said, Qore will[Read More…]

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Turkey, UK hike interest rates

Turkey, UK hike interest rates   Turkey’s central bank on Thursday delivered a large interest rate hike. This signaled a shift toward more conventional economic policies to counter sky-high inflation. It came at the bank’s closely watched first interest rate-setting meeting since Erdogan appointed two internationally respected officials to lead[Read More…]

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Hyde Energy inaugurates LPG facility

Hyde Energy inaugurates LPG facility   An indigenous energy trading company, Hyde Energy Limited, has inaugurated a new Liquefied Petroleum Gas (LPG) facility in Makurdi, the Benue State capital. The facility, with a capacity of 40MT, is expected to create jobs and boost the economy of the state, is located[Read More…]

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Firstbank wins Financial Institution of the year

Firstbank wins Financial Institution of the year First Bank of Nigeria Limited, Nigeria’s premier banking institution and leading financial inclusion services provider, has won the Financial Institution of the Year Award at the African Export-Import Bank (Afreximbank) Pan African Business and Development Awards. The ceremony marked the 30th anniversary of[Read More…]

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