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Germany Provides €22 Million to Address Energy, Climate Change Issues in Nigeria

Germany Provides €22 Million to Address Energy, Climate Change Issues in Nigeria

The German Government has provided a total of €22million to Nigeria, to address energy and climate change issues in the country. The German Ambassador to Nigeria, Bernhard Schlagheck, who disclosed this recently in an interview with The Guardian in Abuja, said the support, which is under the auspices of the Nigerian Energy Support Programme (NESP), is

green energy investment

AfDB Targets $8 Billion Investments in Nigeria

The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that the institution would continue to strongly support Nigeria, the largest shareholder of the bank. According

Solar Park

Shell Acquires Major Stake in U.S. Solar Developer

Silicon Ranch Corporation, a leading U.S. developer, owner, and operator of solar energy plants, announced today that it has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group, the global private markets investment manager, for up to $217

Power-Plant-in-Nigeria

Private Equity Backed Viathan Floats Power Infrastructure Bond

InfraCredit, a ‘AAA’ rated infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority in collaboration with GuarantCo (a Private Infrastructure Development Group company), is pleased to announce its inaugural guaranteed bond transaction, successfully connecting infrastructure as an asset class to the long-term local currency debt capital markets in Nigeria. With InfraCredit’s guarantee, Viathan

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How Buhari Administration’s Pipeline Project will Transform Nigeria’s Energy Landscape – Garba Shehu

After making a slow start, the Nigerian energy landscape is set for a major change with the award of a $2.8 billion ($2,809,522,548.36) gas pipeline contract approved by the Federal Executive Council as proposed by the Ministry of Petroleum Resources. The ministry is under the direct supervision of President Muhammadu Buhari. Ibe Kachikwu, the Minister

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AfDB to Support Nigeria’s Power Sector, Others as Director Concludes Accreditation with FG

Receiving Faal’s credentials, the Minister welcomed him to the country, commended the support received from AfDB and urged him to sustain the Bank’s momentum in helping Nigeria achieve its development goals. He also seized the opportunity to congratulate the President of the African Development Bank for winning the 2017 World Food Prize. In his words,

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