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Africa Set to Launch Energy Bank

Africa's energy future is taking shape as the African Energy Bank (AEB) moves into its final launch preparations.

$10bn Needed to Provide Adequate Electricity – Power Minister

The Minister of Power, Adebayo Adelabu has said the Federal Government needs about 10 billion dollars to salvage the power sector.

Tinubu Approves Kolmani Oil Project

President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects.

Nigeria Gains Membership of European Reconstruction, Dev’t Bank

Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a step towards boosting private sector access to international capital and supporting the country’s long-term economic transformation.

FG’s Electricity Debt Jumps by N800bn, Senate Raises Concern

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month.

Economic Reforms Boost Nigeria’s Revenue to N12trn – World Bank

The Federal Government’s revenue rose by 82.4 per cent from N6.8tn in 2023 to N12.4tn in 2024, driven by the unification of the foreign exchange rates, enhanced tax administration, and reforms in treasury remittances, the World Bank has said.