Power Sector: EU Invests N53.9bn In Nigeria The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector. It, however, regretted that the country’s power sector was losing N1.3bn daily despite...

EU To Inaugurate €30m Power Finance Scheme In Nigeria   The European Union (EU) and All On – an impact finance outfit, would launch a €30m worth of electrification financing initiative for off-grid and commercial and industrial captive power projects in Nigeria, organisers of the upcoming...

Under One Year, Nigeria,Others Seal Trade Deals Worth N8.9tr   The value of trade between Nigeria and some European Union (EU) member-states presently stood at 25.3 billion Euros (about N8.9tr) in 2017. The Deputy Head of Delegation, European Union (EU) to Nigeria and ECOWAS, Mr. Richard Young,...

Oil Prices Higher as U.S. Sanctions Limit Iran Exports Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. Brent crude oil was up at 78.09 dollars a barrel. U.S. crude was 10 cents higher...

EU Vows To Respond To U.S. Import Tariffs   The European Union will go to the World Trade Organisation to impose its own measures if the bloc is not excluded from the U.S. steel and aluminum tariffs, EU’s trade chief has said. U.S. President Donald Trump set...

Nigeria’s Power Supply: EU, Germany To Invest Additional €33m Into Sector   Nigeria’s power supply will receive a boost of up to €33million, as part of the second phase of the Nigerian Energy Support Programme (NESP), championed by the European Union and German Government. Speaking at the...