First Independent Mena Newspaper
US-based tech giant Microsoft Corp will launch this year two hubs in Nairobi and Lagos with an investment of over $100 million over five years as it seeks to partner with local talents and governments on the continent, Bloomberg reports. Microsoft will launch two hubs this year and plans to hire 100 workers at the […]
Sirieco, a Slovak company plans to set up a plant in Nigeria, to assemble electric cars and manufacture the new-generation incandescent bulbs, the company’s CEO Groidis Peter announced during a recent visit to the West African nation. The plant will be located at Calabar in Cross River State, southeast Nigeria, Groidis Peter said. The Governor […]
The Transmission Company of Nigeria (TCN) has officially launched a $170 million power transmission project. The project called the Abuja Feeding Scheme is financed by the French Development Agency (AFD) and provides for building five transmission substations over a 24-month period. The move will help Africa’s most populous nation to stabilize the quality of power […]
In Nigeria, a $10 million line of credit from Renewable Energy Performance Platform (REPP) and Electrification Financing Initiative (ElectriFI) will help to boost the distribution of home solar kits. The credit line was secure by PAS Solar Limited, a British company operating in Africa’s most populous nation. With exclusive funding from the United Kingdom’s International […]
Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]
Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]
The government of Burkina Faso has secured a $51 million deal from the European Union (EU) and the French Development Agency to support the construction of power transmission lines from Nigeria to Burkina Faso. The Dorsale Nord project features 880 km of high-voltage transmission lines from Birnin Kebi in Nigeria to Ouagadougou in Burkina Faso. […]
The Nigerian National Petroleum Corporation (NNPC) plans to attract $48.04 billion in oil and gas investments over the next seven years, Group MD, Maikanti Baru, said on Monday. Baru who was speaking during a session at the 2019 edition of the International Petroleum Week in London, called on investors from across the globe to take […]
King Mohammed VI congratulated President of Nigeria, Muhammadu Buhari, upon his re-election to the highest office of his country. After he addressed him a felicitations message on Wednesday, the Monarch reiterated his congratulations to President Buhari in a telephone talk Thursday. The call was an opportunity for both leaders to reiterate their shared desire to […]
The Nigerian Independent National Electoral Commission (INEC) Wednesday announced incumbent President Muhammadu Buhari winner of Feb. 23 presidential and parliamentary elections, while the opposition calls for a rerun over vote irregularities. INEC chairman Mahmood Yakubu said Buhari from All Progressives Congress (APC) won the Sunday presidential vote with 15,191,847 votes against 11,262,978 for his main […]