Category: Business News
Business News
Over 2,500 construction professionals to be CPD certified at The Big 5 Construct Nigeria
The Big 5 Construct Nigeria offers an opportunity for event attendees to gain new insights, learn from top industry players as well as connect to a wide range of construction stakeholders
Africa Finance Corporation secures US$100m loans to promote investments in renewable power
The loan will be used to facilitate investments in renewable power, energy-efficient projects, and climate-resilient infrastructure.
Nissan to acquire shares in Vehicle Energy Japan Inc
Nissan will acquire the shares after the completion of regulatory procedures, including necessary approvals and permissions.
Ikeja Electric urges customers to disregard report on the blackout in Lagos
Ofulue explained that the company was embarking on replacement of obsolete panels at the Igando Injection Substation, which is aimed at improving power supply availability to that area. He also pointed out that the exercise will last for 10 days and that only Feeders under Igando, Obadore, Akesan and Egan will be impacted, and not Alimosho or Lagos as erroneously reported.
FG allocates $123.1billion for critical infrastructure projects between 2021 and 2025 •The Big 5 Construct Nigeria holds September 27
Nigerian government has allocated $123.1 billion for critical infrastructure projects between 2021 and 2025
The Big 5 Construct Nigeria is the country’s largest gathering for the construction and infrastructure community, expecting exhibits from over 130 international and local construction products, services and technology companies
Industrial action: National power grid suffers as Union members switched off power system network
“Inspite of this setback, we are set to restore the grid as quickly as possible. The Ministries of Power and Labour and Employment are currently meeting with the Union Officials in order to resolve the issues.”
Spotlight on electrical safety to reduce casualties
August is Electricity Safety Month, and as such, South African state utility Eskom is stepping up communication about the safe use of electricity across the country, in an effort to stem the increasing number of public injuries and fatalities related to electricity.
24 hours power supply: Ikeja Electric signs tripartite agreement with Enaro Energy and Ayobo community
The initiative is in line with the Nigerian Electricity Regulation Commission goal of ensuring there is reliable and steady power supply across communities in the country through partnerships between Distribution Companies and Independent Power generators.
WAPP set to launch liquidity enhancement fund as chairman lauds financial transparency
The West African Power Pool (WAPP), is planning to create a Liquidity Enhancement Revolving Fund, LERF, for the ECOWAS Regional Electricity Market.
REA partners InfraCredit to remove bottlenecks involved in accessing off-grid infrastructure financing
The MoU is designed to deepen and strengthen the strategic partnership between the REA through the Solar Power Naija (SPN) Programme and InfraCredit in a bid to catalyse long-term local currency investments into the Nigeria solar off-grid space.