AFC steps up 9Mobile’s repositioning drive with $230m facility
Barely few months after official takeover and internal restructuring of 9Mobile, strong operational boost is underway for the telecom giant as the Africa Finance Corporation (AFC), has approved a $230 million loan facility. The company said the facility will go…
Fidelity, Access, others lead in refinancing Neconde’s N2.3trn facility
Following the green light in the recent renewal of its 20 year renewal of the Oil Mining License of the Company effective June 2019, a consortium of seven local and international financial institutions, have sealed fresh deal to refinance Neconde…
Set up NNMC, run it like NNPC to end banditry in key mining states—AEEPM
Leading nongovernmental organization (NGO), the Africa Environmental & Economic Peace Mission (AEEPM), has called for the establishment of Nigerian National Mining Corporation (NNMC) that will be run like the Nigerian National Mining Corporation (NNPC) to tame the incessant banditry in…
‘30% equity in Waltersmith’s modular refinery makes NCDMB player-regulator’
An oil and gas development analyst, Dr. Humphrey Ugbo Amadi has picked holes in the recent $10m Shareholders Agreement and Share Subscription Agreement between a regulator, the Nigerian Content Development and Monitoring Board (NCDMB) and promoters of Waltersmith Refining &…
‘Ambode to unveil preferred bidder for Lagos 4th Mainland Bridge in June’
Bidding process for the fourth Mainland Bridge that will link parts of Lekki in Epe axis and suburbs of Ikorodu in Lagos State has reached advanced stage, suggesting that a preferred bidder will be named in June. The State Commissioner…
Cost differential in fixing infrastructure in Nigeria, Ghana worrisome
Whereas the Government of Ghana, through the Public-Private Partnership Coordinator at the Ministry of Finance, Mr. Isaac Oware-Aboagye, has said a study conducted in 2016 indicated that Government needed 7.3 billion dollars to improve infrastructure deficit in the country, there…
