Business Hilights

Tracking Nigeria's Headline Business News Online

Nana Addo Dankwa Akufo-Addo

Ghana stabilizes electricity using Nigerian gas, begins export to Cote d’Ivoire

Following the strategic turnaround of its power supply system, after about four years of supply crisis resolved by sealing gas supply deal with Nigeria, Ghana this month, began power export to her neighbours, Cote d’Ivoire. However, the Ghanaian Vice President…

Lafarge-Holcim, CBI Ghana flag off $55m cement factory in Tema

Leading global cement solutions provider, Lafarge-Holcim this week sealed a $55mn partnership agreement and flagged off construction of a state-of-the-art cement plant at the Tema Free Zones enclave, near Accra. The $55 million grinding plant, to be operated by CBI…

Energy

Akufo-Addo worried on growing power crisis, says Ghana loses 2% of GDP yearly

Following a new report released by the Institute for Social Statistics and Economic Research (ISSER) on electricity crisis, Ghanaian President, Nana Addo Dankwa Akufo-Addo has expressed worry that the nation lost $680 million in 2014 alone equivalent to two per…

Banking/Investments

China rounding up sub-Saharan Africa with ‘sweet’ funds for developments, but…

Starting with Nigeria, China has been giving strategic financial assistance in several infrastructural projects. Apart from working with Lagos State Government to provide loan and engineering assistance in the ongoing development of Lagos-Badagry Expressway, the Nigerian government recently ran into…