05

Aug

FG gets $1.5bn loan for solar projects

The Federal Government of Nigeria has secured a $1.5 billion loan facility from the US-EXIM Bank to deliver solar power infrastructure in 10 different locations nationwide. According to the Chief Executive Officer, SUN Africa LLC, USA, Adam Cortese, the government-to-government loan facility would cover a concession period of 20 years. He said, “This is government-to-government financing. It’s […]

05

Aug

Market closes lower by 0.03%, sheds N7bn

Transactions on the floor of the Nigerian Exchange on Thursday closed lower as the All Share Index declined by 0.03% to close at 50,582.30 points from the previous close of 50,594.97 points. The Market Capitalisation declined by 0.03% to close at N27.277 trillion from the previous close of N27.284 trillion, thereby shedding N7 billion. An aggregate of[…]