Nigeria Signs $3.7 Bn Coal Power Project with Chinese Firm

HTG-Pacific Energy Consortium and The Federal Ministry of Mines and Steel Development have signed a $3.7 billion deal for a coal power project at Ezimo Coal Block in Enugu State and a 1,000 megawatts coal power generating plant. This will

GTBank and 3 Other Banks Raise $1.45Bn from International Capital Markets

Guaranty Trust Bank Plc., First Bank of Nigeria Plc., Access Bank Plc., and Fidelity Bank Plc. have raised $1.45 billion (N227.65 billion) from the creation of sovereign benchmark in the International Capital Market, ICM, the Debt Management Office, DMO, has

United States President Invites President Jonathan for Talks

The United States President, Barack Obama has invited President Goodluck Jonathan for talks in Washington, according to a letter delivered by Wendy Sherman, United States Under-Secretary of State for Political Affairs and the lead representative of the United States to

Nigeria Becomes First African Nation to Ratify Arms Trade Treaty

Nigeria’s ratification of the landmark global Arms Trade Treaty, ATT, on Tuesday is a welcome move that should pave the way for more African nations to get behind the treaty, Amnesty International has said. “By signing and ratifying the lifesaving

Mara Foundation Enters Partnership with the Presidency to Empower Young Entrepreneurs in Nigeria

The President of the Federal Republic of Nigeria, H.E. Dr. Goodluck Ebele Jonathan, and Ashish J. Thakkar, founder of Mara Group and Mara Foundation, have jointly announced their partnership to launch Mara Mentor for the purpose of offering support to

Power Generation in Nigeria Drops to 2,628.6MW, Minister Says

“Total grid generation as at 6am on Saturday is 2,628.6MW. With this low level generation, management of the grid is currently a big task, necessitating a nationwide load shedding,” Minister of Power, Prof. Chinedu Nebo said in a statement at

Nigeria Pays Mercury Public Affairs $300 Million For PR in America, Report Says

A report from New York-Based O’Dwyer’s, has revealed that the Government of Nigeria is paying Mercury Public Affairs, a unit of Omnicom Group, $300 million for PR in the United States. The deal will assist Nigeria in “enhancing bilateral diplomatic,

External Financial Flows to Nigeria and the Rest of Africa Exceeds $200 Billion

A report by African Economic Outlook has said that “external financial flows to Nigeria and other African countries are projected to increase by 9.5 per cent to a new record of $203.9 billion by end of 2013, compared with $186.3

Gidilounge Launches iOS & Android Music App; Available on iTunes Appstore

Gidilounge is an innovative digital media company that is in the business of re-inventing the way Africans discover, listen and enjoy African music. First they started as an on-line music streaming site, then they grew into a full blown African

New Hotel Reservation Website Launched In Nigeria

The Africa Internet Holding today announced the launch of its new online hotel booking site “Jovago”. Hotels are now just one click away for all Nigerians: http://www.jovago.com Users enter their chosen destination and Jovago offers 140,000 hotels worldwide. Jovago provides

UN Agencies Pledge $920m to Nigeria

Twenty-three United Nations Agencies are committing $920 million to the provision of technical and financial assistance to Nigeria over four years, LEADERSHIP has reported. A statement by UN Communications Group, says, “The Federal Government of Nigeria and the United Nations

Cyber Security Bill will be ready before 2014, Communications Minister says

“The Cyber Security Bill will be ready before the end of the year. The Federal Ministry of Justice is working on a draft that will form executive bill. There will be inputs from stakeholders from the IT industry,” said the

Minister of State for Health, Muhammed Pate resigns

Nigeria’s Minister of State for Health, Dr. Muhammed Pate has resigned from President Jonathan’s cabinet. He sent in his resignation, July 22, stating that he would take up the “position of Professor in Duke University’s Global Health Institute USA in

Duke and Duchess of Cambridge Name Their Newborn George Alexander Louis

Duke and Duchess of Cambridge, Prince William and wife Catherine, have named their newborn son, George Alexander Louis, the office of the Duke has said. The baby, third in line to the British throne, will be known as His Royal

ITU Appoints Nigeria’s First Lady to Champion Child Online Protection

The First Lady of Nigeria, Dame Patience Jonathan, has been appointed as the UN International Telecommunication Union’s (ITU) Child Online Protection Champion. “Dame Patience Jonathan has demonstrated deep interest in activities of children and young people,” said ITU Secretary-General Hamadoun

Wolverine Premiers Tomorrow At Genesis Deluxe Cinemas

Yes! The much awaited Wolverine movie would be premièring tomorrow at the Genesis Deluxe Cinemas, V.I. If you have visited the cinemas at anytime this year, you must have seen the trailer a thousand times already. You must have said

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