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Tag: Investment

News

EU financiers unveil €20m investment facility for Nigeria, expand funding portfolio

European development finance institutions have expanded their investment commitments to Nigeria with the launch of a new €20 million Nigeria Country Window, while announcing plans for additional financing to support key sectors of the economy. The announcement was made on Tuesday in Abuja during the 10th Nigeria-European Union Business Forum, according to a statement issued […]

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Wike Seeks Stronger EU Investment, Cultural Ties for Abuja Development

Minister of the Federal Capital Territory, , has called on countries of the to deepen investment partnerships, boost cultural exchange, and collaborate with the Federal Capital Territory Administration (FCTA) to drive growth in Abuja and Nigeria at large. Wike made the appeal on Tuesday while addressing EU Heads of Mission at the EU House in […]

News

Femi Otedola Exits Geregu Power in Landmark $750 Million Deal

In a landmark move for the Nigerian energy sector, billionaire investor Femi Otedola has officially divested his majority stake in Geregu Power Plc. The $750 million deal sees Ma’am Energy Limited taking over a 77% controlling interest, marking one of the largest private equity shifts in the Nigerian power industry this decade.

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