The Federal Government has approved plans for external loans from the World Bank, China and Japan. It specifically said Nigeria would take loans from institutions such as the World Bank, African Development Bank, Japan International Cooperation Agency, and Export-Import Bank of China, Bloomberg reported on Thursday. This will include low-cost and long-term loans with interest rates of 1.25 per cent … Read More
Nigerians Spend N3.5 Trillion Generating Their Own Electricity Yearly- Sahara Group
Due to irregular supply of public electricity, about N3.5 trillion ($21.9 billion) is spent yearly by businesses, families and others in Nigeria to buy fuel for power generation. Disclosing this yesterday at the ongoing 2016 Huawei Connect conference in Shanghai, China, the Business Leader (Distribution), Sahara Group, the firm with majority stakes in Ikeja Electricity Distribution Company, Rotimi Onanuga, said … Read More