Thursday, August 1, 2019

Tag "Leno Adesanya"

    ‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

Babatunde Fashola, minister of power, works and housing, says the reports that the Mambilla power project has been stalled, due to an attempt to divert funds, is not true.The $5.8 billion project, a 3,050-megawatt hydropower facility, was conceived in 1982.In a statement on Sunday, Hakeem Bello, the minister's spokesperson, said the federal government never awarded a contract for the Mambilla [...]

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    Nigeria risks $2.3bn fine as Mambilla power project faces crisis

Nigeria risks $2.3bn fine as Mambilla power project faces crisis

The federal government is at risk of a $2.3 billion fine in arbitration over an alleged breach of contract for the $5.8 billion Mambilla power project in Taraba state.The project, a 3,050-megawatt hydropower facility, has stalled owing to legal and funding crises after Sunrise Power and Transmission Company Limited (SPTCL), a local content partner, was reportedly sidelined in the project [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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