Tuesday, September 25, 2018

Tag "Mambilla power plant"

    Kachikwu: Why China has an edge over UK, US in Africa

Kachikwu: Why China has an edge over UK, US in Africa

Ibe Kachikwu, minister of state for petroleum resources, says China has an edge over the US and UK in Africa because it is providing what Africa needs.Kachikwu made this comment on the sidelines of the ongoing 2018 Forum on China–Africa Cooperation (FOCAC)."They are active in Liberia, Ghana, Angola. They are throwing money where their mouth is and in very many [...]

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    40 years after conception, FG signs $5.79bn contract for Mambilla power plant

40 years after conception, FG signs $5.79bn contract for Mambilla power plant

The federal government has signed the contract for the Mambilla hydro power project.The project was first designed 40 years ago and is expected to add 3,050 megawatts of power to the national grid.The federal executive council had approved the award of the contract on August 30 to Messrs China Gezhouba Corporation, Sinohydro Corporation Limited and CGOC Group Limited.While signing the [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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