Wednesday, December 1, 2021
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Tag "Mambilla power project"

FG asks n’assembly to approve fresh $1.2bn loan from Brazil

    FG asks n’assembly to approve fresh $1.2bn loan from Brazil

The federal government has sought the approval of the national assembly for a $1.2 billion agricultural financing loan. Zainab Ahmed, minister of finance, budget and national planning, made the request

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EXCLUSIVE: We don’t have $200m to settle Sunrise over Mambilla, Buhari tells Malami

    EXCLUSIVE: We don’t have $200m to settle Sunrise over Mambilla, Buhari tells Malami

President Muhammadu Buhari has declared that the federal government does not have $200 million to pay Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) as final settlement claims over the

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‘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

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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

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