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Monday, November 17, 2025 /

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NIGERIA RECEIVES US$2.25 BILLION LOAN FROM AFREXIM.

Kayode Olorundare Wednesday, 03 January 2024 10:42

The initial loan tranche of US$2.25 billion to Nigeria is made possible by UBA and Afrexim. The African Export-Import Bank (Afrexim Bank), acting as the local arranger, United Bank for Africa (UBA), has disbursed Nigeria's first tranche of the US$2.5 billion facility. This major US$2.5 billion liquidity assistance facility for Nigeria has been authorized to be arranged locally by UBA, a well-known member of the FUGAZ group. As the Mandated Lead Arranger for the structured financing facility, Afrexim Bank is essential to this financial endeavor. Guvnor and Sahara Energy are also included in the arrangement as important parties to the transaction, emphasizing the cooperative efforts of several stakeholders. January 2024 is when the facility's remaining balance of US$1.05 billion is expected to be released. Furthermore, we are aware of further initiatives to destabilize the foreign currency (FX) market. spearheading domestic and African-focused organizations are spearheading and actively working to…

COLEMAN WIRES AND CABLE OWNER STARTED AS A SMALL TIME INVESTOR

Kayode Olorundare Monday, 18 December 2023 12:40

Coleman Wires and Cable started as a tiny enterprise in 1996, but we were officially incorporated as a corporation in 1975. I took on the role of Managing Director in 2021 when we had to reorganize our business to get beyond the early difficulties. Our narrative is one of grace from the bottom up. We were able to progressively expand from a micro-small business into a small, medium, big, and extremely huge business throughout the years by putting in time and effort. Although our business idea was initially modest, we deliberately grew it. Please be aware that our initial objective was to be the top-rated wire and cable provider in Nigeria, not to grow into the biggest business. We then discovered that all Nigerians favored locally produced cable over imported cable from outside. Our view widened when the issue of why we couldn't create a business that could serve both…

FEMI OTEDOLA, EXPECTS DANGOTE’S REFINERY TO ADD VALUE TO ECONOMY

Kayode Olorundare Friday, 15 December 2023 12:36

Femi Otedola, one of Nigeria's most prominent billionaire investors, claims that Aliko Dangote's $20 billion refinery will help Nigeria achieve its goal of net-zero emissions by 2060, contributing to the country's economic development. A Sunday post on X (previously Twitter) from Otedola announced this. She also congratulated Aliko Dangote, calling him “my bestie @AlikoDangote as the 8th wonder of the world.” Otedola said that the refinery was a "beacon of hope for not only millions of Nigerians but also Africans," underscoring its significance. Additionally, it leads the charge in promoting environmental sustainability. It will help Nigeria reach its goal of net-zero emissions by 2060 by helping to capture up to 90%+ of the CO2 emitted through its carbon capture technologies and storage processes. It will also significantly contribute to lowering well-to-tank carbon emissions from crude oil maritime transportation, he tweeted. According to credible sources, the refinery will bring in over…

TRINITY EVENTS CENTRE

Kayode Olorundare Tuesday, 12 December 2023 17:00

DANGOTE REFINERY BEGINS OPERATION FINALLY

Kayode Olorundare Friday, 08 December 2023 13:15

Nigeria's Dangote Refinery Starts Up with First Shipment of Crude Oil An important turning point for Nigeria's oil sector is the $20 billion Dangote refinery, which is about to start operations. The OTIS tanker, carrying 950,000 barrels of Nigerian Agbami crude oil, delivered the refinery its first cargo of crude oil. The cargo marks the start of operations at the much-awaited facility and was chartered by the state-owned Nigerian National Petroleum Company (NNPC). Escravos, Bonny Light, and Forcados are among the several kinds of crude that the Dangote refinery is equipped to handle. This project is anticipated to greatly lessen Nigeria's need for imported gasoline while also supporting the country's oil sector. With a 20% ownership in the refinery, the NNPC has promised to provide 6 million barrels of crude oil in December to get things going. Even with significant delays anticipated, the refinery is expected to run at full…

MULTI-MILLION DOLLAR MOROCCO-NIGERIA GAS PIPELINE DEAL

Kayode Olorundare Thursday, 30 November 2023 12:15

The $25 billion Nigeria-Morocco Gas Pipeline (NMGP) is scheduled to start in 2024, according to Ekperikpe Ekpo, Nigeria's minister of energy. On November 27, Ekpo disclosed the building timeline that was scheduled to take place. This came after a Moroccan team headed by Ambassador Moha Ou Ali Tagm visited Abuja. Construction on the $25 billion Nigeria-Morocco Gas Pipeline (NMGP) is scheduled to start in 2024, according to Ekperikpe Ekpo, Nigeria's minister of energy. On November 27, Ekpo disclosed the building timeline that was scheduled to take place. This came after a Moroccan team headed by Ambassador Moha Ou Ali Tagm visited Abuja. The pipeline is expected to be the second-longest pipeline in the world, after the West-East Gas Pipeline in China, and will cover 5,600 kilometers while passing through 13 African nations and providing service to about 500 million people. Gas from Nigeria is to be transported to West…

THE ALL-PURPOSE JAPAN AIRPORT IN THE MIDDLE OF THE OCEAN

Kayode Olorundare Thursday, 30 November 2023 11:15

A $20 billion airport in the middle of the ocean is shocking to many. The airport serves both local and international travel, and although it boasts a remarkable selection of stores, like Chanel, Hermes, and Cartier, in addition to dining options, what really leaves social media users in awe is the outside of the airport. The airport, known as the Kansai International Airport, is situated in the Greater Osaka Area of Japan in the center of Osaka Bay, off the Honshu Shore. The notion of building an island, Kankūjima, specifically to house the airport was initially conceived as a way to alleviate congestion at Osaka International Airport. For every airport facility, there are two zones on the island: Terminal One and Terminal Two. The first airport terminal in the world, measuring an astounding 1.7 km, was built by Renzo Piano and is the site of both local and international airline…