Embed Size (px)
Citation preview
& & PROJECTS PROJECTS PARTNERSPARTNERSInvestments Monitor
Wednesday 13th July, 2016, Issue 44Weekly Newsletter of Investment Projects
OIL AND GAS/ENERGY?Nigeria: Pan Africa Solar Signs Nigeria's First U.S.$146 Million Investment:Pan Africa Solar and the Federal Government of Nigeria have jointly signed Nigeria's first Solar Power
Purchase Agreement (PPA). The 75MW solar photovoltaic power project in Katsina State, a total investment of $146,000,000USD, will sell power for a tariff of 11.5 US cents per kWh and will be commissioned in 2017.
AFC facilitates $425m loan for oil, gas firm:AFRICA Finance Corporation (AFC) is acting as lead arranger for a loan totaling
$425 million senior mezzanine facility for New Age (African Global Energy) Limited (New Age). New Age, is a privately held oil and gas exploration, development, and production company with assets primarily across Africa. AFC is investing $75 million in the deal.
NGA harps on N15tr investment opportunities in gas sector:The Nigerian Gas Association (NGA) has put the level of investment opportunities in exploration /production, processing, supply,
and distribution of gas in Nigeria at about N15 trillion. The President of the association, Bolaji Osunsanya, who made this disclosure, said that the gas sector has potentials for growth and would contribute positively to the economy.
INFRASTRUCTURE/CONSTRUCTION?GE to invest $2bn in Nigerian rail projects —AMAECHI:The Minister of Transport, Mr Rotimi Chibuike Amaechi, has disclosed that
General Electric, GE, would invest $2 billion in the country's rail projects. He disclosed that the Federal Government was in search of Public-Private Partnership, PPP, funding in the Nigerian transportation sector.
http://allafrica.com/stories/201607080705.html
?
?
http://sunnewsonline.com/afc-facilitates-425m-loan-for-oil-gas-firm/
http://guardian.ng/business-services/business/nga-harps-on-n15tr-investment-opportunities-in-gas-sector/
http://www.vanguardngr.com/2016/06/ge-invest-2bn-nigerian-rail-projects-amaechi/
UPCOMING EVENTS:
?
?
The maiden edition of the Information Security Conference 2016 (NGSecure 2016) will
be held from July 26-26th 2016 in Lagos-Nigeria.
Japan-Africa Development Conference in August: The sixth Tokyo International
Conference on African Development (TICAD) will be held in Kenya from August 27 to 28th, st2016,President Uhuru Kenyatta announced on Sunday 31 January
?
Industries (SITEI) Conference 2016, scheduled to hold on September 22, 2016 in Abuja.
? AGRIKEXPO 2016: The 5th edition of the event AGRIKEXPO, which is West Africa’s largest B-2-B exhibition for Agricultural products and services. The event would hold September 26-28, 2016 at the International Conference Centre, Abuja.
http://infosecuritynigeria.com
http://www.coastweek.com/
http://agrikexpo.com
MINISTRY OF SOLID MINERALS ENDORSES SITEI 2016: Sustainability in the Extractive
?Niger ia , Ch ina s ea l $1 .2m development pact:The People's Republic of China has up-scaled her economic collaboration with Nigeria by signing a bilateral agreement
worth more than eight million RMB Yuan or $1.2 million for feasibility studies on the second phase of the Abuja Solar Powered Traffic Control Signal, Agricultural
JOB OPPORTUNITIES:
üBusiness Development Manager
üArea Sales Manager - Nigeria & Ghana
üFinance Director
üCountry Manager, Nigeria b2b
üSenior Country Manager, Western Union, Lagos.
üAccount Manager,
http://www.findajobinafrica.com/topjobs.html?jobid
http://www.findajobinafrica.com/topjobs.html?jobid
http://www.findajobinafrica.com/topjobs.html?jobid
http://www.beyond.com/jobs/search?id
http://www.beyond.com/jobs/search?id
http://www.beyond.com/jobs/search?id
http://www.beyond.com/jobs/search?id
TIMWE, Lagoswww.timwe.com
üCountry Director, Malaria in Nigeria
Shell, Standard Chartered Bank Nigeria, Dangote Group, TOTAL NIG. PLC. Access Bank,
Microsoft Nigeria, Seven Energy, UNHCR
üDirector of Finance and Administration, Abt Associates
üSales Executives- Advert, Lagos. Send CV to
Other recruiting Companies: Julius
Berger Plc, Procter & Gamble,
Please Call or Contact Us now for your orders and get good value for your money. Tel: 0909 831 3408, 0909 831 3623, 0909 832 3624, 0909 831 3692, 0909 831 3884Website: www.dumchifoods.com
Demonstration Centre and the bilateral training programmes.
FINANCIAL SECTOR ?1,355 youths to access CBN's N220bn MSMEDF in
single rates:Nigeria's Central Bank governor, Godwin Emefiele kicked off a Programme which would now enable some selected 1,355 youths access single interest loans to start
off businesses. Available data indicate that Nigeria's unemployment rate reached 12.1 percent by first quarter of 2016.
?FBN, merchant bank get AfDB $350 million lifeline:To boost lending and economic growth, the African Development Bank (AfDB) has extended a $350 million lifeline to First Bank
of Nigeria (FBN) and FSDH Merchant Bank Nigeria. According to AfDB, the facility became necessary given the falling commodity prices, which has caused shortages in foreign currency supply.
?400 Enterprises Get N95bn BoI Intervention At Half-year:The Bank of Industry (BoI) has disbursed N95 billion to 400
enterprises in the first half of 2016. Acting Managing Director, BoI, Waheed Olagunju, hinted that that as part of measures to rev up its operations, the bank was strengthening its collaboration with its foreign and domestic partners including community-based organisations to deepen the bank's credit delivery process and financial inclusion initiatives.
AGRICULTURE?Investors target $350m revenue from cashew:Investors in cashew business are optimistic about reaping at least $350m from the
http://guardian.ng/business-services/nigeria-china-seal-1-2m-development-pact/
https://businessdayonline.com/2016/07/1355-youths-to-access-cbns-n220bn-msmedf-in-single-rates/
http://guardian.ng/business-services/fbn-merchant-bank-get-afdb-350-million-lifeline/
http://www.leadership.ng/business/540921/400-enterprises-get-n95bn-boi-intervention-at-half-year
industry this year. The National Publicity Secretary of the National Cashew Association of Nigeria, Mr. Sotonye Anga, who gave the indication said already about 200,000 high yielding cashew seedlings had been planted in Kwara, Oyo and Cross River states.
?
?
http://punchng.com/investors-target-350m-revenue-cashew/
http://punchng.com/nigerias-shea-butter-production-receives-eu-support/
Nigeria's shea butter production receives EU support:
Plateau govt begins distribution of 24,000 metric
Nigeria's shea butter production has received the support of the European Union. A statement from the Standards Organisation of Nigeria indicated that
the European Union through its expert on Technical Barriers to Trade, African Caribbean and Pacific countries' programme, had started plans to equip Nigerian women with the requisite skills and support to boost shea butter production.
website: www.projectsandpartnersng.com
THE
01-2902834
Facebook:
Twitter: @pnpartners_ng
www.facebook.com/Projectsnpartners
Olarinwaju Akintoye, Ken
Meyer(Ph.D), David
Adams
Ifeanyi Nwokedibe
Jumoke Oni
Joy Okosun
EDITORIAL TEAM
For Adverts Placement Please Contact us @ 01-2902834, 0805 752 7135 Email:[email protected]
tonnes of fertilizer :
Edo registers 50,000 farmers for CBN loan:
Plateau State government has commenced the distribution of 24,000 metric tonnes of assorted fertilizers it acquired for onward sale to farmers at
the subsidised rate of N4,000 per bag. The Plateau State Governor, Simon Lalong, while flagging off the sale of fertilizers to farmers in Bokkos local government area, said agriculture is very key in his leadership drive.
The Edo State government has screened and registered no fewer than 50,000 farmers for the Central Bank of Nigeria loan in the 2016 cropping season. Mr Abubakar Sule, Edo North Zonal
Manager, Edo Agricultural Development Programme, said that farmers, who grow Maize, Rice, Cassava, Oil Palm and livestock such as poultry, piggery and fishery would benefit from the facility.
h t tp : / /n iger ianpi lo t .com/pla teau-govt -begins-distribution-24000-metric-tonnes-fertilizer/
http://punchng.com/edo-registers-50000-farmers-cbn-loan/
?
OTHERS: ?Equity investors gain N81bn after 3-day loss:
Equity trading on the floor of the Nigerian Stock Exchange (NSE) favoured investors as they recouped N81 billion at the close of the session that saw market indexes growing by 0.80 per
cent. The session reflected partial return of optimism to the
floor and a shift from the sentimental trading that has, been punctuating trading.
?
?AXA Announces 5-year Business Plan To invest €3bn between 2016 and 2020:
French insurer, AXA, with investment in Nigeria, is set to pursue selective growth in commercial and corporate insurance while also looking to reduce costs and target a lower combined ratio as part of
its new five-year strategic plan.
http://www.dailytrust.com.ng/news/business/equity-investors-gain-n81bn-after-3-days-loss/153212.html
http://www.vanguardngr.com/2016/06/new-forex-policy-attracts-20m-foreign-investment/
http://www.leadership.ng/business/540597/axa-announces-5-year-business-plan
New forex policy attracts $20m foreign investment:The new foreign exchange policy, has received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the first Naira-Settled
Over the Counter (OTC) Foreign Exchange Futures. Announcing the Naira-Settled OTC transaction on its website, the Financial Market Dealers Quote (FMDQ) said, “First Naira-Settled OTC FX Futures Trades Executed between CBN and Citibank Nig. Ltd. on FMDQ”.
