Business
Nigeria gets $486m W/Bank credit for power sector
World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday.
“The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said.
Nigeria’s power sector is often criticised by economists for holding back the country’s economic growth.
Businesses and households are subject to frequent blackouts, and many depend on their own generators that are expensive to run.
-
Football5 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business5 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Football3 days agoWAFCON 2026: Super Falcons battle South Africa for World Cup play-off spot
-
Latest4 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup
-
Featured5 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest3 days agoOsun 2026: Oyinlola group backs Oyebamiji, faults Adeleke over exclusion
-
Business17 hours agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions
-
Latest4 days agoNFF denies calling for Infantino’s resignation