Tag Archives: IFC


Seven Energy Seals $200M World Bank Gas Financing Deal

Seven Energy Seals $200M World Bank Gas Financing Deal

Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World Bank. The Multilateral Investment Guarantee Agency (MIGA), a political risk insurance and credit enhancement arm of the World Bank Group, said the deal is its first engagement in Nigeria’s gas sector.


World Bank Launches Scaling Solar to Create Market for Solar Power in Africa

The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power community to discuss progress and initiatives to increase access to energy across Africa. Scaling Solar aims to create a viable market for private solar power


Nigeria Targets 500mcf Gas Expansion for Power

 One of Nigeria’s oil and gas industry strategic focus is to consolidate on the gas supply expansion with an additional 500 million cubic feet per day, SweetcrudeReports has learnt. The additional 500 million cubic feet gas expansion is expected to support about 2,000 ‎megawatt of power generation. SweetcrudeReports also gathered that Nigeria’s gas production at


Maintaining the Momentum on Infrastructure Investments

Economic infrastructure refers to part of an economy’s capital stock used to facilitate economic production, or serve as inputs to production (e.g. electricity, roads, and ports). It can further be subdivided into three categories: utilities (power, piped gas, telecommunications, water and sanitation, sewerage and solid waste disposal), public works (roads and water catchments in dams,

World Bank, IFC, MIGA Approve N191bn to Support Nigeria Power Project

Abuja – The World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), had approved $1.18 billion about N191billion to support Nigeria in boosting its power generation. This is contained in a statement by Bamidele Oladokun, Communication Associate to the World Bank, in Abuja on Wednesday. It stated that the donors


BoI Grants Power Sector, SMEs N437b Loan

(Source: The Nation) The Bank of Industry (BoI) disbursed N437.39 billion out of the N535 billion it got from the Federal Government for financing projects in the power and Small and Medium Scale Enterprises (SMEs) sectors of the economy. Its General Manager, Operations, Joseph Babatunde said in a report that the funds comprised Central Bank

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