The Transnational Corporation of Nigeria has agreed to provide the remaining $225m needed to finance a gas-fired thermal power plant in Delta State, Nigeria.
Latest articles from Nigeria
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Financing deal complete for Nigeria's Ughelli power plant
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Nigeria enjoys FDI growth
FDI into Nigeria has been on upward trajectory between 2010 and 2012, with this growth looking set to continue in 2013.
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Nigeria's 'smart' city set to attract significant investment
A new private city development in Nigeria is set to be the second largest such development in the world, attracting up to $15bn of FDI and covering an area of more than 10 square kilometres.
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In profile: Africa's finance ministers
The finance ministers of Nigeria, Rwanda, South Africa and Zimbabwe speak to fDi about the investment prospects of their countries and those of Africa in general.
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/ Nigeria
Tanzania looks to launch sovereign wealth fund
With the recent discovery of offshore gas in Tanzania set to increase the country's annual revenue by up to $3bn, president Jakaya Kikwete has announced the possibility of establishing a sovereign wealth fund.
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African countries at risk of reduced FDI
Africa's economies are set to struggle to maintain economic course as many face decreasing FDI and portfolio inflows from the west.
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/ Nigeria
SWFs shift focus: sovereign money flows south
The world's economic balance is shifting, and sovereign wealth funds are starting to cut their exposure to developed economies and head towards emerging markets. But facing challenges such as limited availability of 'free-float' equity, the move does not come without risk.
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Fibre-optic cable funding shows changing face of African project financing
The new west African sub-marine fibre-optic cable uses multilateral development approach to funding.
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Who is following the BRICs?
As the BRIC countries – Brazil, Russia, India and China – realise the decade-old prediction that they would become economic superpowers, attention now turns to the global economies that will follow them.
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JLT report warns of Nigeria instability
Investors receive a stark warning on risks posed by Nigeria’s instability, though some commentators maintain Nigeria is still on the right economic path.
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