Gas supply to facilitate addition of 560MW of additional generation capacity into the grid
May 2, 2015 Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian integrated gas Company has commenced the supply of gas to the 560 MW Calabar National Integrated Power Project (“NIPP”). The commercial delivery of gas to CalabarNIPP commenced in March 2015, and is being executed through Accugas, a wholly-owned subsidiary of Seven Energy. When
One Africa Media Valuation Rises To $100M After Seek Second Investment
May 2, 2015 Australian- based online jobs website Seek has invested an additional $10 million in African online classified firm One Africa Media (OAM). With the capital injection OAM’s valuation has increased to $100 million, while Seek’s stake in the technology firm has risen to 30 percent with a total investment of $30 million. Seek
Mayweather vs Pacquaio Start time, TV channel broadcast list
May 2, 2015 For boxing fans that have purchased the Floyd Mayweather Jr. vs. Manny Pacquiao fight on HBO and Showtime pay-per-view for this Saturday night on May 2nd, the time of the fight broadcast will start at 9:00 p.m. ET and 6:00 p.m. PT. This is for the U.S. The other channels will depend
The 16 Most Livable Cities In Africa
May 2, 2015 Thinking of taking your family on an adventure, immersing yourself in a new culture, or taking on a new business venture in Africa? Here are the 16 most livable cities in Africa to do it in. Cape Town, South Africa Cape Town has won several international awards and boasts all the
Mayweather v Pacquiao: Breaking down the economics of the boxing mega fight
April 30, 2015 On May 2 (May 3 in some parts of the world including most of Africa) the biggest economic event in the history of boxing will take centre stage as Floyd Mayweather and Manny Pacquiao step into the ring at to fight at MGM Grand Garden Arena. The fight is widely anticipated across the
I am not aware of ban on AIT, says Buhari
April 30, 2015 ABUJA—President-elect, General Muhammadu Buhari (retd), said yesterday that he was not aware of the temporary ban imposed on African Independent Television, AIT, not to cover his official functions. Consequently, he instructed all his aides, including the security team, to steer clear of all media activities and allow those assigned the responsibility to
Xenophobic Attacks: Zuma calls Jonathan, pleads for support
April 30, 2015 President Jacob Zuma has had telephonic discussions with President Goodluck Jonathan of Nigeria on recent xenophobic attacks in South Africa, according to a statement by the South African presidency. The two Presidents reaffirmed the warm and cordial relations between South Africa and Nigeria and pledged that the two countries will continue to
New York Pension Fund to Invest Aleast $5 Billion in Africa
April 30, 2015 The New York State Common Retirement Fund, one of the largest U.S. Pension funds and worth about $180 billion, plans to invest as much as 3% of its assets in Africa in the next five years to diversify its portfolio and boost returns. The figure would be more than $5 billion based
Girls rescued from Boko Haram camp not from Chibok, Nigerian military says
April 29, 2015 Hotoro, Kano, Nigeria (CNN)Girls rescued from Boko Haram terror camps in Sambisa Forest on Tuesday are “not the Chibok girls,” Nigerian Army spokesman Sani Usman said. However, one official did not rule out that captives from other Boko Haram camps that were raided might include some of the 200 girls abducted in
Africa’s First: Nigeria’s Economy To Reach $1 Trillion By 2030
April 29, 2015 Nigeria is set to be the first African country with an economy larger than $1 trillion, according to the latest projections from the U.S. Department of Agriculture. Africa’s most populous nation, which recently held peaceful elections, revamped its gross domestic product data in 2014 and pulled ahead of South Africa to become the continent’s