India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. The proposal by Prime Minister Narendra Modi’s government is the latest step to expand nuclear […]
Engineer Adighije described the facility as world-class, stating that it has significantly improved the quality of power supply to Nasarawa State and surrounding states.The Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC) Ltd, Engineer Jennifer Adighije, said the Company has invested ₦500 billion in transmission infrastructure and networks across the country. The NDPHC […]
The President, Nigerian Gas Association NGA, Akachukwu Nwokedi, has disclosed that over $5 billion has been invested in the gas sector. Speaking at a media briefing in Lagos, Nwokedi stated: “There has been over $5 billion in new gas investments over the past year, covering infrastructure, floating LNG, gas processing, and domestic utilization”. He also referenced […]
The White House budget office has put forward a proposal to cut funding for United Nations peacekeeping missions, pointing to what it describes as operational failures in Mali, Lebanon, and the Democratic Republic of Congo. The U.S. is the largest financial contributor to the U.N., responsible for 22% of its $3.7 billion core budget and […]
The UK government’s MOBILIST program is investing N9.5 billion in InfraCredit, Nigeria’s first and only domestic creditor guarantor to support the company list on Nigeria’s NASD OTC Exchange Plc. This investment supports InfraCredit’s listing on Nigeria’s NASD OTC Exchange Plc (NASD) with a total valuation of N64 billion ($41m). InfraCredit is raising N27 billion ($17.7m) […]
Malaysia can still weather the trade shocks from the US with relative resilience, aided by strong fundamentals, investment momentum, and strategic positioning in the global semiconductor supply chain — even as the broader Asean+3 region is expected to face its weakest growth outlook since the Covid-19 pandemic. According to the Asean+3 Macroeconomic Research Office’s (AMRO) […]
Though President Donald Trump has said his aggressive tariff strategy, unveiled this week, will make the markets “boom,” it has so far resulted in a rout, with U.S. equity markets suffering their worst week since March 2020 and more pain likely on the way. And that’s sending ultra-wealthy investors to seek refuge from the financial storm abroad. The […]
The Kenyan government’s decision to halt the project, originally led by a France-based firm, has paved the way for a China-backed contractor to take over. The decision underscores shifting political and economic alliances on the continent, where a growing number of countries are distancing themselves from former colonial powers and turning toward China for strategic […]
Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with the matter said. The funding illustrates renewed interest from the […]
Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next Tuesday, while another $2 billion […]