Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
REA, Lotus Bank Partner to Unlock N100 Billion for Rural Renewable Energy Projects
The Business NG
|BusinessNg
In a landmark move to boost electricity access in rural Nigeria, the Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MoU) with Lotus Bank to provide critical financing support for renewable energy developers.
-
The agreement, signed on February 23, 2026, establishes a N100 billion revolving credit facility under the Distributed Access to Renewable Energy Scale
Denne historien er fra BusinessNg -utgaven av The Business NG.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Business NG
The Business NG
Foreign Investors Pour N2.65 Trillion into Nigerian Stocks, Hitting 19-Year High
Foreign investment in the Nigerian stock market soared to a record N2.648 trillion in 2025, marking the highest inflow in 19 years.
1 min
BusinessNg
The Business NG
REA, Lotus Bank Partner to Unlock N100 Billion for Rural Renewable Energy Projects
In a landmark move to boost electricity access in rural Nigeria, the Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MoU) with Lotus Bank to provide critical financing support for renewable energy developers.
1 min
BusinessNg
The Business NG
CBN Cuts MPR to 26.5%: Boost for Growth, But Lending Relief Will Take Time -Analysts
The Central Bank of Nigeria has taken its first decisive step toward monetary easing, reducing the Monetary Policy Rate (MPR) to 26.5 percent from 27 percent at its 304th Monetary Policy Committee meeting in Abuja.
1 min
BusinessNg
The Business NG
Tension in Benin: Peter Obi Escapes Alleged Assassination at ADC Defection Event
There was tension in Benin City, Edo State, on Tuesday after former presidential candidate Peter Obi was reportedly involved in a security incident during a political gathering.
1 min
BusinessNg
The Business NG
MTN's Tower Takeover Sparks Monopoly Concerns for Airtel, T2, and Globacom
Controls over 28,700 Telecom towers in five African countries. Controls 15,942 Towers in Nigeria Experts Warn of Competition Risks
1 min
BusinessNg
The Business NG
NBA Denies USD 2,000 Payment Claims, Reaffirms No Funds Shared with SANs in Maiduguri
The Nigerian Bar Association (NBA) has refuted claims that USD 2,000 was shared among Senior Advocates of Nigeria (SANs) as an \"attendance fee\" during its engagement in Maiduguri, stressing that no such payment was made or authorized by the Association.
1 min
BusinessNg
The Business NG
NGX Records First Commercial Paper Listing with N119.87bn Dangote Cement
Admission.
1 min
BusinessNg
The Business NG
Recapitalisation: Banks Shift Focus to Compliance and Strategic Realignment
As the recapitalisation deadline approaches, the conversation within Nigeria's banking industry is evolving from aggressive capital raising to regulatory validation and long-term strategic positioning.
1 min
BusinessNg
The Business NG
Nigeria's Banking Sector Claims Majority of Q3 2025 Capital Inflows
The latest figures from the National Bureau of Statistics reveal that Nigeria's banking sector dominated capital importation in the third quarter of 2025, attracting more than half of all foreign funds entering the country.
1 min
BusinessNg
The Business NG
Kogi Records Highest Food Inflation While Ebonyi Posts Lowest in January 2026
Food inflation across Nigeria showed significant variation in January 2026, with Kogi State recording the highest rate at 19.8%, while Ebonyi State posted the lowest at 1.7%, according to data from the
1 min
BusinessNg
Listen
Translate
Change font size