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afc launches $150m climate infrastructure fund

AFC Launches $150 Million Climate-Resilient Infrastructure Fund in Nigeria

August 25, 2026 AFC Capital Partners, the asset-management subsidiary of Africa Finance Corporation (AFC), has launched a $150 million Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) aimed at mobilising domestic institutional capital for infrastructure investment in Nigeria. The fund has been registered with Nigeria’s Securities and Exchange Commission (SEC) as a closed-end fund and is targeting

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tony elumelu's profile by the project herald news

Tony Elumelu’s Seplat Stake Crosses $1 Billion — Up From $500m in Under Eight Months

Tony Elumelu’s investment vehicle, Heirs Holdings, acquired a 20.07% stake in Seplat Energy — 120.4 million shares — from French energy company Maurel & Prom in a transaction that closed on 30 December 2025, at £3.05 per share, valuing the deal at approximately $496–500 million. Eight months on, that stake is worth more than $1

Tony Elumelu’s Seplat Stake Crosses $1 Billion — Up From $500m in Under Eight Months Read More »

nigeria reserves could hit $53bn nesg projects

Nigeria’s External Reserves Could Reach $53 Billion by Year-End, NESG Projects

LAGOS, Nigeria — 21 August 2026 Nigeria’s external reserves could rise to approximately $53 billion by the end of 2026 if current macroeconomic reforms are sustained, according to the Nigerian Economic Summit Group (NESG) in its latest H2 2026 economic outlook. The organisation said stronger oil production, improving non-oil exports, ongoing foreign exchange reforms and

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nigeria's ₦30.64trn reform

Nigeria’s Finance Minister Presents Government’s Own Reform Scorecard — ₦6.47 Trillion Claimed for InfrastructureNigeria | 20 August 2026

Finance Minister Taiwo Oyedele presented the Federal Government’s self-produced “Reform Scorecard” in Abuja on Wednesday, the administration’s own accounting of ₦30.64 trillion in incremental spending between June 2023 and December 2025. By the government’s breakdown, the largest single item was ₦9.39 trillion on wage adjustments and minimum-wage increases, followed by ₦9.37 trillion on external debt

Nigeria’s Finance Minister Presents Government’s Own Reform Scorecard — ₦6.47 Trillion Claimed for InfrastructureNigeria | 20 August 2026 Read More »

nigeria's wage bill, debt servicing gulp ₦18.8tn

Nigeria’s Wage Bill and Debt Servicing Absorbed ₦18.8 Trillion in Additional Federal Spending

Nigeria’s Federal Government spent ₦18.76 trillion on public sector wages and external debt servicing between June 2023 and December 2025, underscoring the growing fiscal pressures facing Africa’s largest economy despite ongoing economic reforms. According to Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, ₦9.39 trillion was spent on wage adjustments, the

Nigeria’s Wage Bill and Debt Servicing Absorbed ₦18.8 Trillion in Additional Federal Spending Read More »

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NVIDIA, OpenAI & SB Energy Launch Massive Ohio AI Data Centre Campus

Published: 18 August 2026Category: Global Projects, Capital Intelligence, Technology NVIDIA, OpenAI and SB Energy have announced plans to develop one of the world’s largest artificial intelligence infrastructure campuses at the PORTS-Pike Technology Campus in Pike County, Ohio. The initial phase of the development will deliver 4.25 gigawatts (GW) of AI computing capacity, with the broader

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South Africa Secures $500m AIIB Loan to Strengthen Climate-Resilient Urban Services

UNCCD COP17 Opens in Mongolia, Puts Land Restoration Financing on the Global Agenda

The 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification (UNCCD) officially opened in Ulan Bator, Mongolia, on Monday, bringing together representatives from the UNCCD’s 197 parties under the theme “Restoring Land, Restoring Hope.” Mongolian Prime Minister Nyam-Osor Uchral, opening the conference, said desertification, land degradation and drought “transcend national borders

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FG Opens Over 4,000 Abandoned Plateau Mine Pits to Private Investors for Energy, Tourism and Fishery Projects

The Federal Government has identified more than 4,000 abandoned mine pits across Plateau State as potential sites for private investment in energy, tourism and fishery projects, following decades of tin mining activity in the state. Minister of Solid Minerals Development Dele Alake said the government is seeking private-sector partners willing to convert the pits —

FG Opens Over 4,000 Abandoned Plateau Mine Pits to Private Investors for Energy, Tourism and Fishery Projects Read More »

Bank of Industry’s Maiden N250bn Bond Oversubscribed as Institutional Investors Show Strong Appetite

The Bank of Industry Limited (BOI) says its maiden N250 billion Series 1 Fixed Rate Bond closed oversubscribed within five working days, following strong demand from institutional investors. The bond was issued through BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme. It drew participation from Pension Fund Administrators, commercial banks, Development

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