FCMB offers N30m clean energy loans for homes, SMEs
First City Monument Bank (FCMB) says it has boosted its energy finance loan, offering up to N30 million to help Nigerian households and small businesses buy solar panels, batteries, inverters and other clean energy equipment. With up to three years of repayment, this loan aims to ease financial pressures, allowing businesses to allocate more funds […]
InfraCredit secures $30m facilities to support Nigeria’s renewable energy
InfraCredit has secured a $30 million risk-sharing and blended local currency co-financing facility from British International Investment (BII), the United Kingdom’s development finance institution and impact investor, to support the clean energy transition in Nigeria. The $30 million investment is a dual financing instrument combining a $20 million (N32 billion) local currency counter-guarantee and a […]
Telcos shift to renewables as diesel cost hits N570bn
Major telecom companies, including MTN and Airtel, are shifting their focus to renewable energy sources such as solar, wind and lithium batteries as diesel costs continue to rise, reaching a staggering N570bn in just eight months. With diesel prices averaging N1,426.09 per litre monthly, according to the National Bureau of Statistics, the financial strain on […]
