Market News

Abuja — This year's N6.06trillion budget as passed by the National Assembly (NASS) will pay strict attention to addressing perennial issues in power, housing and transport infrastructure, which got the lion's share of the capital votes.   The total budget figure is, however, N17 billion . . .

Luanda — The Angolan Government has invested about Usd 900 million in the Soyo Combined Cycle power project in northern Zaire province.   The information was released Tuesday by the minister of Energy and Water, João Baptista Borges, who said the project will be complete in 2017. . . .

President Muhammadu Buhari on Monday said his administration has set a target of delivering 10,000 megawatts of electricity generation in the next three years.   The president, who stated this while addressing the National Economic Council retreat held at the State House, Abuja, said this yea . . .

Maputo — The Mozambican and Zambian Presidents, Filipe Nyusi and Edgar Lungu, on Saturday inaugurated a floating power station in Nacala in the northern province of Nampula.   The power station can generate 100 megawatts and can supply northern Mozambique and Zambia.   The Turkis . . .

Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.   Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charg . . .