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Day: May 16, 2023

Nigeria requires $12 billion to clean up oil spills in Bayelsa.
environment

Nigeria requires $12 billion to clean up oil spills in Bayelsa.

A new assessment claims that Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over…

byakintundeMay 16, 2023May 16, 2023
May 29 – IGP Issues Warning Against Attempt to Cancel Inauguration.
Local

May 29 – IGP Issues Warning Against Attempt to Cancel Inauguration.

Ahead of the inauguration of the President of the Federal Republic of Nigeria and other elected government officials around the…

byakintundeMay 16, 2023May 16, 2023
The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for commissioning.
Energy

The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for commissioning.

Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has been finished, emphasizing that…

byakintundeMay 16, 2023May 16, 2023
The United States imposes a visa ban on Nigerians who disrupted the 2023 elections.
Local

The United States imposes a visa ban on Nigerians who disrupted the 2023 elections.

The United States declared that it had taken efforts to enforce visa bans on individuals who interrupted Nigeria’s recent general…

byakintundeMay 16, 2023May 16, 2023
The Federal Government spends N13 trillion on subsidies and establishes removal standards.
Local

The Federal Government spends N13 trillion on subsidies and establishes removal standards.

The Federal Government said it was working on a thorough roadmap for Bola Tinubu’s upcoming administration on how to handle…

byakintundeMay 16, 2023May 16, 2023
Nigerian inflation accelerates in April as food prices rise.
Local

Nigerian inflation accelerates in April as food prices rise.

The National Bureau of Statistics said that Nigeria’s annual inflation jumped to 22.22% in April, up from 22.04% the previous…

byakintundeMay 16, 2023May 16, 2023
Khulisani Ventures of MIC invests in Quro Medical.
HealthInvesting

Khulisani Ventures of MIC invests in Quro Medical.

MIC has invested R25 million in the firm, which is revolutionizing the way healthcare is delivered in South Africa, through…

byakintundeMay 16, 2023May 16, 2023
Aveng obtains debt financing for Trident Steel Africa.
Business

Aveng obtains debt financing for Trident Steel Africa.

Aveng Infrastructure and Resources has finalized the sale of Trident Steel, a steel solutions company, for R1.22 billion. With the…

byakintundeMay 16, 2023May 16, 2023
Three African investment managers have been awarded a Visa and an AWIF grant for entrepreneurship.
AfricaBusiness

Three African investment managers have been awarded a Visa and an AWIF grant for entrepreneurship.

The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa…

byakintundeMay 16, 2023May 16, 2023
STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.
AfricaBusinessFinance

STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.

STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million) transaction on Tuesday…

byakintundeMay 16, 2023May 16, 2023

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