Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate’s N22.7 trillion Ways and Means advances to the Federal…
Day: May 23, 2023
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at fostering economic…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services. RMB Ventures has acquired…
The acquisition of a South African tech company is being driven by Infinite Partners.
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed to buy e4,…
Breweries and the Tobacco Sector on the Verge of Disaster.
According to Dike Onwuamaeze, businesspeople and economists have expressed concern that the 2023 Fiscal Policy Measures may bring about the…
“Nigeria: $21 billion in revenue, 100,000 jobs coming from our refinery” – Aliko Dangote.
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products “will be in the market before the…
Report: Nestle Borrowings Rise to N155bn.
At the end of the 2022 fiscal year, Nestle Nigeria Plc’s total interest-bearing obligations increased by 102.05 percent to N155…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa’s foreign direct investment, according to Kashifu Inuwa, Director General of the National Information Technology Development Agency,…
Dangote refinery gasoline launches on the market in July, helping FG save N7 trillion.
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly N35tn in fiscal…