01 Advisors Raises $395M for Series B-Stage Startups: A Shift in Venture Focus
01 Advisors, founded by former Twitter CEO Dick Costolo and COO Adam Bain, along with Facebook veteran David Fischer, has…
Day: November 8, 2023
Emerging Africa Infrastructure Fund Commits $48 Million for West Africa’s First Social Asset-Backed Security
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has pledged XOF 30 billion (approx. $48…
Inspired Evolution Fund, FMO, and STOA Acquire 75% Stake in Red Rocket Group
Inspired Evolution’s Evolution III Fund, in collaboration with Dutch Development Bank FMO and STOA Infra and Energy, has successfully completed…
Rivian Shows Promising Q3 Results: Revenue Surges, Losses Narrow
Rivian, the electric vehicle (EV) manufacturer, has released its third-quarter results, showcasing significant progress in production and cost management. The…
Nigeria’s Maritime Security Crucial for Tapping into $2.5 Trillion Blue Economy Opportunities
Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), emphasized the pivotal role of maritime security…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the industry…
Total Energies’ Dividends Surge as Earnings and Cash Flow Strengthen
Total Energies Plc, a downstream firm, has demonstrated a robust dividend payout trend since 2006, with a consistent increase in…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the industry…
Nigeria’s High Drug Import Tariffs: A Barrier to Essential Medicines for Non-Communicable Diseases
Steep tariffs on imported drugs in Nigeria are driving up prices, making essential medicines for non-communicable diseases unaffordable for many.…
African Startup Funding Sees Decline in October, Nigeria Lags Behind Peers
Funding activity for startups in Africa, particularly Nigeria, witnessed a decline in October. While there was a modest month-on-month increase…
Atedo Peterside Criticizes Nigerian Government’s Lavish Spending Amid Economic Crisis
Atedo Peterside, in an exclusive interview with BusinessDay, has voiced his criticism of the Nigerian government’s extravagant spending habits, particularly…