Carbon Value Exchange (Cavex) Secures Seed Funding Led by E3 Capital to Scale its Digital Carbon Financing Platform
Carbon Value Exchange (Cavex) has successfully closed its seed funding round, led by E3 Capital and with participation from FSD…
Day: November 13, 2023
Goodwell Investments Leads $8.5M Series B Round for Zambian Social Enterprise Good Nature Agro
Impact investor Goodwell Investments, in collaboration with Oikocredit and Global Partnerships/Eleos Social Venture Fund (GP SVF), has invested $8.5 million…
Blue Earth Capital Commits $20 Million to African Infrastructure Investment Fund 4 (AIIF4)
Blue Earth Capital has committed $20 million to African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers…
Emerging Africa Infrastructure Fund, PIDG, and Ninety One Commit $31 Million to Paratus Group for Fibre and Data Centre Expansion
The Emerging Africa Infrastructure Fund (EAIF), along with infrastructure development organization Private Infrastructure Development Group (PIDG) and fund manager Ninety…
EIU Warns CBN Lacks Sufficient Firepower to Clear $6 Billion Forex Backlog
The Economic Intelligence Unit (EIU) cautions that the Central Bank of Nigeria (CBN) lacks the necessary capacity to address the…
Nigeria Expects “Immediate” Multi-Billion-Dollar Investments from Saudi Arabia
Nigeria anticipates “immediate” multi-billion-dollar investment flows from Saudi Arabia after signing an agreement to reestablish the Nigeria-Saudi Arabia Business Council.…
Nigeria’s Communications Commission Stresses Internet Connectivity for SMEs, Reaffirms 70% Broadband Target
The Nigerian Communications Commission (NCC) emphasizes the crucial role of internet connectivity in fostering Small and Medium Enterprises (SMEs) in…
Nigeria Manufacturing Expo Aims to Boost Local Raw Material Sourcing
The Nigeria Manufacturing and Equipment Expo (NME) and Nigerian Raw Materials Expo (NIRAM), organized by the Manufacturers Association of Nigeria…
NNPC Brokers Peace Deal Between TotalEnergies and Oil Unions, Resumes 275,000 BPD Oil Production
The Nigerian National Petroleum Company Limited (NNPC) announced on Sunday that it mediated a peace deal to resolve the dispute…
Dangote Refinery Secures License to Process 300,000 Barrels of Nigerian Crude Daily, Says Aliko Dangote
Aliko Dangote, Africa’s richest person, announced that the Dangote refinery has obtained a license to refine more than 300,000 barrels…
KPMG Forecasts Nigeria’s Headline Inflation to Reach 30% by December 2023 Due to Recent Reforms
KPMG predicts that Nigeria’s headline inflation will escalate to 30% by December 2023, citing recent reforms such as fuel subsidy…