Browsing Category
investment
Dangote Fights Back… NMDPRA Letter Shows Regulator Approved Refinery’s In-house…
Dangote Refinery is defending the quality of its refined products following allegations by the Nigerian Upstream…
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
The harsh business environment in Nigeria led to a 57.36% decline in foreign investments in the manufacturing…
Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to…
Governor Babajide Sanwo-Olu of Lagos State announced plans to establish a Sovereign Investment Fund during a…
EU seeks areas to invest part of 150bn Euro sub-regional package
The European Union (EU) is exploring potential investments in Nigerian ports as part of its €150 billion…
RT Briscoe To Raise N10bn With Investment Scheme
RT Briscoe has launched a flexible investment plan aimed at supporting its 43,000 shareholders, mostly retired…
Olufemi Otedola Becomes Largest Shareholder in FBN Holdings with New Share…
Olufemi Otedola, chairman of FBN Holdings, has acquired an additional 546,674,034 shares through Calvados Global…
WIOCC raises $41 million to expand infrastructure in Nigeria, others
The West Indian Ocean Cable Company (WIOCC) has secured $41 million in debt funding led by IFC and Proparco to…
Ekpo Woos Canadian Businesses, Investors to Nigeria’s Gas Sector
Nigeria's Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized the necessity of global…
Morning Bid: Buoyant US eyes French angst, China home woes
Wall Street stocks and bonds maintained stability following a dynamic macroeconomic week, despite concerns over…
Rubicola Partners NGX, ACCA On Sustainability, Climate Risk Disclosures
In an effort to enhance corporate transparency and sustainability in Nigeria, Rubicola Consulting has partnered…
G7 partners pledges $420-million-dollar investments for Africa as Nigeria…
Leaders from the Group of Seven (G7) countries, along with representatives from Italy and the United States…
Uncertainty Clouds Nigeria’s Eurobond Plans
Nigeria’s plans to issue Eurobonds this year, a key strategy to strengthen government finances, are facing…
Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion
Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards…
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
Two of Japan's largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG),…
FG eyes $7bn FDI from oil sector – Wale Edun
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced the securing of $7…
Investment Tribunal Settles Over N1 Trillion in Capital Market Disputes
The Investment and Securities Tribunal (IST) has played a key role in fostering investor confidence in the…
Government Invests N110 Billion in Young Entrepreneurs
The Nigerian government has announced a significant investment in young entrepreneurs. The Federal Executive…
Dangote Calls for More Investment in Africa’s Industries, Not Just Resources
Aliko Dangote, president of Dangote Industries Limited, is urging increased investment in African industries.…
Amazon to invest $1.3 bln in France, create 3,000 jobs
Amazon, a big company known for online shopping, announced that it will invest over 1.2 billion euros (which is…
TotalEnergies To Empower 100 African Startups
TotalEnergies is gearing up to support 100 startup businesses across 32 African countries in the 4th edition of…
NCC Partners with Nokia to Train Nigerian Youths on 4G/5G Technologies
The Nigerian Communications Commission (NCC) has entered into a Memorandum of Understanding with Nokia Solutions…
Lagos Attracts $3 Billion Investment in Three Years Says Commissioner
Tunbosun Alake, the Commissioner for Innovation, Science, and Technology of Lagos State, announced at the 2024…
All On invests £1m in mobile power for renewable energy solutions
The investment will support Mobile Power's expansion efforts, particularly the roll-out of the MOPOMax, a…
South Korea to invest billions in AI to strengthen industry
South Korean President Yoon Suk Yeol has announced a major investment of 9.4 trillion won ($6.94 billion) in…
FCMB supports ReelFruit on sustainable manufacturing
First City Monument Bank (FCMB) has reiterated its dedication to sustainable manufacturing practices aimed at…
Johnson & Johnson to acquire Shockwave medical for $12.5 Billion
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson &…
Ekiti varsity unveils N1bn agro-tech fund
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion…
MTN Nigeria seeks shareholders’ input In capital loss management
MTN Nigeria has announced plans to hold an extraordinary general meeting (EGM) with its shareholders later this…
Disney gains upper hand in boardroom battle against activist investors
Walt Disney (DIS.N) seems to have gained the upper hand in the battle for board seats and the future direction of…
Huawei partners with banks, revolutionize finance
Leading banks in Nigeria, including Access, Zenith, and UBA, gathered in Lagos for the Huawei Finance Congress,…