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 US-Africa Business Summit in…
Category: investment
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 high-capacity generator replacement battery designed…
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 artificial intelligence…
FCMB supports ReelFruit on sustainable manufacturing
First City Monument Bank (FCMB) has reiterated its dedication to sustainable manufacturing practices aimed at reducing negative environmental impacts and…
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 & Johnson (J&J) has…
Ekiti varsity unveils N1bn agro-tech fund
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion Innovation Fund aimed…
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 month in Lagos.…
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…
Huawei partners with banks, revolutionize finance
Leading banks in Nigeria, including Access, Zenith, and UBA, gathered in Lagos for the Huawei Finance Congress, where Huawei introduced…
Govt derisking power sector to attract investments– Verheijen
Olu Verheijen, President Bola Tinubu’s energy special adviser, has highlighted ongoing government efforts to reduce risks in the power sector…
SEC declines PZ Cussons request to buy out Other shareholders
PZ Cussons Nigeria’s plan to delist from the Nigerian Exchange Group (NGX) has encountered a hurdle, as the Securities and…
IOM, Japan to construct 9 healthcare facilities in Adamawa
The International Organization for Migration (IOM), in collaboration with the Japan International Cooperation Agency (JICA), has announced plans to construct…
Foreign direct investments withdrawal will continue in Nigeria – EIU
The Economist Intelligence Unit (EIU) has issued a report stating that indigenous oil companies acquiring assets from international oil companies…
Saudi Aramco’s Dividend Payouts Exceed Nigeria’s Budget
Saudi Aramco, the majority state-owned oil firm of Saudi Arabia, announced a significant dividend payout of $97.8 billion in 2023,…
Foreign Investor Eyes LivingTrust Mortgage Bank
LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in…
Vitafoam Nigeria Plc Shareholders Approve N1.95 Billion Dividend
At the 62nd Annual General Meeting (AGM) of Vitafoam Nigeria Plc in Lagos, shareholders unanimously approved the company’s initial declared…
AfDB President Unveils $25 Billion Agriculture Investment Plan
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), is committed to tackling Africa’s food insufficiency challenge head-on. He…
Airtel Buys Back 991,861 Shares from Citigroup
Airtel Africa recently made a significant move in the stock market by purchasing nearly 992,000 units of its shares valued…
Delta State Government Partners with UK Firm for Mangrove Restoration Project
The Delta State Government recently finalized an agreement with a United Kingdom firm and other partners to restore mangrove forests,…
AVA Global Asset Launches 20bn Fund for Infrastructure Development
Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part…
UK Officials Seek Investment Opportunities in Nigeria
The UK Minister for Business and Trade, Kemi Badenoch, alongside the Prime Minister’s Trade Envoy to Nigeria, Helen Grant, is…
Dangote Refinery Among World’s Top 8 Largest Refineries
Nigeria’s Dangote Refinery, boasting a production capacity of 650,000 barrels per day, has earned a prestigious rank among the globe’s…
Bank of Industry to Administer N200bn Fund to Buisinesses
The Federal Government has entrusted the Bank of Industry (BOI) with a N200 billion fund aimed at bolstering businesses nationwide.…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The bond offering witnessed overwhelming investor interest,…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling operations in…
IFC’s Invests $2 Billion Across Sectors in Nigeria
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed that the institution’s investments in…
World Bank’s Managing Director to Embark on Visit to Nigeria
Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day engagement in…
Shell PLC Returns $23bn to Shareholders
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23 billion to…
FBN Holdings Reports N309bn Profit
FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced a substantial profit of…
Dangote Refinery: NIMASA Foresees Revenue Decline
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the commencement of operations by…