Investors, PowerChina, Swiber Africa set up $500m Agro-industrial Park in Abia State.
An agro-industrial park has been established in Abia State by PowerChina and Swiber Africa to promote industrialization and increase foreign…
Category: investment
Under Buhari, CBN Grants $3.5 billion for International Education.
Data acquired on Sunday from the Central Bank of Nigeria’s website indicated that under President Major General Muhammadu Buhari, the…
Nigeria is Driving Infrastructure Investment in Africa to Increase Gas Exports.
In order to increase the export of gas to Europe and other continents, Mallam Mele Kyari, Group Chief Executive Officer…
Nigeria Telecoms Sector has 500,000 Workers and has Invested $70 billion.
According to Prof. Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission, the telecommunications industry supports 500,000 employment.…
With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O) announced that it…
UK And US Investments In Nigeria Decline By $242million.
Economic experts claim that the fall is as a result of a variety of factors. This includes insecurity and the…
Saudi Arabia To Invest $1 Billion In Pakistan.
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported. Saudi King Salman bin Abdulaziz had given…
$20 Billion Indian Investments In Nigeria – Foreign Minister.
Indian Minister of State for External Affairs Shri Vellamvelly Muraleedharan has disclosed that Indian investments in Nigeria amount to $20…
Nearly 67,000 Investors Lose Everything As Bitcoin Drops Below $24K.
Following weeks of occasionally encouraging, sometimes confusing economic indices; and company profits, investors are still in a wait-and-see mentality, as…
To Reduce Pollution, The United States Is Providing $1.66 Billion For New Buses.
The U.S. Transportation Department said it is awarding $1.66 billion in grants to cities and states to buy 1,800 buses…
Shareholders Vote To Oust Chair Of Trian UK Investment Firm.
Shareholders of UK investment trust Trian Investors 1 Ltd (TI1) (TI1. L) have voted at an extraordinary general meeting to remove Chris…
Asia Shares Increase As A Fed Rate Hike Approaches.
Asian shares pared losses as investor sentiment improved on China’s reported plans to tackle a debt crisis in real estate…
China Belt & Road Spending Dips In H1, With No Investment In Russia.
China’s finance and investment spending in Belt and Road countries fell in the first half compared to a year earlier.…
Rogers To Invest C$10 Billion In AI, Testing After Massive Outage.
Rogers Communications Inc (RCIb.TO)said it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence; and…
Amazon Strikes $3.5 Bln Deal For One Medical In Long March Into U.S. Healthcare.
\Amazon.com Inc (AMZN.O) agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Expanding the e-commerce giant’s virtual…
Gold Drops Below $1,700 An Ounce, Lowest Level In Over A Year Amid Anticipated Interest Rate Hike.
The price of gold declined in London, reaching its lowest level in over a year. As investors anticipated interest rate…
CIC Halts Land Sale On Lukewarm Interest.
CIC Insurance Group has postponed the sale of its subdivided 200-acre land in Kiambu to next month after the August…
Airtel Shareholders Earn N3.6 Trillion Year-To-Date On Positive Sentiment
Positive sentiment witnessed on shares of Airtel Africa Plc since the beginning of the year;has resulted in investors of the…
FUGAZ Investors Gain N17 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ; appreciated by 0.77% to…
Dangote Cement Signs 5-Year Agreement On Development With Host Communities
Dangote Cement has signed a five-year community development agreement with its Ibese Plant host communities in Ogun State. The contract serves as…
Investors Selling Off Investments In Oil Futures Over Recession Fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to…
Fidson Plans N1 Billion Dividend Bonus Shares For Shareholders
Fidson Healthcare sets to pay shareholders over N1 billion in dividends and also issue them one new share for every…
Over 20% Of Toshiba Investors Against Activist Fund Execs, Dissident Director.
More than 20% of Toshiba Corp (6502.T) shareholders voted against a dissident external director and two board directors from activist…
Corporate Trustees Give Safety Tips On Investments.
The Association of Corporate Trustees has said that trustees play a relevant role in; ensuring capital market investment protection in…
China Proposes Rules To Regulate Private Pension Investment Via Mutual Funds.
China’s securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the criteria for qualified products and…
Investors Lose N247.62 Billion In Two Top Nigerian Banks Year-To-Date As Sell Pressure Intensifies
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO Plc…
Manufacturers Reduce Investment By 61%, Borrowing Cost Hits 22%
Nigerian manufacturers reduced their investments in the economy by 61% between 2018 and 2021. This from economic reviews of the…
Despite Negative Yield, Investors Oversubscribe CBN’s June 2022 T-Bills By 527%
Nigeria’s high inflation rate has permitted a negative yield in the fixed income market. A whopping 527% oversubscribed the Central…
Asia Shares Slip, Hard To Dodge Recession Risks
Asian shares slipped on Monday and Wall Street futures eked out slight gains amid worries the U.S. Federal Reserve would…
Bitcoin On Its Way To $32,000 As On-Chain Data Suggests Net Accumulation
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the $30,000 resistance…