Sirika disclosed this during a media tour led by the Minister of Information and Culture, Alhaji Lai Mohammed. The Minister of State, Aviation, Sen. Hadi Sirika, says the Nnamdi Azikiwe International Airport, Abuja runway repairs is 57…
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On Tuesday, 28 March 2017, it was reported that 8 Miles, a private equity firm owned by British singer Bob Geldof has finally acquired minority stakes in Nigerian biscuit company, Beloxxi industries limited. This deal worth $80…
The Corporate Affairs Commission, CAC, demonstrated on Wednesday that business owners in Nigeria can now conveniently register their businesses online within 48 hours. At a CAC Customers’ Forum in Lagos organised in collaboration with the Presidential Enabling…
Lidya, an online lender based in Nigeria, said March 29 that it raised a $1.25 million seed funding round led by Accion Venture Lab. Newid Capital and several angel investors also participated in the round. Lidya, a…
Nigeria has announced a 7.5 percent yield for its $500 million Eurobond approved by the National Assembly, last week. The latest segment is part of the Global Medium Term Note Programme, which will be consolidated and form…
The Central Bank of Nigeria (CBN) has approved a licence for the Development Bank of Nigeria with $1.3 billion as seed capital, Minister of Finance, Kemi Adeosun said yesterday. The ministry, which is the chief promoter of…
To expand lending to 3.8 million farmers by 2026 The Nigerian Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL), plans to facilitate about N60 billion in fresh commercial bank lending to farmers in the current financial…
Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector. In its investment commitment, Cros Agro has outlined plans to expand its existing potato production area…
To boost bilateral ties and increase inflows of foreign direct investments, stakeholders within Nigeria and Norway have sought opportunities in the non-oil sector in addressing economic challenges bedevilling the two nations. Besides, the Nigerian Export Promotion Council…
The federal government, through the Ministry of Industry, Trade and Investment, yesterday banned the importation of tomato paste, powder or concentrate, and increased the tariff on importation of tomato concentrate among others from five to 50 per…
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