The World Bank Group, through its newly launched XL Africa programme, will help 20 selected digital start-ups attract early stage capital between $250 000 and $1.5 million. XL Africa is a five-month business acceleration initiative designed to…
The Chinese government has set zero tariffs for imported products from the African continent, saying that Nigeria and other African countries will in addition, benefit from the several other poverty alleviation programs. This was disclosed by China’s Deputy…
Eland Oil & Gas PLC on Thursday reported a three-fold increase in the amount of recoverable reserves within the existing Opuama and Gbetiokun well inventory, adding 22.6 million gross barrels. Eland said, alongside its partner, it intends…
The Nigerian Minister of Transportation, Rotimi Amaechi, has disclosed plans by the federal government to launch the dredging of the 162 km Ajaokuta-Onitsha waterways on April 28, in Kogi. Addressing newsmen in Abuja on Tuesday, Amaechi said…
The Bank of Industry, has sealed a pact with the Rural Finance Institution Building Programme (RUFIN), an initiative of the Federal Ministry of Agriculture and Rural Development (FMARD), to provide access to soft loans to 100,000 small…
Shell Nigeria has resumed production at 225,000 barrels per day Bonga field, a development that looks set to boot Nigeria’s crude oil output and exports. The oil giant said in an emailed statement to Reuters that maintenance…
West African data centre services provider MainOne has announced plans to start construction on a new data centre in Ogun State. The facility is going to be located at the Flowergate Industrial Park, Sagamu, and serve as…
The Presidential Enabling Business Environment Council (PEBEC) has released a report card on the 60-Day National Action Plan on Ease of Doing Business which was implemented from February 21, 2017 to April 21, 2017. The report, which…
As part of efforts aimed at boosting the production of rice in Lagos, the State Government has announced plans to expand the rice mills at Imota from 2.5Metric tonnes per hour to 16Metric tonnes per hour while…
MINISTER for Mines and Steel Development, Dr. Kayode Fayemi, has raised hope of establishing a coal power generating plant in Enugu State in President Muhammadu Buhari’s administration. Fayemi disclosed that already three coal power generating plants had been established…
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