June 2018

When Nigerian logistics startup Kobo360 interviewed for Y-Combinator’s 2018 cohort a question stood out to founder Obi Ozor. “‘What’s holding you back from becoming a Unicorn?’ they asked. My answer was simple: ‘working capital,’” said Ozor. Kobo360 was accepted…

Peace Mass Logistics (PML) international service, a courier subsidiary of Peace Mass Transit (PMT), has ýentered into partnership with a courier firm, United Parcel Services (UPS). The partnership agreement was with a view to increasing operation bases…

ALE Heavylift, Staffordshire-based global solution provider in heavy transport and lifting, has opened a new office in Nigeria, aiming to deliver its strategic heavy-lift services to a wide range of sectors in the country Describing Nigeria as…

A supermarket and resource center where rice farmers and other farmers could access agro-inputs, tractor, agricultural machineries such as power tillers, plow, planters and threshers has opened in Birnin Kebbi, Kebbi State. The supermarket is a collaborative…

A Nigerian company and its foreign partner have announced a multi million dollar direct investment in cultivation of cassava in Enugu State. A target of 11,000 hectares of cassava farms would be cultivated in 22 locations of…

The Kano State Government and the Hunan Province of the People’s Republic of China have signed a friendship agreement that will cover several areas of bilateral cooperation. The Director-General of Foreign Affairs, Office of Hunan Provincial Government,…

The Federal Government of Nigeria (FGN) Bond Auction for June 2018, has been oversubscribed once again. A statement from the Debt Management Office (DMO) last night said the auction which held on Wednesday June 27, 2018, was…

Pan-African firm Oranto Petroleum said on Wednesday it would start exploring for oil in Zambia after it was awarded two blocks, its first investment in the southern African nation. Zambia does not produce oil, but the government…

The Board of Directors of Nigeria’s Cement Company of Northern Nigeria (“CCNN”),  and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant, announces that it has informed the Nigerian Stock Exchange of its proposed merger…

The federal government wednesday in Abuja unfolded plans to spend N250 billion for the development of special economic zones across the six geo-political zones of the country in pursuit of the country’s industrialisation agenda. Making this disclosure…