Global interest in Nigeria’s emerging tech sector has been buoyed by the investment of Mark Zuckerberg, CEO of Facebook, in Andela, a Nigerian start-up, followed by a visit to Yaba in September 2016. The visit by the…
The board of Capital Oil Plc has been given the go-ahead to accept the N600 million the management of Pinnacle Oil and Gas Limited is planning to invest in the company. Business Post reports that Pinnacle wants…
In what seems to be a direct consequence of novel reforms to open up its business space, Edo State is welcoming an influx of foreign investors, as the State Governor, Mr. Godwin Obaseki commissioned Rongsheng Glass Nigeria…
Gov. Willie Obiano of Anambra has announced plans by the state government to boost spices production of spices for local consumption and for export. Obiano made this known after an inspection tour of Tiger Food Production Company,…
The aim was to further strengthen the industry as a venture that has the potential for creating jobs, alleviating poverty, facilitating public enlightenment and enhancement of socialisation. Governor Abdullahi Umar Ganduje disclosed this, late Saturday evening, at…
The acting Director, Corporate Communications, Isaac Okorafor, said the sale in the Chinese Yuan was done through a combination of spot and 15-day tenor. The Central Bank of Nigeria (CBN) on Friday provided 340 million dollars and 69 million Chinese…
NIGER Insurance Plc is set to attract fresh capital from new investors in a bid to drive its transformation initiative. Chairman of the company, Mr. Hamisu Abubakar, who disclosed this at the company’s annual general meeting in…
Nigerian software development training firm Andela has partnered with Rwanda’s Ministry of ICT and the Rwanda Development Board (RDB) to establish a pan-African tech hub in Kigali, the Kigali Technology Campus. Andela made headlines in 2016 after…
The Nigerian Export-Import Bank (NEXIM) has approved the disbursement of loans totaling about N25billion in support of various projects in the non-oil export sector. This is coming after the review of applications under the Export Development Fund…
The Nigerian Railways Corporation (NRC) has said the Abuja to Kaduna train service has recorded approximately 900,000 passengers in two years. The Manager, Abuja-Kaduna Train Service, Mr. Pascal Nnorli disclosed this on Thursday at the two years…