Africa Reinsurance Corporation has signed an agreement with the International Finance Corporation, a member of the World Bank Group to help insurance companies in Nigeria develop innovative agricultural insurance products for smallholder farmers. The scheme was launched…
Kobo360, Nigeria’s technology logistics platform, is set to launch its operations in East Africa. Its co-founder, Ife Oyedele II, said the company would open an office in Kenya this year with a view to exploiting opportunities along…
The National Automotive and Design Development Council (NADDC) yesterday said the Council has partnered with the Bank of Industry (BoI), Jaiz Bank and stakeholders to finance the manufacturing of made-in-Nigerian vehicles. The partnership should start to manifest…
After more than five years of trying to capture the informal sector under the Contributory Pension Scheme (CPS) with the Micro Pension Plan, the National Pension Commission seems to have gotten it right. This is because President,…
Nigeria’s central bank cut its benchmark interest rate to 13.5 percent from 14 percent, its governor said on Tuesday, following a meeting of its Monetary Policy Committee. The move is the first rate cut in more than…
Nigerian startup Sendbox, which provides delivery, escrow payments and authentic reviews for people who use social media platforms for e-commerce, has secured funding from early-stage fund Microtraction. Founded by Emotu Balogun and Olusegun Afolahan, Sendbox is building…
The Nigerian power sector is set to receive a major boost, as Transcorp Nigeria Plc disclosed its plans to inject $2.5 billion in the sector. Transcorp Nigeria Plc will make the investment through one of its subsidiaries,…
Skyway Aviation Handling Company PLC (SAHCO) has deployed a state-of-the-art Ground Support Equipment (GSE) to boost operations at its Port Harcourt station. The equipment is a High loader Air Marrel (LAM 35); a 35 tonnes capacity self-propelled…
The Industrial Training Fund (ITF) has concluded arrangements for the graduation of 11,000 trainees cross the country under its 2018 National Industrial Skills Development Programme (NISDP) as well as distribution of start-up packs to them. According to…
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. This latest deal brings Shell’s Nigerian contractor support fund to…
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