August 2019

Lagos-based accelerator Itanna will invest $30 000 in each of the four startups currently participating in its second cohort, the accelerator’s head of investments Tony Idugboe has said. Idugboe told Ventureburn in an email yesterday (28 August)…

Toyota Group has made known its intention to invest in several sectors in Nigeria apart from automobiles. The President/Chief Executive Officer (CEO) of the group, Ichiro Kashitani, said this during a meeting with President Muhammadu Buhari. During…

Nigeria’s Broadband penetration target has now exceeded the 30% benchmark set for it in the National Broadband plan of 2013 to 2018. It currently stands at 33.31% since June 2019. This was revealed by the Executive Vice…

As the efforts towards achieving self-sufficiency in rice production in Nigeria thickens, one of Nigeria’s indigenous rice milling company based in Kano, Amarava Rice Mill, has said it is targeting to double its production capacity by September…

he Infrastructure Concession Regulatory Commission (ICRC) has granted the Federal Ministry of Health the nod to concession 22 tertiary hospitals. The selected teaching hospitals will be run on a public-private partnership (PPP), with the aim of improving…

MTN Nigeria is set to unveil its new subsidiary, Y’ello Digital Financial Service Limited and mobile money services today. The telco registered the new subsidiary with the Corporate Affairs Commission in 2018 and obtained a super-agent licence…

Nigeria’s oldest surviving and largest conglomerate, UAC of Nigeria (UACN) Plc and South African leading logistics provider, Imperial Logistics Limited have entered into a share acquisition agreement that will see Imperial Logistics acquiring the controlling equity stake…

The Bureau of Public Enterprises (BPE) has expressed satisfaction with the level of compliance with the post-acquisition plan by APM Terminals and other terminal operators at the Lagos Port Complex, Apapa. APM Terminals Apapa, which took over…

Ignite Investments and Commodities Limited has reviewed plans to increase its stake in Forte Oil Plc by 0.04 per cent. Forte Oil said in a statement on Wednesday that Ignite Investments expressed its intention to undertake a…

Achim Steiner, UNDP Administrator Praises Tony Elumelu’s Private-Sector Led Approach to African Development President of South Africa, H.E. Cyril Ramaphosa: “If you want really good returns, as Tony Elumelu said, come to Africa” Elumelu Champions Job Creation…