February 2020

Google said it is partnering with Flutterwave, to begin some business clinics aimed at helping about 5,000 merchants across Nigeria acquire the skills and tools they need to function as in the ever competing business environment. Tolulope…

The Economic Community of West African States (ECOWAS) Commission and the World Bank Group has implemented the “Improved Business and Investment Climate” in West Africa Project to improve the Investment Policy (IP) and Investment Climate (IC) in…

International Finance Corporation (IFC), a member of the World Bank Group, yesterday, announced a $25million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria. The facility, which…

On 21st February 2020, the first working group meeting of the Japan Nigeria Business Facilitation Council (JNBFC) took place in Lagos. The meeting was following the first meeting of JNBFC that was officially launched last November (https://www.ng.emb-japan.go.jp/files/000541359.pdf)….

Nigeria approved disbursing $268 million in funding to support agricultural entrepreneurs and young technology innovators, Vice President Yemi Osinbajo said. One tranche of the funding, worth 90 billion naira ($248 million), will be dispensed by the central bank as…

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020. The corporation’s Group Managing Director, Mallam Mele Kyari, said the pipeline when fully constructed would…

Dangote Fertiliser Limited (www.Dangote.com) has begun countdown to the inauguration of its $2 billion Granulated Urea Fertiliser  complex located in the Dangote Free Zone. With a capacity of 3 million tonnes per annum, the plant has been classified…

… Says Nigeria is Africa’s Leading Exporter of LNG The Nigerian National Petroleum Corporation (NNPC) will aggressively expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1billion…

Nigeria’s government has licensed two gold refineries to produce the metal for export and for the central bank to hold in its reserves, the mines minister has revealed. Minister of Mines and Steel Development Olamilekan Adegbite told…

In line with a string of recent policies aimed at creating an enabling environment for businesses and attracting investment into the economy, the Nigerian government plans to introduce more tax incentives for investors in the capital market,…