· Updated strategy includes lower risk initial Phase 1 250,000tpy Nigerian steel billet plant · Plant’s design and technical scope to allow expansion to original target output of 750,000tpy · Completion by end calendar 2020 of US$8m…
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Nigerian fintech startup Wallets Africa has secured an undisclosed amount of funding from a host of investors as it prepares to expand usage of its product to more African countries. Founded in 2018, Wallets Africa allows people and companies…
The Minister of Agriculture and Rural Development, Sabo Nanono on Monday said the Federal Government has earmarked N600 billion to enhance farmer access to agricultural financing in the country. Nanono said that about 2.4 million farmers were…
The Central Bank of Nigeria (CBN) has so far disbursed N49 billion out of its N50 billion Targeted Credit Facility meant to cushion the impact of the COVID-19 on the economy. Also, its Business Expectations Survey Report…
Business owners who register their organisations with the Corporate Affairs Commission (CAC) would no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number. In a statement on Monday, CAC said the…
The Presidential Task Force on COVID-19, yesterday, okayed both the Murtala Muhammed Airport (MMA), Lagos, and Nnamdi Azikiwe International Airport (NAIA), Abuja, for resumption of local commercial flight operations. The team, following an inspection tour of the…
Nigeria’s oil production, Monday, started to rise by additional 225,000 barrels per day, mb/d as Shell Nigeria Exploration and Production Company Limited (SNEPCo), operator of the Bonga field floating production, storage and offloading vessel (FPSO), completed the…
President Muhammadu Buhari will flag-off the construction of the$2.8billion Ajaokuta-Kaduna-Kano (AKK) pipeline project tomorrow. The project will eventually break through tomorrow after seven years of rigorous processes that morphed from policy conception through implementation strategy designs, master-plans…
Shell Nigeria Gas has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones. The project has also enabled the supply of pipeline gas…
IFC, a member of the World Bank Group, today announced a $70 million investment in First City Monument Bank Plc to support the Nigerian bank’s growth strategy and help it increase financing of small and medium enterprises….
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