August 2020

Governor Bala Mohammed spoke passionately about recent efforts in Bauchi State to improve the business environment and prepare the State to receive new investors. As part of these efforts, the State Government has been focused on removing…

Ellah Lakes Plc, a palm oil producer is meeting investors to raise $40 million to expand operations and meet the increasing demand for the commodity after government restrictions on imports increased an existing supply gap. The company,…

Sesame seeds have been ranked as the most traded agricultural products in Nigeria during the first quarter of 2020. This is according to data from National Bureau of Statistics under the foreign trade statistics section. The produce…

The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB. The Central Bank of Nigeria (CBN) has granted final licenses to 3 Payment Service Banks (PSBs) to start operation. The final approval to the…

The federal government has reopened the Akanu Ibiam International Airport in Enugu and urged entrepreneurs from the South-east region to invest in the planned concession of airport facilities. Minister of Aviation, Senator Hadi Sirika, who represented President…

The federal government has constituted a committee on the establishment of Diaspora Investment Trust Fund. Minister of State, Foreign Affairs, Zubairu Dada inaugurated the 14-member team in Abuja. Dada told them to advise the government on: The…

Ondo State has begun selling farm inputs to farmers at 30 per cent subsidy to tackle the food insecurity post COVID-19. Senior Special Assistant to the governor on Agriculture and Agric Business Akin Olotu said this when…

In line with the vision of transforming Lagos into a 21st-century economy, Babajide Sanwo-Olu, Lagos State governor, has awarded 23 innovative and tech-inclined startups a total grant of N100 million out of N250 million Lagos State Science…

Companies in financial technology (Fintech) services have secured $560 million representing a 197 percent growth between 2017 and 2020, according to a report by Enhancing Financial Innovation and Access (EFInA). The fintech segment which currently hosts over 200 companies…

RTS Global Insurance Brokers Ltd, a leading insurance and reinsurance broker, has concluded plans to expand its business in Lagos with a move to Alaro City, Lagos’ new city in the Lekki Free Zone. The firm, which…