September 2020

Africa’s first fully integrated telehealth start up leveraging technology in harnessing diaspora and local doctors and medical service providers through a secure electronic medical record and video software, is one of the seven women entrepreneurs who will…

This call is in a bid to get the support of relevant stakeholders in raising additional capital through private placement. JAIZ Bank Plc, has announced plans for a private placement that will see the injection of fresh…

Sterling Bank Plc has said it is considering a new subsidiary as it transforms into a holding company. The Managing Director and Chief Executive Officer of the bank, Mr Abubakar Suleiman, said this in a statement on…

Access Bank has received the ‘approval in principle’ of the Central Bank of Nigeria (CBN) to restructure into a holding company. Access Bank, in a notice to the Nigerian Stock Exchange, said the proposed HoldCo structure would…

Nigerian mobility startup MAX.ng has secured NGN400 million (US$1 million) in capital under a first-of-its-kind securitisation of vehicle lease receivables under a Private Company Bond programme it hopes will eventually bank it NGN10 billion (US$22 million). Founded…

Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC. FrieslandCampina WAMCO has acquired the company’s production facility in Ikorodu, Lagos State and the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready…

The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons of Liquefied Petroleum Gas (LPG) from a paltry of 75,000mt it was when it started some years…

The National Business Sample Census is expected to commence on October 12 2020, and end on December 12 2020. The National Bureau of Statistics, with the support of the World Bank, has commenced the process of implementing…

Nigerian Investment Promotion Commission (NIPC) has emerged the second best for the second consecutive year of the Ministries, Department and Agencies (MDAs) that were assessed at the 2020 National FOI Compliance & Transparency Ranking. Out of the…

The Federal Capital Territory Administration (FCTA) and the African Development Bank (AfDB) are presently engaged in the process of fine-tuning modalities for the smooth take-off of the Special Agro-Industrial Processing Zones (SAPZ) as well as the National…