December 2020

Nigeria’s Bank of Industry has concluded a $1 billion three-year syndicated loan to support businesses and revitalize the industrial sector in the country. “The deal demonstrates the capacity of financial institutions to continue their vital activities during…

InfraCredit, a specialised infrastructure credit guarantee institution has announced its guarantee of Transport Services Limited’s (TSL) N12 billion 10-Year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds Due 2030 under a N50 billion Debt Issuance Programme. The…

Nigeria’s Kwik Delivery start-up plans to expand outside its original Lagos market after completing a $2m fundraising, CEO Romain Poirot-Lellig tells The Africa Report. Abuja is the first Nigerian city on the list, and Poirot-Lellig expects to be…

Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in…

Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent…

The Federal Government has declared January 2021 as a month to campaign for the importance of the African Continental Free Trade Area Agreement (AfCFTA) in Nigeria. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo made…

Leading indigenous and innovative ICT firm, Access Solutions Limited, has said work had reached an advanced stage towards the production of locally manufactured ventilators in a major push to combat the deadly COVID-19 pandemic currently ravaging the…

Kebbi State Governor, Senator Abubakar Bagudu, has commended Tropical General Investments Group’s subsidiary, WACOT Rice Limited, for boosting the government’s food security drive. According to a statement issued on Sunday, the company received a $10.5m investment partnership…

Mikano Motors, a subsidiary of Mikano International Limited, has completed plans to roll out autogas vehicles and electric cars in Nigeria. However, the company wants the Nigerian government to create the enabling environment and legal backing. Similarly,…

FG said that the new International Airport Terminal in Lagos, Nigeria will be opened in 2021. Federal Government has said that the new International Airport Terminal in Lagos, Nigeria, reportedly worth $38 million, will be opened in…