The investment arm of the Nigerian Air Force, the Nigerian Air Force Investment Limited (NAFIL), has announced the launch of a 2000 hectare farm at the Tactical Air Command (TAC) Base in Makurdi. The scheme was launched…
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The DLM Capital Group, has unveiled its Fixed Income Fund which aims to provide capital preservation and income generation. The fund, called the DLM Fixed Income Fund is classified as an open-ended unit trust scheme and will…
African technology company, Velvot Nigeria Limited has announced the opening of its first branch office in Northern Nigeria, located in Yola, Adamawa State. Velvot Nigeria is a digital strategy partner for businesses and organisations offering innovative business-critical…
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences issued, the total number of IMTOs operating…
Akwa Ibom State government has said that FourPoint Hotel at Ikot Ekpene is 97 per cent completed and is expected to commence operation before the end of this year. The expansive 12-floor edifice whose construction started in…
Nigeria’s furniture export profile has received a boost with the move by Cyrus Doors and Joinery, a leading Nigerian manufacturer and installer of furniture and joinery products, to Alaro City, the new mixed-use city in the Lekki…
Flour Mills of Nigeria PLC says it has invested N65 billion in its new Sugar Mill being developed on a 3000 hectares of land in Suntai, Niger State. It has also spent $200 million upgrading the sugar…
The Nigerian Export Promotion Council (NEPC), has designated the Edo Dry Port, otherwise known as the AMES-Edo Inland Container Dry Port, as an Export Warehouse or Aggregation Centre. The Council said that it would serve as a…
The International Finance Corporation (IFC) has announced that it is considering providing $20 million to Nigerian off-grid power service provider, Daybreak Power Solutions, a subsidiary of Daystar Power Group. The investment is still undergoing regulatory approval by the IFC, according…
Kogi Iron (KFE), together with its wholly owned Nigerian subsidiary KCM Mining, is set to raise up to $10.3 million to advance the company’s Agbaja Iron and Steel Project in the Republic of Nigeria. The Australia-based iron…
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