2022

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, has announced the N19.997 billion series III offer under its Stanbic IBTC Infrastructure Fund N100 billion Programme. The offer opened on Friday, 25 November 2022 and is…

Nigeria property technology company, VENCO has secured $670,000 in an oversubscribed pre-seed funding round. The company stated that the fund will be deployed to scale its all-in-one technology platform that manages collections, service charge administration, utilities, and…

The Central Bank of Nigeria (CBN), in collaboration with the Free Trade Zone Authority (FTZA), has commenced moves to establish offshore banking in the zones in Nigeria so as to encourage investors to repatriate their returns from…

FedEx Express has established a direct commercial presence in Nigeria, to meet the country’s growing demand for international shipping. FedEx has been facilitating trade in Nigeria since 1994, offering its international solutions through Red Star Express, which…

The International Finance Corporation (IFC), has approved a credit facility totalling US$35 million in partnership with FSDH, Nigeria’s foremost Merchant Banking Group, to be used to improve access to finance for medium-scale businesses in the emerging sectors…

The National Automotive Design and Development Council (NADDC) will soon unveil ambulance vehicles designed by the council for health and emergency services in difficult terrains such as rural areas. The vehicles will be equipped with telemedicine and…

The number of active telecommunication subscribers hit 214.35 million in October, according to new industry statistics from the Nigerian Communications Commission. This is the highest number of recorded telecom subscribers in the nation since the total number…

Cross River state government has concluded arrangements to establish commodity depot and control centre to promote local content. The bill to give legal backing to the depot is before the State House of Assembly and is sponsored…

The acquisition of an indirect equity position in Sigma Pension by Access Holdings Plc (doing business as Access Corporation) is now complete. According to a corporate filing obtained by Nairametrics, Access Holdings has integrated its FGPL with…

Geregu Power Plc has notified the Nigerian Exchange Limited and the investing public of its discussions with the Fund for Export Development in Africa (FEDA) for the acquisition of a portion of Geregu Power Plc shares. FEDA…