January 2022

The Nigerian Postal Service (NIPOST), Thursday, added financial inclusion as part of its services to Nigerians, introducing its own e-debit card, agency banking platform and 27 new logistics vehicles for courier services. While unveiling the products, the Minister…

Today, Vesti Technologies Inc announced it raised five hundred thousand dollars ($500,000) as part of a pre-seed funding round to improve its product platform, increase its users base and solidify its market penetration into the African market….

Esusu, a fintech targeting immigrant and minority groups and providing rent reporting and data solutions for credit building, has raised $130 million in a Series B fundraising round. The Series B fundraising round gives the four-year-old Esusu…

The Nigerian FinTech ecosystem maintained its growth trajectory within the African continent with three more unicorns – Flutterwave, OPay and Andela – joining Interswitch and Jumia as five out of the seven unicorns on the continent. According…

Nigerian Investment Promotion Commission has presented a commendation letter to the BUA group during the launch of a three million metric tonnes per annum cement plant in Sokoto. The letter which was presented by NIPC’s Director, Policy…

The federal government says it will begin the conversion of petrol-powered vehicles to autogas from March. Timipre Sylva, minister of state for petroleum resources, disclosed this on Monday in Abuja during a meeting with oil marketers on…

Husk Power Systems, a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years. The renewable energy firm…

The Nigerian National Petroleum Company Ltd has secured a $5bn corporate finance commitment from the African Export Import Bank (AFREXIM Bank), to fund major investments in Nigeria’s Upstream sector. This fund raise is following the legislation passed…

WACOT Rice Nigeria Limited, a subsidiary of Tropical General Investments (TGI) Group, has disclosed that the ongoing expansion of its 120,000-ton rice mill in Argungu, Kebbi State, would be completed in the next 15 months. Chairman of…