The Federal Executive Council (FEC) has approved the sum of N3.4 billion to provide infrastructure in one of its special economic zones in the country. The Minister of Industry, Trade and Investment, Niyi Adebayo, disclosed this yesterday…
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Shareholders of Neimeth International Pharmaceuticals Plc have approved the plan of the Board to raise the sum of N5 billion through a hybrid offer of Rights to existing shareholders and private placement. The money, it said, will…
MainOne in collaboration with Tolaram Group has launched a multimillion-dollar connectivity project at the Lagos Free Zone. The project is aimed at boosting internet connectivity in the Lagos Free Zone, enabling businesses and individuals to power their…
The National Agency for Food and Drug Administration and Control (NAFDAC) said the World Health Organisation (WHO) had formally certified it as Maturity Level Three Regulatory agency. With this status, NAFDAC can now regulate and help to…
The Federal Government on Wednesday said it had identified 300 markets, shopping plazas/complexes and industrial clusters across the country for electrification under its Energising Economies Initiative. It disclosed this through the Rural Electrification Agency at a roundtable…
ENGIE Energy Access Nigeria has announced a new plan to connect about 2,700 un-electrified health centres in Nigerian communities. The project will stabilized electricity supply using renewable energy for four years, from August this year. Managing Director,…
Nigeria Air Limited, the country’s proposed national carrier, says it has applied to the Nigerian Civil Aviation Authority (NCAA) for a licence to operate scheduled and non-scheduled passenger and cargo services. The company said this in a…
The Federal Ministry of Industry, Trade and Investment on Monday unveiled the first ever Nigeria Investment Policy (NinP) draft to stakeholders from Northern Nigeria in Kano. The engagement is part of the ministry’s strategy to bring together…
Digital payment firm MFS Africa announced last March 28, the finalization of the process aimed at acquiring Baxi, an electronic payment network focused on small and medium-sized enterprises (SMEs) in Nigeria. The transaction was approved by the…
Kenyan fintech startup, Churpy, has raised $1 million in seed funding to expand across Africa by setting up hubs in Nigeria, Egypt, and South Africa. The seed round was led by Unicorn Growth Capital and also saw…
