The Nigerian Content Development and Monitoring Board (NCDMB) said it has grown Nigerian content in the oil and gas sector to 42 per cent. Executive secretary of NCDMB, Mr Simbi Wabote, gave the update on Wednesday, while…
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Guinness Nigerian Plc, the Nigerian subsidiary of British multinational beverage and alcoholic firm, on Thursday, formally opened its new £6.2 million ultra-modern headquarters located at Cocoa Industries Road, Ogba, Lagos. This is coming several weeks after the…
Oneport 365, a digital freight forwarding startup that makes it easier to transport cargo to, from, and within Africa, has raised USD 5 Mn in seed funding to enable its expansion into new markets across the continent…
The African Development Bank (AfDB) will support Nigeria to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country. Dr. Akinwumi Adesina, President of the Bank and a former Minister of…
Nigeria’s largest brewing company, Nigerian Breweries (NB) Plc, has announced an additional investment of €112m to expand the largest of its 9 breweries in the country, Ama brewery in Enugu State. Speaking at the civil works commissioning…
One of the leading financial institutions in Nigeria, Access Bank Plc, has sold green bonds worth $50 million to investors interested in funding sustainable projects across the world. The transaction was confirmed by the parent company of…
The Edo State Governor, Mr. Godwin Obaseki has said the state is blessed with arable land, a good transit network and a talented youth population, which positions it as one of the best states for investment by…
Fintech startup, Afriex has closed a $10 million Series A round to expand its blockchain money transfer platform. The company, which is valued at $60 million runs a money transfer system that utilises blockchain to enable users…
Trade volume between Indonesia and Nigeria rose to $2.46 billion in 2021, as the southeast Asian country seeks closer economic ties with Nigeria. This was disclosed by Amb. Usra Harahap, Ambassador of Indonesia to Nigeria, during a…
A new commercial bank, Premium Trust Bank, with recent licence of operation from Central Bank of Nigeria (CBN), is set to open 22 branches across the country before the end of 2022. This as the management of…
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