Lagos Free Zone Company (LFZC), has announced the successful issuance of a N25 billion 20-Year Series II Senior Guaranteed Fixed Rate Corporate Infrastructure Bonds Due 2042 (LFZ Bonds) under a N50 billion Debt Issuance Programme. The Chief…
Abuja, May 31 – Following a partnership with Horasis Nigeria, and in line with her mandate to encourage, promote and coordinate investment in Nigeria, Nigerian Investment Promotion Commission (NIPC) will host the Presidential Innovation Investment Forum, the…
Nigerian Investment Promotion Commission (NIPC) reports that US$2.58 billion was tracked as investment announcements for the first quarter of 2022. This is 69% less than the value tracked in the same period of 2020 (US$8.41 billion). The…
The Ondo State Governor, Mr. Rotimi Akeredolu, has commended the JB Farms’ for investing in 10,000 hectares oil palm plantation in Ondo State. Akeredolu said that the investment would support the state’s plan and determination to improve…
As part of efforts to dominate the air space, the Akwa Ibom State Government has disclosed of plan to add 10 new aircraft to the fleet of the state-owned Ibom Airlines Limited. The State Governor, Mr. Udom…
ValueJet has received the first two purchased aircraft, as the Airline prepares for demo flights as required by the Nigerian Civil Aviation Authority (NCAA). The Airline is currently preparing its fleet for mandatory regulatory exercises as the…
New factories built by BUA Cement and African Glass Limited as well as five new paper mills that recycles wastepaper into carton drove up manufacturing output in Nigeria in the second half of last year, industry data…
The Nigerian Communications Commission (NCC) has approved the establishment of a new Internet Service Provider (ISP) owned by billionaire Elon Musk. The satellite company plans to enter the Nigerian market in the middle of 2022. According to…
Nigerians with access to fast Internet have grown by 108.39 per cent in four years, according to data from the Nigerian Communications Commission. The commission’s portal revealed that broadband penetration increased from 38.72 million (20.28 per cent)…
Nigerian-based startup, Betastore has closed a $2.5 million in pre-series A funding to facilitate its expansion to Ghana, the Democratic Republic of Congo, and Cameroon by the end of this year. The company secured the fund from…
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