The Abuja Investment Company Limited (AICL), on Tuesday, promised to open up more infrastructural projects in the FCT. This was coming when an Italian investment firm, DGM, had promised to help the company secure €350m euros grant…
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Nigeria has raised more than $482 million from the issuance of oil prospecting licenses after it offered 57 fields for bidding, the petroleum regulator said on Tuesday. The Nigerian Upstream Petroleum Regulatory Commission said over 70 percent…
The Lagos State Governor, Babajide Sanwo-Olu, said on Tuesday the government would soon unveil a 30-year development plan for the state. The governor stated this during an interactive session with the Lagos Chambers of Commerce and Industry…
FirstCheck Africa, a Nigeria-based female-focused venture capital firm, has secured a $2 million commitment from TLcom Capital, an Africa-focused Venture capital firm, the company has announced. In addition, FirstCheck also announced that Eloho Omame, one of its…
British International Investment (BII), the UK government’s development finance institution, has made a $20 million, four-year structured credit investment in Moove – a mobility fintech democratising access to vehicle ownership in Africa. The investment is said to…
The European Union (EU) is looking into strengthening its trade relations with Nigeria through exploring further partnership opportunities to ramp up the €28bn (N12.2trn) trade volume with Nigeria. Out of the €28bn, €26bn (N11.5trn) is in favour…
H.E. Chief Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, has announced the country’s plans to scale up gas investment and development through a number of initiatives in 2022 and beyond. On the back of the…
Barely six months after the launch of its multimillion-dollar factory in Ondo State, Johnvents Industries Limited, has announced that it has processed about 5,000 metric tonnes of cocoa for export, aimed at boosting Nigeria’s foreign exchange earnings….
The Kaduna Inland Dry Port (KIDP) is set to commence operation as Nigeria’s first Domestic Export Warehouse (DEW) to promote the export of made-in-Nigeria goods and agricultural produce. Rotimi Raimi -Hassan, the Port General Manager, has disclosed…
The Assa North Gas development project currently under construction in Imo State, has received a major boost with the delivery of the high pressure fuel gas treatment skid to Shell Petroleum Development Company (SPDC) by Nivafer Engineering…
