July 2022

Coleman Technical Industries Limited (CTIL) manufacturers of wires and cables yesterday commissioned a localized fibre optic cable factory in Ogun state, which is first in West Africa. The multi-billion factory is the 5th plant in the African…

Skymark Partners Limited, a proprietary investment company focused on investing and creating wealth in critical growth sectors of the Nigerian economy, has successfully issued Series 2, 3 and 4 Commercial Papers under its established N5bn Commercial Paper…

Guinness Nigeria Plc has announced plans to expand its factory in Benin City, Edo State as part of efforts to deepen investment and boost job creation in the Heart Beat of Nigeria. At a presentation on Tuesday,…

Nigerian fintech startup Swipe has raised US$500,000 in pre-seed funding this year as it looks to expand access to its various credit services. Founded in 2020, Swipe is a credit-focused tech company powering businesses in Africa by…

London-based and Oslo-listed oil and gas company Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor. Back in October 2019, the two oil…

Geregu Power Plc is raising about N40 billion from the capital market to support its ongoing expansion project. Geregu Power generates about 10 per cent of Nigeria’s power supply. Geregu Power, a power generation company (Genco) owned…

In a deliberate move towards upscaling export thresholds and limiting carbon emissions, the Nigerian Liquified Natural Gas, NLNG Limited is working on plant expansion plan which will lead to establishment of Train 8. Managing Director of the…

ADM Energy PLC (AIM:ADME) saw its shares nearly double after a deal involving a block in Nigeria where it holds a stake. PetroNor E&P Limited is buying an economic interest of 12.19% in OML 113, which contains the…

ColdHubs is a Nigerian company that operates solar-powered cold rooms, providing a pay-as-you-store service for fresh produce to smallholder farmers and market merchants. Since 2017, the company has shown substantial growth, more than doubling the number of…

The Nigerian telecom market has reportedly seen growth in recent years and more growth is expected due to the rising population and connectivity adoption. TORONTO — Clear Blue Technologies International Inc., the Smart Off-Grid Company™, announces a…