August 2022

Nigeria’s banking-as-a-service fintech startup, Anchor, has raised $1 million in pre-seed funding. The Y Combinator-backed startup plans to use this investment to attract the best talents, improve the company’s tech infrastructure, invest in compliance and regulatory infrastructure,…

The Nigerian government has signed a Memorandum of Understanding (MoU) with Israeli and Japanese companies to commence assembling and manufacturing of electric vehicles in Nigeria. The agreement was signed by the National Agency for Science and Engineering…

The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan, yesterday said the bank has accessed a €100 million (about N42.20 billion) line of credit under the Transforming Financial Systems for Climate (TFSC) programme in collaboration…

Julius Berger Nigeria Plc has announced that the official launch ceremony of its cashew processing plant would be held on September 10, 2022. This is contained in a disclosure signed by C. E. Madueke, the Company Secretary…

Fintech startup, Grey, has raised $2 million in seed funding to expand its services into new African markets. The 1-year-old company says the funding would also allow it to extend its product suite to both remittances and…

Nigerian retail-tech startup Omnibiz has secured a US$15 million pre-Series A round of funding to accelerate retailer growth and retention, and boost its revenues four-fold. Founded in June 2019 by Deepankar Rustagi, Omnibiz allows retailers to place orders…

Indian Minister of State for External Affairs, Shri Vellamvelly Muraleedharan, has said a total sum of $20 billion Indian investments are domiciled in Nigeria.  Muraleedharan who spoke during the inaugural session of the Nigeria-India Business Council  (NIBC)…

The Lagos State Government has moved to reduce vulnerability to food shortages and guarantee uninterrupted food supplies as it has flagged off the construction of what will be the largest Food Security Systems and Central Logistics Park…

Nigeria and India on Monday in Abuja established the Nigeria-India Business Council (NIBC) to expand trade and investment between both countries. The council is aimed at furthering efforts at reaching an anticipated 40 billion dollars worth of…

Nigeria, through its Nigerian National Petroleum Company (NNPC), has made a step towards unlocking over $500 billion in revenue from its oil resources. Only a month after the NNPC transited to a limited liability company, it has…