November 2022

The Nigeria National Petroleum Company Ltd and NIPCO Gas Limited have penned their signature on a gas infrastructure agreement with the Lekki Free Trade Zone Development Company. According to the companies, the agreement would strengthen gas supply…

Nigeria’s Bureau of Public Enterprises (BPE) has prequalified three firms each and issued them the request for proposal (RFP) for the concession of the Calabar and Kano free trade zones (FTZs). The three companies for the two…

President Muhammadu Buhari on Wednesday officially unveiled the newly redesigned naira denominations of ₦‎1000, ₦‎500 and ₦‎200 introduced by the Central Bank of Nigeria (CBN). The newly redesigned naira launch preceded the weekly Federal Executive Council (FEC)…

Nigeria has approved plans to build a $3bn hydropower scheme in the southeast state of Benue, the Reuters news agency reports. Government spokesperson Laolu Akande said yesterday that the National Council on Privatisation had approved the scheme,…

Purple Real Estate Income Plc has announced a N10 billion equity offer representing an initial public offer (IPO) of 2 billion ordinary shares at N5 per share. In a statement, the company said the offer which is…

Launched in January 2020 by Chioma Okotcha, Uche Nnadi and Zach Bijesse, Payhippo provides loans to small businesses in Africa, often neglected by banks because of their lack of credit histories, in under three hours. A Y…

Yabx, a FinTech venture headquartered at the Netherlands, has announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings. According to a World Bank Report, the private…

Attijariwafa Bank, Morocco’s largest banking group by market capitalization, announced its signing of a partnership agreement with Nigeria’s Union Bank aiming to strengthen their market footprint in Africa. The singing of the Memorandum of Understanding (MoU) took…

Vice President Yemi Osinbajo is to chair this year’s Nigeria Diaspora Investment Summit (NDIS), the fifth in the series, scheduled for November 15 to 17, 2022 from 9 am to 6 pm daily at the State Conference…