NEWS

Nigeria’s petroleum regulator has shortlisted 139 companies for the next stage of the country’s gas flaring commercialisation programme, its chief executive said in a statement, part of plans to reduce carbon emissions. In September, Nigeria’s minister of…

The investors of the first Nigerian power company to list on the Nigerian Exchange Limited, Geregu Power Plc, have recorded a gain of N122.5bn to wrap up the 2022 trading year. The power firm’s share price also…

Releaf has raised $3.3 million in a pre-Series A round from Samurai Incubate Africa, Consonance Investment Managers, Stephen Pagliuca, and Jeff Ubben. The startup builds technology that ensures FMCGs have access to high-quality ingredients for their factories…

Nigeria is to join the league of vaccine-producing nations, as May & Baker has announced plans to open a vaccine production facility in the second quarter of 2023. The Federal Government had in 2020 signed a Memorandum…

The eha Impact Ventures, one of the country’s fast-developing startups, has announced its collaboration with Stanbic IBTC to de-risk a $300,000 loan to EHA Clinics, a world-class primary healthcare provider in Nigeria. Stanbic IBTC’s loan will fund…

The stock market continued its 2022 end of year upward trend into the New Year (2023) with investors recording N188 billion gains at the opening session yesterday. Stock or equity market researchers had predicted that the bulls…

The Debt Management Office (DMO) has announced an offering for two federal government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. The offer, which marks DMO’s first issuance for 2023, will be opened on…

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, has announced the N19.997 billion series III offer under its Stanbic IBTC Infrastructure Fund N100 billion Programme. The offer opened on Friday, 25 November 2022 and is…

Nigeria property technology company, VENCO has secured $670,000 in an oversubscribed pre-seed funding round. The company stated that the fund will be deployed to scale its all-in-one technology platform that manages collections, service charge administration, utilities, and…

The Central Bank of Nigeria (CBN), in collaboration with the Free Trade Zone Authority (FTZA), has commenced moves to establish offshore banking in the zones in Nigeria so as to encourage investors to repatriate their returns from…