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Investment+ December 2018

Shell Signs FID on Assa North Gas Project

Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State, a major momentum to the domestic gas aspiration of the federal government for increased power...
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ABB to Diversify Investments in Nigeria

Multinational corporation, ABB has said it would focus more on its investment in Nigeria to create more opportunities for indigenous engineers. ABB Nigeria specialises in electrification products, robotics and motion, industrial automation and power grids. ABB Nigeria’s Country Managing Director,...
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Taxify Expands to Benin

Ride-hailing service, Taxify is expanding its Nigerian operations to its fifth city – Benin, Edo State. This continues Taxify’s recent expansion across Nigeria, following its launch in Lagos, Abuja, Owerri and Ibadan. The ride hailing service had said in June...
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Carlyle Group Invests $40 million in Wakanow.com

Global alternative asset manager, the Carlyle Group (NASDAQ: CG), has announced its investment of $40 million in Wakanow.com Limited (Wakanow). Wakanow is an online travel agency focused on West and East Africa, with major operations in Nigeria. Other equity from...
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NSDC Disburses N3.9bn to Boost Sugar Production

The National Sugar Development Council has approved the disbursement of about N3.9bn out of the National Sugar Development Fund to boost local sugar production. The disbursement is part of efforts aimed at effectively implementing the Nigeria Sugar Master Plan. The...
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AFC Invests $25m Equity in Infracredit

Infrastructure Credit Guarantee Company Limited (InfraCredit) has announced its successful closing of a US$25 million equity investment from Africa Finance Corporation (AFC). In this primary transaction, AFC has become a shareholder in InfraCredit alongside the Nigeria Sovereign Investment Authority (NSIA)....
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