Investment+ October 2018

The Benin Electricity Distribution Company Plc has signed a Memorandum of Understanding with a United States firm, Rocky Mountain Institute, and Rubitec Nigeria Limited to provide mini-grid electricity for customers. The power firm, in a statement on Friday, described the... Read More →

The Nigerian digital economy appears to be growing from strength to strength despite problem of infrastructure deficit. In fact, it is expected to generate up to $88 billion and three billion jobs for Nigerians before the end of 2021, if... Read More →

The nation is set to add at least 5,000 barrels of oil per day and 300MW to its energy capacity with the entrance of Waltersmith Refining and Petrochemical Company’s 5,000 barrels of oil per day modular refinery situated at the... Read More →

Governor Udom Emmanuel of Akwa Ibom has called on investors to take advantage of the vast economic potential and infrastructure provided by the state government to establish agro-based industries in the state. The state government, he said had expected people... Read More →

Ogilvy, a member of WPP Group, has ac-quired a 24.9 per cent stake in First Primus Group, even as it opens its Nigerian outlet with Seni Adetu as Group Chief Executive. Ogilvy will now become another subsidiary under First Primus... Read More →

Airtel Nigeria has launched its 4G LTE (Long Term Evolution Service) in Onitsha, Awka, Nnewi and other towns in Anambra State. In the same vein, the telco also announced the launch of the service in Delta State, covering major cities... Read More →

Kano state government and Bovine Masters, an Egyptian investment company will soon sign a Memorandum of Understanding for the establishment of a multi-million dollars Halal Meat factory in the state capital. It is expected that the first phase of the... Read More →