AfDB approves $15million equity investment in Nigeria, others
The African Development Bank (AfDB) says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in high growth…
Nigerian Stock Exchange market capitalisation dips by N19billion
Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday reversed to the negative trend after appreciating for one day as market capitalisation depreciated by N19 billion. The News Agency…
Experts fear $8.1bn refund order will jeopardise listing of MTN shares on NSE
Experts said the request by the Central Bank of Nigeria (CBN) that the MTN Group should refund 8.1 billion dollars illegally repatriated from Nigeria would jeopardise the listing of its…
Ekeh projects Nollywood as next biggest wealth creator in Africa
Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has identified the Nigerian movie industry as the next biggest wealth creator in Africa. He made this declaration at the…
How a whistleblower triggered MTN $8.1 bn probe – FG
The office of Nigeria’s Attorney General said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken…
Ready, jerk, fly..Nigeria Air to get Aircraft Operators Certificate in 90 days
The Nigerian Civil Aviation Authority (NCAA) on Tuesday said it would deliver the Air Transport Licence (ATL) and the Aircraft Operators Certificate (AOC) to the new national carrier, Nigeria Air,…
Total to spend N40m on soap manufacturing plant in Akwa Ibom
Mr Francois Le-Cocq, Deputy Managing Director, Total Exploration and Production, Port Harcourt, says the company is to spend N40 million to build a soap manufacturing plant at Ekpene Ukim in…
Nigeria slams $2bn tax arrears on MTN as shares drop to 12-year low
Nigeria is seeking about $2 billion in back taxes from MTN Group Ltd., another curve ball directed at Africa’s biggest wireless carrier less than a week after it was ordered…
China to fund Ajaokuta-Kaduna-Kano pipeline project – NNPC
The China National Petroleum Corporation (CNPC) has assured Nigeria of its unflinching commitment towards securing funding for the financing and execution of the Ajaokuta-Kaduna-Kano (AKK) pipeline project. The Nigerian National…
CBN to disburse N220 billion to Enterprises Development Fund
The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF)….