Google for Startups (GfS) on Tuesday announced 10 Nigerian Startups and 15 other African-based startups selected for the 2023 $4million Black Founders Fund (BFF). Head of Startups Ecosystem, Africa at Google, Folarin Aiyegbusi, said in a statement that each selected startup would receive up to $150,000 in non-dilutive cash...
BUSINESS
Aliko Dangote, Chairman and Chief Executive Officer of Dangote Group has won the Afreximbank Founder of the Year Award at the Pan-African Business and Development Awards. A statement issued by Brandcomms Agency in Abuja on Tuesday said the inaugural award ceremony was held in Accra, Ghana at the 30th...
The Nigeria Export Processing Zones Authority (NEPZA) has attracted 346.6 million dollars Foreign Direct Investments (FDI) from 2020 to first quarter of 2023 through the free trade zones scheme. The Managing-Director of NEPZA, Prof. Adesoji Adesugba, said this at a briefing with Commerce and Industry Correspondent Association of Nigeria...
President Bola Tinubu has called for stronger cooperation with the United States, as Nigeria and the rest of the world move toward renewable and other sources of clean energy. He spoke during a meeting with United States Assistant Secretary of State, Bureau of Energy Resources, Amb. Geoffrey Praytt, at...
The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging N770.38 to the dollar. The local currency showed a 16.19 per cent decrease when compared with N663.04 it exchanged to the dollar at the close of business on June 16. The open indicative rate...
By OLA MUDOPE, Lagos – 9mobile, a telecommunication network, says it has rolled out a special hajj roaming offer for Nigerian pilgrims. 9mobile in a statement on Monday in Lagos, said the offer would enable the pilgrims to enjoy discounted charges on voice calls, SMS and data in...
Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (“Afreximbank) says the COVID-19 pandemic and Ukraine crisis exposed the vulnerability of Africa in many ways.afre According to him, these events dramatise Africa’s over-dependence on others for our basic needs of food and healthcare....
Airtel Nigeria on Monday inaugurated the Fifth Generation Network (5G) in Lagos, Rivers, Ogun and the Federal Capital Territory, Abuja. The Chief Commercial Officer, Airtel Nigeria, Mr Femi Oshinlaja, said this during the inauguration of the 5G Network in Lagos. According to him, unlike the 3G and 4G networks,...
By DAVID IORJA, Abuja – President Bola Tinubu has assured prospective investors in Nigeria that his administration will provide a better business climate for them to thrive. President Tinubu made the commitment on Monday during an audience with the Founder and Global Chairman of BHARTI AIRTEL, Mr. Sunil Bharti...
ExxonMobil has announced Mr Shane Harris as new Chairman and Managing Director in the country. Mr Ogechukwu Udeagha, the Manager, Media and Communications of ExxonMobil, announce this in a statement made available to newsmen in Eket on Monday. He said that Harris was to assume role as lead country...
The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure. AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana on Sunday, a statement released by BrandComms Agency said. “AfexInsure was set up with a commitment to provide a...
Following the Central Bank of Nigeria (CBN) new guidelines in the Foreign Exchange (FX) market recently released, the apex bank has announced further policy changes. According to the Director, Corporate Communications, Dr Isa AbdulMumin, these policy changes aims to promote transparency, liquidity and price discovery in the FX market....
Some financial experts have urged the Federal Government to export more gas and agricultural produce as measures to enhance the contry’s external reserves.p They spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos. Prof. Sherifdeen Tella, Head, Economic Department, Olabisi Onabanjo University (OOU),...
By JOY ADARA, Abuja – The Federal Government of Nigeria has congratulated the Organisation of the Petroleum Exporting Countries (OPEC) at 63. The Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Aduda in a statement on Saturday, said OPEC had made significant strides in energy governance and the transformative...
The Nigerian Army has reacted to allegations by ex-Niger Delta militant leader, Asari Dokubo, that some cabals in the military are involved in oil theft in the region. Dokubo made the claims when he visited President Bola Tinubu in Abuja on Friday. The Director, Army Public Relations, Brig.-Gen. Onyema...
Engr. Ahmad Salihijo Ahmad, Managing Director/Chief Executive Officer of Rural Electrification Agency (REA), on Friday, said the Federal Government is providing solar energy alternatives to Nigerians in a bid to cushion the effect of subsidy removal on businesses and households. Ahmad who was speaking after the inspection of REA’s...
The Nigeria-Morocco Gas Pipeline Project has advanced with the signing of four Memoranda of Understanding (MoU) to ensure progress and strategic direction of the 25 billion dollars Trans-Atlantic gas pipeline project. The News Agency of Nigeria (NAN) reports that the four MoUs were signed on Friday in Abuja at...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 22.41 per cent in May 2023. This is according to the NBS Consumer Price Index (CPI) and Inflation Report for May 2023 released in Abuja on Thursday. According to the report, the figure is 0.19 per...
By JOHN ONAH, Abuja – Innovative products developed under the Tertiary Education Trust Fund (TETFund) Alliance for Innovative Research (TETFAIR) programme have started getting global attention as the “Chord Hearing Device” developed by a team under the TETFAIR initiative recently got opportunity for exhibition at the prestigious Sheba ARC...
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial...