Bank of Industry (BOI) has disclosed that its investments in power and rural infrastructure electrified more than 100 rural communities, connected 11,777 new customers to electricity and created 1.68m Jobs in 2025, underscoring its role in expanding energy access across Nigeria. The bank made this known in its 2025...
investment
Wema Bank has secured a €50 million, about N78.5 billion, financing facility from the European Investment Bank’s development arm, EIB Global, to expand credit access for small and medium-sized enterprises in Nigeria. The agreement marks the first transaction between EIB Global and Wema Bank. At least 50 per cent...
Benue State Government has commenced efforts to revive the long-abandoned Taraku Mills Limited, a multi-million-dollar agro-processing facility in Gwer East Local Government Area, as part of plans to boost industrial activities and agricultural value addition in the state. Managing Director of the Benue Investment and Property Company (BIPC), Dr...
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has donated ₦25 million to Shanahan University in Onitsha, Anambra State, as part of his continued support for education and human capital development. Obi disclosed this in a post shared on his X handle on Sunday following a visit to the...
Vice President, Senator Kashim Shettima, has said Nigeria’s next phase of economic expansion will depend largely on the ability of states to properly document their assets, attract investment, grow tourism and convert local potential into jobs and shared prosperity. Accordingly, he charged state governments to move from documentation to...
Chairman of the Borno State Investment Promotion Agency (Borno-Invest) and Chief Investment Adviser to Governor Babagana Umara Zulum, Dr. Sa’id Alkali Kori, has called on residents, entrepreneurs and investors to take advantage of the state’s vast economic opportunities, describing Borno as one of Nigeria’s emerging investment destinations. Kori made...
Justice Babagana Karumi of the Borno State High Court sitting in Maiduguri has ordered the interim forfeiture of a four bedroom flat standing on 50ft x 100ft plot of land. The judge issued the order following a motion exparte filed by the Maiduguri Zonal Directorate of the Economic and...
Investors in the Nigerian equities market gained N905 billion at the close of trading on Monday, starting the week on a bullish note. The rally was driven by gains in Airtel Africa, Tantalizers, and Sovereign Insurance, among other stocks. The benchmark All-Share Index rose to 251,125.02 points from 249,712.37...
Benue Investment and Property Company Limited (BIPC) says its monthly performance reviews focus on measuring direct impact on citizens as the company expands into agribusiness, local manufacturing, and sustainable housing. Group Managing Director and CEO, Dr. Raymond Asemakaha, CFA, said the reviews go beyond financial figures to track how...
First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
The Independent Media and Policy Initiative (IMPI) has defended President Bola Tinubu’s debt-for-infrastructure policy, insisting that strategic borrowing remains critical to addressing Nigeria’s huge infrastructure deficit and stimulating long-term economic growth. In a policy statement issued by its Chairman, Dr. Omoniyi Akinsiju, the group argued that criticisms against the...
President of Dangote Industries Limited, Aliko Dangote, received a warm welcome in Gode, Ethiopia, where he was hosted by Prime Minister Dr. Abiy Ahmed. Both leaders visited the site of the proposed fertiliser plant to assess ongoing construction. Ethiopia had signed a shareholders’ agreement with Dangote Group in August...
Africa’s energy journey is often portrayed as a stark choice between climate responsibility and development. In reality, the continent faces a more nuanced challenge: finding a fair, gradual energy transition that matches its unique needs and ambitions. Technology and innovation can drive this change, helping secure affordable and sustainable...
President Bola Tinubu’s economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals pledged a $600 million investment in Nigeria’s maritime sector. Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals,...
Vice President, Kashim Shettima, has said the reforms of the administration of President Bola Tinubu in the mining sector is beginning to manifest, with over $2.6 billion in Foreign Direct Investment attracted to the sector in the last 30 months alone. He explained that through the de-risking of the...
Federal Government has reaffirmed its commitment to transforming Nigeria’s education sector by strengthening collaboration with the United Kingdom to expand access to world-class education, enhance skills development, and attract international investment. This was highlighted during a visit by a delegation from the UK Department for Business and Trade to...
Former presidential candidate, Peter Obi, has called on Nigerian leaders to prioritise education as a critical driver of national growth, warning that continued neglect could push the country further behind its global peers. Obi made the remarks on Tuesday while delivering a lecture at Coal City University in Enugu,...
President Bola Ahmed Tinubu on Saturday said his administration’s infrastructure development and economic reforms across sectors are for the benefit, well-being, and prosperity of citizens. He gave the assurance in Iperu, Ogun State, during the inauguration of the Gateway Cargo International Airport, built by the administration of Governor Dapo Abiodun....
Economic and Financial Crimes Commission (EFCC) has presented the Eleventh Prosecution Witness, PW11, against Jesam Michael Ubi and his Afriq Arbitrage System, AAS, before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja. Ubi and his company are being prosecuted by the Commission on a seven-count charge, bordering...