FG invests $50m in impact investment fund
The Federal Government has reaffirmed its dedication to sustainable economic growth with a $50 million investment in the Nigeria Wholesale Impact Investment…
Business
Rising diesel costs strain Nigeria’s telecom sector – Report
Nigeria’s telecom industry is facing escalating operational costs, largely due to its heavy dependence on diesel-powered generators to keep networks running amid…
Fitch’s negative rating based on ‘erroneous view’ – Afreximbank
The African Export-Import Bank has challenged a recent decision by Fitch Ratings to downgrade its credit rating and place it on a…
US embassies resume student visa processing for Harvard students
The United States Government has instructed its embassies and consulates worldwide to restart processing student and exchange visitor visas for individuals planning…
Disney completes Hulu buyout, to pay Comcast $438.7m
Disney has agreed to pay Comcast an additional $438.7 million for its 33% stake in Hulu, concluding a multi-year appraisal process. Disney…
W’Bank loan at risk as FG fails audit revenue reform
The Federal Government risks losing $4 million from a World Bank loan after failing to meet auditing standards tied to a major…
Mauritius firm to acquire 26% stake in Nigerian recycler Hinckley
uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a 26% stake in Hinckley Ewaste Recycling Limited, one…
Power supply key to Nigeria’s tech sector success – NACC
The Acting Director-General of the Nigerian-American Chamber of Commerce, Ms. Wofai Samuel, has emphasized that Nigeria’s technology sector cannot flourish without a…
UK regulator partner Nvidia to allow banks experiment with AI
Britain’s financial regulator, the Financial Conduct Authority, announced on Monday a new collaboration with U.S. chipmaker Nvidia to help banks safely explore…
Nigeria partners Australia to promote research, capacity building in mining
The Ministry of Solid Minerals Development has launched a capacity-building programme for Nigerian mining professionals at Murdoch University in Australia. The two-week…
Afreximbank unveils plan to revolutionise healthcare across Africa
The African Export-Import Bank has unveiled an ambitious plan to transform healthcare delivery across Africa by establishing cutting-edge medical facilities throughout the…
UK store plans rescue strategy to avoid closure, job losses
River Island’s founding family is preparing a major rescue plan that could lead to widespread store closures and job losses. It was…