Category: Business

UK finance institution commits $50m to Nigerian businesses

British International Investment, the United Kingdom’s development finance institution and impact investor, has recently announced...

Nigeria’s firm Sundry Markets among Africa’s fastest-growing for 2024

Nigerian retail firm, Sundry Markets Limited, has been named one of Africa’s top 50 fastest-growing...

$27.2bn Escravos seaport project gets Delta govt revalidation

Mercury Maritime Concession Company, the principal proponent of the $27.29 billion Escravos Deep Seaport Industrial...

Stakeholders worry over imposed NMDPRA $2,000 registration fee

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has placed a $2,000 registration fee on...

Sterling Bank, SMEDAN partner to launch data platform

Sterling Bank and the Small and Medium Enterprises Development Agency of Nigeria have developed Databanc,...

AfDB to equal Italy’s $150m concessional loans across Africa

The African Development Bank has said that it will match the $150m in concessional loans...

TotalEnergies shareholders authorise N8.49bn dividend

TotalEnergies Marketing Nigeria Plc’s shareholders have authorized a dividend of N8.49 billion for the fiscal...

Dangote borrowed $5.5bn from banks to build refinery

Africa’s richest man, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank...

Access Bank acquires African Banking Corporation of Tanzania

Alex Omenye Access Bank has acquired African Banking Corporation of Tanzania Limited in a significant...

‘Funmilayo Ransom Kuti’ biopic rakes in N100mn in first week

The biopic ‘Funmilayo Ransom Kuti,’ produced by Bolanle Austen-Peters, has achieved a significant milestone, surpassing...

Johnvents industries receives $23m to expand cocoa processing facility

The agribusiness enterprise Johnvents Industries Limited has received a $23.3 million finance package offer from...

African business leaders hit Lagos for energy transition talks

Leaders of various business organisations will gather in Lagos on Wednesday to speak on energy...