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Chinese, Nigerian energy firms sign $1bn gas flaring deal
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Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology corporation Ltd., a Chinese enterprise, to finance and promote gas flaring solutions in Nigeria. According to the News Agency of Nigeria, President Bola Tinubu issued a national directive that led to the signing of this agreement on […]

Manufacturers warn price hikes to persist without solutions
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2024 may not be positive, Nigerian manufacturers reveal

The Manufacturers Association of Nigeria, has stated that 2024 may not be a good year for the Nigerian manufacturing industry, at least not in the first half of the year. According to Arise News, the declaration was contained in MAN’s “Manufacturing Sector Outlook for 2024,” which was released on Tuesday by MAN’s Director General, Mr. […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
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Nigerian Stock Exchange begins 2024 on positive note

The Nigerian Stock Exchange started on a positive note as the All-Share Index broke beyond the 75,000 barrier. The closing value of the All-Share Index was 75,990.88 points, an increase of 1,217.11 points or 1.63%. The market capitalization closed at N41.583 trillion on the first trading day of the year, with equities up N663 billion. […]

Nigerian startups owe $415m 10-year debt – Report
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Nigerian startups owe $415m 10-year debt – Report

Briter Bridges, a research and market intelligence company which focuses on developing nations, has stated that approximately $415 million has been borrowed by Nigerian digital entrepreneurs over the past ten years. According to the report “Debt Financing in Africa’s Innovative Ecosystem,” between 2014 and 2023, African startups as a whole borrowed a total of $2.1 […]

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