Shoprite Holdings Ltd. plans to sell its Nigerian division to a local property group, according to a person familiar with the matter, as Africa’s largest food retailer pulls back from the continent’s most populous country. Regulatory approval for…

Nigerian ed-tech startup ScholarX has partnered mobile operator Airtel to launch LearnAM, a new mobile learning platform that provides skills training content to improve learning outcomes. Launched in Nigeria in July 2016, the ScholarX app allows users to select…

The head office complex of the multi-billion naira industrial park, Lion Business Park, Enugu, was commissioned Tuesday by Governor Ifeanyi Ugwuanyi who charged investors and industrialists across the South East region and the nation at large to…

Ericsson, a multinational telecommunications company, has announced plans to create an automation hub in Nigeria. This the company said is aimed to support operators for improved consumer experience. Lucky La Riccia, Vice President and Head of Digital…

Chi Farms Ltd., a leading agribusiness company in Nigeria and a member of TGI Group, is planning to expand its catfish capacity to 600MT per month. This expansion is in line with their aim to satisfy the…

The CBN has started the registration of “Other Financial Institutions’’ (OFIs) on its Credit Risk Management System (CRIMS) to improve credit risk management. “Other Financial Institutions’’ are Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Primary Mortgage Banks…

The Minister of State for Power, Goddy Jedy-Agba, has said the federal government is building two power plants in the Calabar and Kano Export Processing Zones, in its determination to provide 24-hour electricity supply. Jedy-Agba, who spoke…

To reverse the significant slide in capital importation to Nigeria since the outbreak of coronavirus pandemic, Federal and State governments must work together to promote investments in the country’s economy, the Chairman of the Nigerian Governors Forum…

In line with the federal government’s Backward Integration Programme on self-sufficiency in sugar, BUA Group said it has invested over $300million in its Lafiagi Sugar Company (LASUCO). Speaking yesterday during a facility tour of the company in…

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State on the production of biofuels. Describing the project as viable and in tandem with the global transition to…