Investment News

In order to improve the ease of doing business and increase productivity, stakeholders in the investment sector, including officials of the Bank of Industry (BoI), recently toured facilities set up by the Governor Godwin Obaseki-led administration for…

The Executive Director of the Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo, says the organisation will partner with Africa’s retail giant, Shoprite, to boost export of Nigerian products across the world. Awolowo, who stated this in…

The Nigeria Sovereign Investment Authority has grown its assets under management to $1.9bn (N617.69bn). The Managing Director and Chief Executive Officer, NSIA, Mr Uche Orji, said that as of the end of 2018, the NSIA had assets…

A Nigerian utility firm, Arnergy, on Monday said it has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures and Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and Shells’…

The Governor of Central Bank, Godwin Emefiele, is presenting the Monetary Policy roadmap for his 2019-2024 new term in office. The presentation is taking place at the CBN Headquarters in Abuja. See Also: Five Things CBN Hopes To…

FinnFund, a Finnish development finance company, and Norfund, a Norwegian government private equity firm, have recently invested $5 million in Starsight Power Utility, a Nigerian company that installs hybrid off-grid systems for factories and commercial operations. The…

UK-based Azuri Technologies has raised $26 million to expand its individual solar kit business to cater to African households, mainly through company shareholders. Marubeni Corporation – a well-known Japanese conglomerate which invests in renewable energy projects across…

National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Hajia Saratu Iya Aliyu, and her counterpart from the Mauritius Chambers Of Commerce, Mr. V. Marday, yesterday signed a Memorandum of Understanding (MoU) at…

The Nigeria Governors’ Forum (NGF) has pledged to collaborate with the Nigerian Investment Promotion Commission (NIPC) to strengthen investors’ engagements and to promote strategic insights into States’ competitiveness advantages, following a presentation by the Executive Secretary of…

Ede cocoa plant now produces chocolate and cocoa drinks thereby creating numerous jobs in Osun State. The factory is now processing all Osun cocoa production estimated at over 70,000 tonnes. The Processing Plant has no debt burden…