The Nigerian Civil Aviation Authority (NCAA) has issued Operational Specifications and Air Operator’s Certificate (AOC) to Elin Group Limited, after the company met all the requirements to commence charter operations. In a brief ceremony held in Lagos…
General Electric Company GE recently announced that it has completed the gas turbine rehabilitation project at Niger Delta Power Holding Company’s (“NDPHC”) three power plants located in Nigeria. Financial terms of the deal were kept under wraps. NDPHC is…
Nigeria’s premier non -interest bank, Jaiz Bank Plc plans to raise new equity funds of about N13 billion through a private placement as the ethical commercial bank seeks to deepen its growing balance sheet. Jaiz Bank plans…
Itanna, the venture capital arm of Honeywell Group, announced its participation in Indicina Technologies’ most recent round of seed funding, investing $150,000 in the fintech start-up. The new financing will accelerate the start-up’s continued expansion within Nigeria,…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has signed a Memorandum of Understanding (MoU) with the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI), followed by an ‘FBCCI Cloud Conference’ between…
Funds to be raised in three tranches over the next four years Company sees increased demand for health services after virus Flying Doctors Healthcare Investment Company plans to set up a $1 billion fund to invest in…
Nigeria’s southeastern Cross River state is setting up a 4-billion naira ($10-million) cocoa-processing plant to start operations in August and target the export market, an official said. Cross River, which accounts for about 30% of Nigeria’s output,…
Access Bank Plc on Monday announced that it had successfully completed the acquisition of the Transnational Bank (Kenya) Plc following receipt of full regulatory approvals and fulfilment of all conditions. The Company Secretary, Sunday Ekwochi, informed the investing…
The Osun State Government had said a new investor had been found for MKO Abiola International Airport, Ido Osun. The State’s Commissioner for Works and Transportation, Remi Owowaiye, disclosed this on Friday during the Ministerial Press Conference…
Nigerian startup TradeDepot, a B2B e-commerce platform for consumer goods in Africa, has raised US$10 million in a pre-Series B equity funding to expand into other African cities and launch a suite of financial products and credit…
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