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All posts tagged "Nigeria"

  • Nigeria’s secures $1.2 million investment fund from international investors, Nigeria’s largest hotel booking website, has secured an investment of $1.2 million from international investors EchoVC Pan-Africa Fund, a seed-stage technology fund, and Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar. The funding round...

    • Posted May 26, 2015
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  • Dansa to establish £36m energy food plant

    The  Dansa Group, a subsidiary of Dangote Group of the Companies, on Monday  said it  had concluded plans to invest £36m in the establishment of Africa’s largest  energy food plant in Nigeria. The Minister of Agriculture, Dr....

    • Posted September 25, 2013
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  • SON boss decries Nigerians’ taste for sub-standard products

    The Director General of Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu, has said sub-standard products might remain in the Nigerian market because manufacturers earn huge turn-over from substandard products. The director-general who was represented by his...

    • Posted September 23, 2013
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  • Zamfara to invest N1.5bn in Jaiz Bank – Governor Yari

    The Zamfara government will invest N1.5 billion in Jaiz Bank to ensure its sustainable operation in the state and encourage interest-free banking, Gov. Abdulaziz Yari, has said. The governor made the disclosure on Thursday in Gusau while...

    • Posted September 20, 2013
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  • Shell reopens 150,000bpd vandalised pipeline

    Royal Dutch Shell reopened its 150,000 barrel per day Trans Niger pipeline in Nigeria, which was shut for nearly two months, it was learnt on Monday. This has lifted crude oil production, which has been fluctuating between...

    • Posted September 18, 2013
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  • FG, Akwa Ibom Government to commence construction of Ibaka seaport

    The Akwa Ibom Government says it is committed to commencing the construction of Ibaka Deep Seaport in partnership with the Federal Government. Gov. Godswill Akpabio said this at a gala night organised in honour of the visiting...

    • Posted September 13, 2013
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  • NSCDC seals off warehouses over petrol theft

    Nigeria Security and Civil Defence Corps has sealed off two warehouses for receiving stolen petrol and has recovered 6,050 litres of petrol in Ishawo, Ikorodu, Lagos State. Commandant, NSCDC, Lagos State Command, Clement Adesuyi, on Monday said...

    • Posted August 22, 2013
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  • Luggage charge leaves passengers stranded at Lagos airport

    A new policy introduced by the Federal Airports Authority of Nigeria for passengers coming into the country to pay a special charge on their luggage has become a source of dilemma for travellers. A lot of passengers,...

    • Posted August 7, 2013
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  • UBA, Dangote post increased half-year profit

    United Bank for Africa (UBA) says its half-year pre-tax profit rose to N33.24 billion ($207 million), up 9.3 per cent from the same period a year ago. The lender’s gross earnings climbed to 125.98 billion naira during...

    • Posted July 29, 2013
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  • Manufacturers raise concern over charges on BoI loans

    Manufacturers Association of Nigeria, MAN Ikeja branch, has expressed concern over numerous charges their members are made to pay to secure the Bank of Industry, BoI, loans, calling for immediate review and possible reduction. Expressing this position...

    • Posted July 29, 2013
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