Investment Archives — City Business News

April 18, 2024 No Responses

NCDMB Receives $1m Return On Investment From NEDOGAS

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was...

April 7, 2024 No Responses

VFD Group CEO, Nonso Okpala Joins CSCS Board

Central Securities Clearing System Plc (CSCS), Nigeria’s premier Financial Market Infrastructure company, has appointed Nonso Okpala, Group Managing Director/CEO of VFD Group, into its Board. Nonso Okpala, who currently serves as the Group Managing Direc...

March 11, 2024 No Responses

India Signs $100b Free Trade Deal With Four Countries

India has signed a free trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn),...

March 5, 2024 No Responses

Onyema, Murray-Bruce seek Support For Investments in Nigeria As Innoson Bags Silverbird Award

Key players in the nation’s business circle, including Senator Ben Murray-Bruce and Chief Allen Onyema, have called on Nigerians to support local investments to boost the country’s economy. The calls were made on Sunday when Chief Innocent Chukwuma...

March 2, 2024 No Responses

MTN Nigeria Records N740b Forex Losses

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion in 2023. The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported...

February 10, 2024 No Responses

APM Terminals To Invest $500m In Apapa Port

The owners of APM Terminals have expressed their readiness to invest half a billion dollars in Apapa port to make it one of the biggest in Africa. This was disclosed by the Global CEO of APM Terminals, Mr. Keith Svendsen...

February 7, 2024 No Responses

Access Bank, JICA Seal $75m Loan Agreement

Access Bank Plc has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency. Valued at $75 million, it is JICA’s first private sector investment finan...

January 19, 2024 No Responses

Shippers Council Boss Lauds Ports & Cargo On Investment, Dedication

The newly appointed Executive Secretary/CEO, Nigerian Shippers Council, Mr. Pius Ukeyima Akutah (MON)has expressed satisfaction over the impact Ports & Cargo Handling Services Limited, the flagship company and subsidiary of SIFAX Group has had on...

January 13, 2024 No Responses

Total Energies Visits NCDMB, Reconfirms Final Investment Decision For Ubeta Project in 2024

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed that the company ...

January 12, 2024 No Responses

Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects...

November 27, 2023 No Responses

Obaseki In China, Woos Investors

The Edo State Governor, Mr. Godwin Obaseki, has continued his foreign investment drive, rallying investors to take advantage of the business-friendly environment and other incentives provided by his administration to invest in new frontiers and expand the...

November 25, 2023 No Responses

Nissan Unveils £2b Electric Car Investment Plan In UK

Nissan and its partners have announced a £2bn plan to build three electric car models at its Sunderland factory. BBC Reports that the Japanese firm will build electric Qashqai and Juke models at the plant alongside the next generation of...

November 7, 2023 No Responses

Osime, Ogbeifun, Osayande, Others For Edo Investment Summit

The Chairman, Edo Refinery and Petrochemical Company Limited, Mr. Michael A. Osime; Chairman, Benin River Port Project, Engr. Greg Ogbeifun, and the Managing Director, Benin Enterprise Park Limited, Mr. Edward Osayande, are expected to lead the cast of pa...

September 25, 2023 No Responses

Ecobank Pan African Centre Hosts US College, Career Fairs In Lagos

The Ecobank Pan African Centre (EPAC) situated in the sprawling highbrow Victoria Island, Lagos played host to the annual USA College and Career Fairs in Lagos last week. A statement explained that the Fair provides an opportunity for prospective international...