Investment Archives — Page 2 of 9

May 31, 2024 No Responses

Dana Air CEO Meets Aviation Minister, Hints On Fresh Investment, New Fleet of Aircraft

Dana Air has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.The CEO of Dana Air, Jacky Hathiramani disclosed this in Abuja during a crucial meeting with the Honorable Minister of Aviation and...

May 31, 2024 No Responses

Reps Query NIPC Over N3.15b Expenditure

The House of Representatives has queried the Nigerian Investment Promotion Commission (NIPC) for recording an expenditure of N3.15 billion, despite submitting a revenue of N2.89 billion in the first quarter of 2024. The law makers issued the query on Thursday....

May 12, 2024 No Responses

Nigeria Targets New Visa Application Process

The Federal Government is working to revise the visa application policy in the country in a few weeks to improve accessibility, Minister of Interior, Olubunmi Tunji-Ojo, has said Tunji-Ojo disclosed this at a stakeholders’ consultative meeting regarding Nige...

May 1, 2024 No Responses

Maersk debunks $600m Investment In Nigeria

The management of AP Moller-Maersk has debunked report that it is planning to invest $600 million in Nigerian seaport infrastructure. The Nigerian Government through a statement had claimed that the Danish shipping conglomerate promised to bring an additional ...

April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria. The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to t...

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 ...