Investment – Page 7 – City Business News

October 11, 2022 No Responses

Grimaldi Marks 75th Anniversary, Invest In 12 New Eco-Friendly Vessels

Italian shipping major, Grimaldi Group is celebrating its 75th anniversary with a new round of investments in green vessels and port stake acquisitions. Under the arrangement, Grimaldi has signed a contract for the construction of two car carriers of 7,800 lane...

August 5, 2022 No Responses

Buhari Challenges BUA Chairman On Investments, Charity

President Muhammadu Buhari has urged businessman and philanthropist, Abdulsamad Rabi’u, to carry forward his momentum of investments and charitable deeds as he marks his 62nd birthday. Malam Garba Shehu, the president’s spokesman stated that the...

August 4, 2022 No Responses

SEC Warns Against Unregistered Investments Crowdfunding Platforms

The Securities and Exchange Commission (SEC) has again warned investors about the activities of unregistered investment crowdfunding platforms. Crowdfunding is the process of raising funds to finance a project or business from the public through an online ...

July 31, 2022 No Responses

ILO Tasks Nigeria On Investments In Social Protection

The International Labour Organisation ( ILO) on Saturday in Abuja charged the Nigerian government to increase investments in social protection to eliminate child labour. Its Country Director in Nigeria, Ms Vanessa Phala, made the call during a...

July 28, 2022 No Responses

Ministry Inaugurates Committee On Oil, Gas Investment Promotion

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having...

June 21, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Edo State Governor, Mr. Godwin Obaseki, has said the government’s sustained investment in oil palm cultivation and production will enhance the diversification of the state’s economy from crude oil and support ongoing efforts to engender forest regenera...

June 13, 2022 No Responses

Oil Palm Investment: Edo Seeks Regional Collaboration

Edo State Government has called for regional collaboration to drive investment into sustainable oil palm production in Nigeria as part of strategies to lift Nigeria’s industrialization effort. Managing Director of the Edo State Investment Promotion Off...

May 19, 2022 No Responses

Hyundai To Invest $16.5b In South Korea EV Business

Hyundai Motor Group said on Wednesday it plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai...

May 10, 2022 No Responses

Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

The Nigeria International Trade Fair/Expo (NITFE) organisers have called for more investment in the non-oil sector, including sports to fast track the nation’s socio-economic development. Mr Innocent Ogu, President, African Legacy International, Co-organiser...

May 5, 2022 No Responses

Nissan To Invest $700m In Mexico

The Japanese automaker, Nissan Motors said on Wednesday it would invest more than $700 million in Mexico during the next three years to boost its operations in the country. The investment is set to improve the facilities, equipment and automation procedures.....

March 31, 2022 No Responses

Obaseki At Dubai Summit, Seeks Investments In Benin River Port, Enterprise Park, Others

The Edo State Governor, Mr. Godwin Obaseki at this year’s Annual Investment Meeting (AIM) in Dubai, briefed investors with his pitch for investments in the Benin River Port, the Enterprise Park, and the Benin Inland Container Depot/Dry Port, among other...

March 25, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Commissioner for Agriculture and Food Security in Edo, Stephen Idehenre, says the state has attracted about $531.2 million from nine firms in the oil palm sector through the state oil palm programme. Idehenre made this known during the inauguration.....

March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said Ola Kaellenius,...

March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends. Al-Hajri said this at the...