By Oluwafunso Obasan, The Public Private Partnership model of the Prince Dapo Abiodun administration in Ogun State has received an additional boost, as AfreximBank is dedicating the sum of $200m towards projects implementation and other initiatives of the administrationThe President/Chairman, Board of Directors, AfreximBank, Mr. Benedict Oramah who made this known at the Governor’s office,…
Okechukwu Nnodim Indications emerged on Thursday that the planned July 1, 2021 review of the various electricity tariffs in Nigeria had been stalled following concerns around low power generation by the sector. It was gathered that gas constraints to gas-fired power generation plants and the reduced water level needed by hydropower stations had impacted negatively…
Nike Popoola The Managing Director and Chief Executive Officer, Sterling Bank Plc, Mr Abubakar Suleiman, has called on players in the private sector to provide vigorous support to the ongoing COVID-19 vaccination exercise so that more people will get vaccinated and drive a speedier reopening of the economy. He said this while addressing participants at…
A pan-African financial institution, United Bank for Africa Plc, has said it is committed to supporting businesses and financial inclusion in Africa through its consumer lending products. UBA said there had been clear evidence that credit remained a major economic stimulant and growth driver. According to the lender, credit has been largely inaccessible to the…
Our Reporter Guinness Nigeria Plc has acquired a 10-hectare strategic industrial asset in the heart of Ikeja industrial hub as the Diageo subsidiary plans to scale up its operations in Nigeria × The industrial asset is a 10-hectare property in the Ikeja industrial hub of Lagos State. The multi-billion-naira asset which formerly belonged to Universal…
Qualified women entrepreneurs in the Nigerian oil and gas industry can now benefit from the $40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board and Nigerian Export-Import Bank. The NCDMB is contributing $20m to the pool and it will be matched by the same amount in naira…
Polaris Bank says it has introduced a new reward initiative, tagged ‘Refer & Win’, for existing and new users of the bank’s digital banking platform, VULTe. The bank said this in a statement on Wednesday titled ‘Polaris Bank launches ‘Refer & Win’ reward for VULTe users’. According to the statement, users have the chance to…
Stratech Properties Limited, a notable real estate firm in Nigeria reiterates its commitment towards 1 million homes project to reduce the housing challenges in the country. This was unveiled recently during the company’s 12th year anniversary celebration in Abuja. Speaking at the event, the Chief Executive Officer of Stratech, Amb. Moses Obisesan, said that mass housing…
By Afolabi idowu MTN Nigeria plans to invest N640 billion US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progres. “Nigeria is one…