APM Terminals has restated its readiness to invest $500 million to expand its operations in Nigeria, as part of efforts to boost the country’s maritime industry and improve port efficiency. …
Temile Development Company Limited (TDC), a Nigerian firm, has announced a major boost in its investment in the country’s gas sector. The company now has over $450 million worth of …
- EconomyFinance & ServicesPolicies
CBN Reports $20.93bn Remittance Inflow, $6.83bn Balance of Payments Surplus for 2024
The Central Bank of Nigeria (CBN) has announced that personal remittances into Nigeria rose to $20.93 billion in 2024, representing an 8.9% year-on-year increase. This was revealed in a statement …
- EconomyFinance & ServicesGOVERNMENTINVESTMENT
PenCom Invests ₦5.51tn in Real Sector to Boost Economic Growth
The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …
Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …
- Banking, Finance & InvestmentBusinessLeadership
Tributes Pour In for Late Diamond Bank Founder, Pascal Dozie
Tributes are pouring in from across Nigeria’s banking and business sectors following the death of Pascal Dozie, founder of the now-defunct Diamond Bank, who passed away on Tuesday, April 8, …
- Banking, Finance & InvestmentEconomyPolicies
NDIC Set to Begin First Tranche of Heritage Bank Liquidation Dividend in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin paying the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. …
- BusinessDevelopmentFinance & ServicesInternational Relations
AfDB President Adesina Calls for Stronger Investment Bridges Between Africa and Global Markets
The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has again made a strong case for increased global investment in Africa, saying the continent remains one of …
- DevelopmentEducationNewsScholarships
Sundry Foods Offers ₦250,000 Annual Scholarships to Students in Host Communities
Sundry Foods Limited (SFL), a Nigerian-owned food services company, has awarded scholarships worth ₦250,000 annually to undergraduate students from its host communities across the country. The announcement was made during …
- AviationGOVERNMENTInfrastructureInternational RelationsPoliciesTechnology
NAMA Moves to Boost Nigeria’s Airspace with New Tech from Germany
The Nigerian Airspace Management Agency (NAMA) has taken a major step toward modernising the country’s aviation communication infrastructure by assessing advanced communication technology at a leading factory in Germany. In …