Construction of the Lekki Deep Sea Port has reached 50 per cent with the completion of the 1,909 meters long core of the main breakwater while work on the quay …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- EntrepreneurshipWestern Africa
Nigerian social and video commerce platform Rabawa secures $163k funding for expansion
Nigerian social and video commerce platform Rabawa has secured US$163,000 in funding from US-based VC firm Aptive Capital to help scale its operations. Launched in 2021 and offers resellers access …
The management of the NLNG Ship Management Limited, NSML, the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, has given reason for putting its vessels in the Bermudian Ship …
MTN Nigeria Communications has announced the successful issuance of N110 billion Series 1, 7-Year 13.0% Fixed Rate Bonds due 2028, (Series I Bond) under its N200 billion Bond Issuance Programme. …
- Banking, Finance & InvestmentSpotlightWestern Africa
Nigerian Industrialist Dangote Maintains Ranking as Africa’s Richest Man
For the tenth time, Nigeria’s entrepreneurial giant and richest black man on earth, Mr. Aliko Dangote, has retained his position as the richest man in Africa with a net worth …
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Naira Falls to N410.67/$1 Despite Drop in FX Demand at I&E
Despite a drop in the demand for foreign exchange (FX) at the market on Monday, the Naira depreciated against the US Dollar by 0.08 per cent or 34 kobo at …
- Banking, Finance & InvestmentNigeriaSpotlightWestern Africa
Bears Remain as Unlisted Securities Shed 0.85%
Equity trading activities on the Nigerian Stock Exchange started this week ended on a bearish note as major indicators closed negative. The loss was primarily influenced by Central Securities Clearing …
Aspen Technology, a leading provider in asset optimisation software, has partnered with Larsen & Toubro Infotech (LTI) to deliver AspenTech solutions through LTI managed cloud services, which will accelerate the …
Petrofac, an offshore engineering specialist has secured a contract with BP to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal. The procedures will encompass …
The oil giant invited local and international banks to be a part of the public share sale of ADNOC Drilling, which will be due later this month. According to Reuters …