NSIA unveils $300m Renewable Energy Fund
By Emma Ujah, Abuja Bureau Chief The Nigeria Sovereign Investment Authority, (NSIA) has launched the $300 million Nigeria Distributed Renewable Energy (DRE) Fund, a new investment vehicle designed to accelerate private-sector investment in renewable energy and expand electricity access to underserved communities and businesses across the country. The Fund, which reached its commercial launch milestone […]
MSMEs in Nigeria doubled in 2yrs –Fidelity Bank MD
THE number of Micro, Small and Medium Enterprises (MSMEs) operating in Nigeria doubled over two years between 2011 and 2013, from 17.9 million to 39 million.
Ekulo Group partners Ghanaian conglomerate, Angels Group on Adonko Bitters
It is a new year package into the Nigerian beverage market as Ekulo Group, one of Nigeria’s biggest commodity marketing, distribution and manufacturing conglomerate partnered one of Ghana’s leading conglomerate, Angels Group of companies to introduce Adonko Bitters in Nigeria. Speaking on the brand, General Manager, Adonko Bitters Limited, Mr. Daniel Darko Nyameky said, “Nigerian […]
NOVA Merchant Bank commences operations, promises new ideas
NOVA Merchant Bank Limited, a newly licensed merchant bank with a focus on wholesale banking, investment banking and asset management, formally commenced operations yesterday, unveiling its objective to re-establish merchant banking as a key economic driver by providing long-term funds and advisory services.
Naira depreciates to N360.57/$ in I&E
The naira Thursday depreciated to N360.57 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
Nigeria has become investors’ destination – Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed says that with the right policies of government and favourable economy indices, Nigeria has become an investors destination.
