30 results
- 5 Jun 2023
IFC, Partners Support BUA with $500M Facility to Boost Industrialization, Jobs in Nigeria and Sahel
IFC yesterday made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and…
- 31 Aug 2017
Survey Ranks Robotics as Top Priority for Technology Investment in 2017
International Data Corporation (IDC) Manufacturing Insights reveals in its latest report “Key Insights from IDC Worldwide Robotics Survey 2017 ”that robotics is ranked the highest priority for…
- 27 Jan 2022
TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm, on Thursday announced a first close of $70mn for its $150mn Africa focused tech fund, firmly positioning the investor to become the largest independent…
- 16 Jan 2026
NGX Unveils Net-Zero Plan for Greener Capital Market
Nigerian Exchange Limited (NGX) has launched the NGX Net-Zero Programme to guide listed companies toward clear carbon reduction pathways and enhanced climate disclosures aligned with global investor…
- 27 Jan 2022
TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm, has today announced a first close of $70mn for its $150mn Africa focused tech fund, firmly positioning the investor to become the largest independent…
- 12 Apr 2019
AfDB Approves $15million Investment Package for InfraCredit Company in Nigeria
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the…
- 6 Jul 2018
AfDB Convenes Africa Energy Market Place
Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop yesterday to discuss the technical,…
- 15 Dec 2022
Ventures Platform Closes its Pan-African Fund Above the Initial Target at $46M
Ventures Platform, the pan-African VC firm championing the next generation of African technology entrepreneurs, has announced the final close of its early-stage and intercontinental fund, at $46M.…
- 15 May 2024
Annual General Meeting: Nigeria Set to Host the 2025 Edition of the Network of African Data Protection Authorities’ Conference
Nigeria Data Protection Commission (NDPC) is to host the 10th edition of the prestigious Network of African Data Protection Authorities’ (NADPA-RADPA) Conference and Annual General Meeting. This…
- 6 Feb 2026
Globacom Donates ₦1Bn to Lagos State Security Trust Fund
In its bid to contribute its quota to the consolidation of security in Nigeria's commercial capital, Lagos, telecommunications giant, Globacom, has thrown its weight behind the Lagos State Security…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 28 Sept 2021
IFC, Telecom Infra Project Partner to Advance Digital Connectivity in Emerging Markets
International Finance Corporation (IFC) and the Telecom Infra Project (TIP), a global community of companies and organizations focused on infrastructure solutions to advance connectivity worldwide,…
- 24 Nov 2008
Siemens Sets Aside $1.3Bn for Bribery Scandal, Hires Templars
Siemens AG, the world's largest engineering company has retained Templars, Nigeria’s full service law firm on legal issues arising from the company’s internal anti-corruption…
- 13 Nov 2012
Nnaji’s Power Firm Begins Power Supply Next Year
Geometric Power Ltd owned by Professor Barth Nnaji, former power minister will start supplying power to Aba town, Abia State in February, according to a statement by the company’s publicist. This is…
- 2 Oct 2013
AfDB Invests $70m n PTA Bank to Boost Trade in Africa
Board of Directors of the African Development Bank (AfDB) has approved a financial package consisting of $20 million in additional equity and a $50-million line of credit (LOC) to finance projects in…
- 12 May 2017
IFC Invests in Africa Local Currency Bond Fund to Support Capital Markets
IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets…
- 8 May 2018
German Envoy, Others, Lay foundation for Thompson and Grace Medical University
Dr. Bernhard Schlagheck, German envoy to Nigeria, recently led another German medical expert, Prof. Dr. Dr. med. Uwe Koch-Gromus, Executive Dean of the Medical Faculty of University Medical Center…
- 4 Nov 2022
PMI Nigeria Expo 2022 Returns to Lagos & Abuja, Focuses on Improving Project Outcomes
The need to address lingering challenges in project management will be at the centre of discourse during the Project Management Institute (PMI) Nigeria Chapter Expo 2022. L-R: Paul Omugbe, President,…
- 4 Oct 2016
IBM Sees Internet of things Tipping Point
Plugging computer sensors into factories, cars, shops and offices to help them operate more smartly on the industrial Internet, or so-called Internet of things (IOT), is moving beyond prototypes into…
- 24 Apr 2013
MTN Secures $3Bn Facility to Upgrade Network
MTN Nigeria, with the largest subscriber base in the country has secured a $3 billion (about N470 billion) loan facility from a consortium of local and international financial institutions to upgrade…
- 13 Dec 2019
Stallion Motors refutes Shutdown allegations
Stallion Motors has refuted allegations that its operations were shut down owing to a court judgement arising from the company’s indebtedness to Nigerian Banks and Asset Management Corporation of…
- 29 Sept 2021
IFC, Africa Re Partnership Boosts Insurer’s Capacity to Underwrite Agribusiness
Insurance Companies in Nigeria and Africa have acquired capacity to underwrite agribusiness towards the support for food security in the continent following a partnership deal between Africa…
- 29 Oct 2019
Siemens, Volkswagen Launch First Africa Electric Car Pilot Project in Rwanda
Rwanda becomes the first African country to introduce Volkswagen electric car; Volkswagen and Siemens sign joint development agreement to conduct electric mobility feasibility project; Pilot Project…
- 20 Oct 2013
EMEA PC Shipments Declined 16% in 3Q13
According to the latest research from International Data Corporation (IDC), PC shipments in Europe, the Middle East, and Africa (EMEA) declined 16%, reaching 21.4 million units in the third quarter…
- 24 Sept 2017
Stakeholders Endorse SNEPCo’s Global Nigeria Forum
Public and private sector players in the Nigerian oil and gas industry have described the annual Global Nigeria Forum (GNF) as a model worthy of emulation by the country’s local content regulator.…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 18 Mar 2014
Juwah @ Securex Explains Establishment of New Media & Info Security Dept
Eugene Juwah, vice chairman and chief executive officer, Nigeria Communications Commission (NCC) on Wednesday acknowledged that cybercrime and security of information on the cyberspace has become…
- 12 Jul 2017
Science & Technology Bank to Boost Nigeria’s Research Programme – Onu
Dr. Ogbonnaya Onu, minister of science and technology, has said that a recommendation by the ministry in its Roadmap would create a separate bank that will fund research and development, R&D, in…
- 7 May 2021
FG Engages Microsoft to Preserve Local Languages
Nigeria is engaging with Microsoft Corporation, tech giant, in order to use machine learning and artificial intelligence to preserve local languages, according to Mr Ife Adebayo, special assistant to…
- 23 Jul 2023
Startup Ecosystem: NITDA Woos Global Tech Giants for Support, Collaboration
National Information Technology Development Agency (NITDA) has commenced engagements with international bodies in ensuring that a formidable startup ecosystem is built in the country through…