Lagos state received the largest share of investment announcements of $7.29 billion in the third quarter, accounting for 81 percent of the total deals, NIPC reports. Rivers state followed Lagos with $300 million worth of announcements in manufacturing and transportation and Oyo state with $231 million announced in electricity and trade (e-commerce). With the total…
Trust Africa News, By Ayomide Otitoju Kano, Nigeria OCP Africa, a global leading company in the production and exportation of phosphate-based fertilizers has deepened its partnership with Syngenta Foundation for Sustainable Agriculture (SFSA), to ensure Nigerians are food secure by enhancingTomato production techniques and creating a viable and sustainable business modeland linkage around the value…
Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize its technology as it ramps up effort to extend speedy credit to more small and medium-sized enterprises (SMEs) in the West African country. The round was led by an array…
Trust Africa News, By Ayomide Otitoju On behalf of the President of the Lagos Chamber of Commerce and Industry (LCCI), Mrs. Toki Mabogunje and the Trade Promotion Board, I am delighted to welcome you all to this Partners Unveil to herald the 2021 Lagos International Trade Fair. First, I wish to express our gratitude for…
Trust Africa News, By Ayomide Otitoju I am pleased to also announce with delight that GREE is the official TITLE PARTNER of the 2021 Lagos International Trade Fair. Gree Electric Appliances Inc. of Zhuhai was founded in 1991. It is an international air conditioning enterprise which has integrated R&D, manufacturing, marketing and service. It takes…
Luxury apartments in the 21-story building that collapsed on Gerrard Road, Ikoyi, Lagos, were being sold for $5 million (N2.85 billion at the prevailing exchange rate of N570/$) per apartment, according to online listings. A flyer designed for the residential facility indicated that 65 per cent of the penthouses valued at $5 million each had…
The 650,000 barrels per day (bpd) Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) as well as other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele…
The Nigeria Deposit Insurance Corporation, NDIC, said that 99.4 per cent of bank accounts contain less than N500,000 Maximum Insured Limit (MIL) of the Nigeria Deposit Insurance Corporation, NDIC Managing Director/Chief Executive, NDIC, Mr. Bello Hassan disclosed this in Gombe, at the second led of the Corporation’s workshop for Finance Correspondents and Business Editors. He…
Nigerians have cried out to President Muhammadu Buhari over the high cost of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, in the country, urging him to take drastic measures to crash the price of the product in the interest of the masses. From Lagos to Kano, Kebbi, Bayelsa, Cross River, Port Harcourt and Benue,…
