Neveah Ltd, a recycling plant for the production of aluminium and copper ingots has been established in the Ogun State. The Managing Director and Chief Executive Officer of Neveah Ltd, Mr. Ibidapo Lawal stated this on Monday after a meeting with Governor Dapo Abiodun in his office at Oke-Mosan, Abeokuta. Lawal noted that the multimillion-dollar…
The Managing Director and CEO of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has highlighted the crucial role of the South-East Development Commission (SEDC) in the Federal Government’s vision to rehabilitate, expand and optimize the country’s railway infrastructure. He spoke yesterday during a working visit by the leadership of the SEDC to the NRC…
Start-ups in Nigeria, Kenya and others raised $460million in the first quarter (Q1) of this year through $100k+ deals (exc. exits), which is actually not much below the Q1 2024 number ($486million -five per cent YoY), according to new report. The report, entitled: Africa: The Big Deal, noted that Q1 2024 already wasn’t a particularly…
The World Bank has approved three funding operations for Nigeria, totaling $1.08 billion in concessional financing. These initiatives aim to improve quality of education, strengthen household and community resilience, and enhance nutrition for underserved groups. The funding includes $500 million in additional financing for the NIGERIA: Community Action for Resilience and Economic Stimulus (NG-CARES) Program,…
Ride hailing firm, inDrive, has restated its commitment to making its service as reliable and secure as possible. It said over the past year, it has seen incredible growth in new clients in Nigeria, with person-to-person (P2P) deliveries – such as parcels sent between friends, family, or individuals – tripling and B2B deliveries growing sixfold….
The National Horticultural Research Institute (NIHORT) has announced that it will soon release new, pest-resistant pepper varieties to address pepper shortage and soaring prices in the markets. This development comes as a welcome relief to consumers and traders alike, who have witnessed an unprecedented surge in pepper prices. The price of a large bag of…
The Raw Materials Research and Development Council (RMRDC) has urged stakeholders in the rubber industry to support its efforts to review the Act that established the Council. Its Director-General, Prof. Nnayelugo Ike-Muonso, made the call at a one-day investment forum focused on developing and rehabilitating the rubber value chain in Owerri. Represented by the Director,…
The House of Representatives Committee on Public Petitions has opted for alternative dispute resolution on the dispute between the National Identity Management Commission (NIMC) and a private technology company, Truid Limited over payment for services. Chairman of the House of Representatives Committee on Public Petitions, Hon Mike Etaba said the matter has been stepped down…
Bi-Courtney Aviation Services Ltd., operator of the Murtala Muhammed Airport Terminal Two (MMA2), has expressed the hope that the new tax policy and stable forex market in Nigeria will facilitate trade and improve the businesses. The Head of Aeronautical and Cargo Services at Bi-Courtney, Mr Remi Jibodu, expressed the hope in an interview in Lagos….
