Stanbic IBTC Bank has restated its commitment to grow the gas sector by increasing its funding requirements. The bank said from storage, production, delivery and even down to the renewable energy side of the divide there were a whole lot of products in place to support the gas value chain. Describing renewable energy as key…
The European Union (EU) and EDFI Management Company (EDFI MC) together with European Development Finance Institutions (EDFIs) have raised more than €2 billion in financing aimed at generating employment, and enhancing financial inclusion, especially among young and women-led businesses in Nigeria and the rest of Africa. The EDFI MSME Platform Plus Programme, supported by €255…
The Kano Area Command of the Nigeria Customs Service (NCS), says it generated N78.524 billion revenue between January and September. Mr Dauda Chana, the Area Comptroller, disclosed this in a telephone interview with the News Agency of Nigeria (NAN) on Wednesday in Kano. NAN reports that the Kano area command covers Kano and Jigawa states….
TD Africa’s outstanding expertise in tech distribution, service provision, support and training has been rewarded. The Nigeria-born, Africa-wide company, clinchéd two awards at Huawei’s World summit which spanned nine days, in Shanghai, China. The two awards which buttressed TD Africa’s intercontinental prowess and added new feathers to its cap are the “Excellence Global Distribution Partner”…
The Nigeria Customs Service (NCS), Lilypond Export Command (LEXC) says it processed 405.979 metric tons of export with free-on-board value at $979.3 million in third quarter (Q3) of 2024. The Customs Area Controller of the command, Ajibola Odusanya, disclosed this at a news conference in Lagos. Odusanya said that the command also processed 86,783 metric…
Minister of Aviation and Aerospace Development, Chief Festus Keyamo has canvassed innovative funding models, including concession, joint ventures, public private partnership (PPP), management contracts and other interventions that will accelerate the growth and development of the aviation sector. Besides, Keyamo also called for innovative financing models that go beyond waiting for the Federal Government to…
The Federal Inland Revenue Service (FIRS) has introduced a new Unstructured Supplementary Service Data (USSD) code, *829#, designed to enhance taxpayer satisfaction and streamline tax-related services. The code was launched on Wednesday by FIRS Chairman Zacch Adedeji at the Revenue House in Abuja, as part of the 2024 Customer Service Week celebrations themed “Above and…
President of Azikel Group, Dr. Azibapu Eruani, has said the key objectives of the Azikel Petroleum Refinery are to enhance the value of Nigerian crude oil, create employment opportunities and contribute to both the local and national economy. He spoke during the visit by Bayelsa State Governor, Senator Douye Diri. He said the completion of…
California-based ApertureData has closed its oversubscribed seed round at $8.25million for a purpose-built database for multimodal Artificial Intelligence (AI). In the race to adopt multimodal AI systems capable of processing, understanding, and generating text, videos, and images, enterprises are running into a “data crisis”. They have plenty of data assets to work with, but most…
