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Dangote’s US listing to put refinery on global valuation template
Sopuruchi Onwuka Dangote Refinery’s planned listing on a United States stock exchange could become the next major test of investor confidence in Africa’s biggest private industrial project, following its $1.6 billion Initial Public Offering (IPO) on the Nigerian Exchange. In…
UK, Abia deepen partnership on digital transformation, investment
The United Kingdom has reaffirmed its commitment to deepening its partnership with Abia State, with British Deputy High Commissioner in Lagos, Jonny Baxter, highlighting the state’s growing reputation for entrepreneurship, innovation and economic opportunity. Baxter made the commitment at the…
FSD Africa launches finance facility to unlock capital for local investment, SGBs
FSD Africa has launched the Manager Finance Facility (MFF), a new initiative aimed at strengthening Africa’s emerging generation of alternative local capital providers (ALCPs) and unlocking more appropriate financing for small and growing businesses (SGBs) across the continent. The facility…
UK’s Trade Commissioner for Africa, Alastair Long, assumes duty
The United Kingdom’s Trade Commissioner (HMTC) for Africa, Alastair Long, has kicked off his mission, positioning at the forefront of the King’s efforts to deepen trade and investment relations between the UK and the continent. A statement made available by…
Africa’s energy gap demands $200bn annual investments
The scale of energy poverty facing the African continent calls for more than $200 billion annual investments in energy infrastructure and facilities required to strengthen energy access, resilience and petroleum development. Worse still, about 600 million Africans remain without electricity…
FG floats fiscal incentives for deepwater petroleum projects
The Federal Government has approved a new fiscal framework for petroleum investment incentives aimed at unlocking up to $50 billion in investments and reviving major deep offshore oil and gas developments that have remained stalled for years. The reform comes…
Fiscal reforms sparked $50bn offshore investment wave – Avuru
Fiscal incentives for petroleum investments introduced by the administration of President Bola Ahmed Tinubu contributed to unlocking over $50 billion commitments from major international oil companies after nearly two decades of investment stagnation. Chairman of AA Holdings, Mr. Austin Avuru,…
Nigeria discovers 3 mineral deposits in Kaduna
Federal Government has announced the discovery of a major polymetallic mineral province in Kaduna State containing valuable resources including platinum group metals, gold, nickel, copper, lithium and rare earth elements. Minister of Solid Minerals Development, Dele Alake, disclosed the development, Wednesday,…
United Capital acquires 5% equity stake in NGX
Investment firm, United Capital Group has announced the acquisition of a 5 per cent equity stake in the Nigerian Exchange Group (NGX) Plc. The acquisition which was disclosed in a statement issued on Monday, June 15 and signed by the…
Dangote unveils plan for Nigeria’s largest industrial zone in Ondo
President of the Dangote Group, Aliko Dangote, has unveiled plans to develop what is expected to become Nigeria’s largest industrial and free trade zone in Olokola, Ondo State, in a move aimed at accelerating industrialisation, boosting manufacturing and creating thousands…
