Market
Nigerian Aviation Boost: Emirates Airlines Explores Codeshare Agreement with Local Carriers
Aviation Economy

Nigerian Aviation Boost: Emirates Airlines Explores Codeshare Agreement with Local Carriers

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that Emirates Airlines is in discussions for a long-term flight service partnership with Nigerian carriers through a codeshare agreement. This move signifies a stronger relationship between both nations’ airlines, as codeshare allows passengers to book through multiple airlines seamlessly. By seeking a partnership with […]

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Oando Becomes Nigeria's First Indigenous International Oil Company as its Valuation Hits $4 Billion
Energy Market

Oando Becomes Nigeria’s First Indigenous International Oil Company as its Valuation Hits $4 Billion

Oando Plc, a trailblazer in the Nigerian oil and gas industry, has now attained the prestigious status of Nigeria’s first indigenous International Oil Company (IOC) following its operations outside the shores of Nigeria, particularly in the Sao Tome and Principe Exclusive Economic Zone (EEZ). This monumental achievement is a testament to the dedication and vision […]

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KPMG West Africa Grows Leadership Team with Nine New Partners Across Nigeria and Ghana
Market Partnerships

KPMG West Africa Grows Leadership Team with Nine New Partners Across Nigeria and Ghana

Klynveld Peat Marwick Goerdeler (KPMG) has announced the appointment of nine new partners to its West African firms, with six of the appointees being Nigerians. This strategic move highlights KPMG’s continued focus on leadership development and excellence across the region. The announcement was made via a post on KPMG Nigeria’s official LinkedIn account on Tuesday, […]

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Itana and AFC Lead Africa’s $100 Million Tech Revolution in Lagos
Sectors Technology

Itana and AFC Lead Africa’s $100 Million Tech Revolution in Lagos

Ever wondered how Africa’s tech space is rapidly growing, and what role Nigeria could play in it? Well, Lagos is about to witness something big—something that could shake up the digital economy across the continent. The Africa Finance Corporation (AFC) has just announced that they’re backing Itana’s bold move to create a $100 million Digital […]

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Federal Government CNG Initiative of Distributing 2,000 Tricycles for Nigerian Youths to Launch on October 1st
Energy Sectors

Federal Government CNG Initiative of Distributing 2,000 Tricycles for Nigerian Youths to Launch on October 1st

Starting October 1, 2024, the Federal Government, through the Presidential Compressed Natural Gas Initiative (PCNGi), will begin distributing 2,000 Compressed Natural Gas (CNG)-powered tricycles to young Nigerians in the transportation sector across the country. This initiative is part of the government’s strategy to promote more affordable and eco-friendly transportation solutions. The PCNGi announced the program […]

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Fidson’s $100 Million Medicine Production Plant Aims to Boost Nigeria’s HIV Treatment Capacity
Business Sectors

Fidson’s $100 Million Medicine Production Plant Aims to Boost Nigeria’s HIV Treatment Capacity

Fidson Healthcare Plc is set to build a $100 million pharmaceutical production plant in the Lekki Free Trade Zone (FTZ), according to reports from Bloomberg. The proposed facility aims to enhance Nigeria’s healthcare self-reliance, with a particular focus on tackling HIV. The plant’s establishment is part of a larger effort to address the country’s healthcare […]

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Nigerian Rail Sector Sees 53.14% Revenue Growth in Q2 2024, Driven by Increased Passenger Traffic
News Sectors

Nigerian Rail Sector Sees 53.14% Revenue Growth in Q2 2024, Driven by Increased Passenger Traffic

 As Nigerians seek more affordable travel options amidst rising airfares, the rail sector recorded a significant increase in revenue for Q2 2024. The sector generated N1.69 billion from passenger transportation, reflecting a 53.14% growth compared to N1.10 billion in the same period last year.  A recent report by the National Bureau of Statistics (NBS) indicates […]

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African Film Industry Set for Growth as Next Narrative Africa and HEVA Fund Announce $40M Investment
Business Film Industry

African Film Industry Set for Growth as Next Narrative Africa and HEVA Fund Announce $40M Investment

Next Narrative Africa, a Nigerian media production company, and HEVA Fund, a Kenya-based investment firm, have unveiled a $40 million fund to support African filmmakers and content creators. The Next Narrative Africa Fund aims to invest in films with budgets ranging from $1 million to $5 million per project, offering a combination of equity investments […]

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How Nigeria’s ASAP Plan Attracted Coca-Cola’s $1 Billion Investment
Economy Sectors

How Nigeria’s ASAP Plan Attracted Coca-Cola’s $1 Billion Investment

Coca-Cola’s recent announcement of a $1 billion investment in Nigeria is a major signal of confidence in the country’s potential. But what exactly is driving this bold move? According to the Manufacturers Association of Nigeria (MAN), the answer lies in the full and effective implementation of the Accelerated Advancement and Stabilisation Plan (ASAP) recently unveiled […]

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Business Verge| Seyi Makinde Flags Off N41 Billion Upgrade of Samuel Ladoke Akintola Airport in Ibadan
Aviation News

Seyi Makinde Flags Off N41 Billion Upgrade of Samuel Ladoke Akintola Airport in Ibadan

Oyo State Governor, Seyi Makinde, has officially commenced the N41 billion upgrade of the Samuel Ladoke Akintola (SLA) Airport in Ibadan, a project designed to position the state as a regional business hub. The project’s groundbreaking ceremony took place on September 18, 2024, at the airport premises, with Governor Makinde joined by Osun State Governor, […]

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