Economy
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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FG Unveils $100bn Creative Economy Growth Plan, Targets 2 Million Jobs
Economy News

FG Unveils $100bn Creative Economy Growth Plan, Targets 2 Million Jobs

The Federal Government of Nigeria has introduced an ambitious eight-point plan aimed at generating $100 billion annually and creating over two million jobs from the country’s creative economy. This initiative was launched by the Minister of Art, Culture, and the Creative Economy, Hannatu Musa Musawa, during a roundtable meeting with local and international investors held […]

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Namibia Partners with Chinese Firms to Build Its Largest Solar Power Plant for $89 Million | Business Verge NG
Energy Partnerships

Namibia Partners with Chinese Firms to Build Its Largest Solar Power Plant for $89 Million

Namibia has taken a big step toward energy independence by partnering with two Chinese companies to build the country’s largest solar power plant. The project, worth $89 million (N$1.6 billion), will be constructed by China Jiangxi International Economic and Technical and Zhejiang Chint New Energy Development. Project Overview: The plant will be located in Rosh […]

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Business Startups

Africa’s E-Commerce Sector to Reach New Heights: Chpter Secures $1.2 Million Pre-Seed Funding to Expand Across the Continent

Chpter, a Kenyan AI-powered social commerce platform, has secured $1.2 million in a pre-seed funding round to accelerate its growth across Africa. Founded in 2022 by Tesh Mbaabu, Mesongo Sibuti, Kuria Kevin, and Mark Kiarie—co-founders of the YC-backed startup Marketforce—Chpter aims to revolutionise how businesses engage with customers on social media platforms like WhatsApp and […]

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The Dangote Petroleum Refinery in Nigeria, showing large industrial structures, as it prepares to supply gasoline to the local market
Economy

Hope or Hype? An Analytical Report of The Dangote Refinery’s Impact on Nigeria’s Fuel Crisis

The Dangote Petroleum Refinery, boasting a massive capacity of 650,000 barrels per day, is on the verge of commencing the sale of Premium Motor Spirit (PMS), commonly known as petrol. This development, as reported by Reuters, comes after a series of challenges, including crude oil shortages and regulatory disputes, which have delayed the refinery’s operations. […]

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Economy

Yes, Nigeria’s $19 Billion Refinery is a Really Big Deal for 1.4 Billion Africans

In September 2013, Nigerian billionaire Aliko Dangote announced that he had secured about $3.3 billion in financing for the development of the “largest single-train refinery in the world”. Projected to cost $18.5 billion-plus, the mega-refinery was going to grow from the bustling heart of Nigeria’s economic landscape, redefine the nation’s energy landscape and extend its […]

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African Entrepreneurship

Empowering Africa’s Tomorrow: Meet 8 Fearless Female Entrepreneurs Transforming Africa’s Future

In the dynamic landscape of African entrepreneurship, several remarkable women stand out, making significant strides in diverse industries. These trailblazers not only exemplify resilience and innovation but also contribute to shaping the future of their respective fields; leading innovative companies and playing pivotal roles in shaping various industries. Here, we spotlight some of the top […]

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Business

Lagos State becomes the location for Amazon’s first office in Nigeria.

Amazon Web Services (AWS) today announced the opening of its first office in Lagos, Nigeria. The opening of the Lagos office comes five years after its first office in Johannesburg was opened in 2017. This move will bring AWS, which already supports a number of Nigerian startups such as SeamlessHR, Yellow Card, BFree, Bankly and public sector organisations, closer to […]

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Business

Gen Z and the Billion Dollar War for Spend

A couple decades ago (find something better for this intro), the usual brand customer was married, owned a home and had a job. The brand played the role of an expert — talking over the customer, telling them what to buy, how to buy and when. Early brand marketing painted the customer as ignorant, and […]

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Economy

Rising costs and Scarcity – The Leading fear of Nigerian Manufacturers

Manufacturers who form the major players in the Nigerian economy have raised concerns about the state of things in the economy. Considering the steady rise in energy costs, scarcity of foreign exchange and a host of others, these players have to give up a limb and an arm to keep things running. While these concerns […]

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