Nigeria
AfricInvest’s Transform Health Fund Closes at $111 Million, Aims to Boost African Healthcare Innovations
Health Sectors

AfricInvest’s Transform Health Fund Closes at $111 Million, Aims to Boost African Healthcare Innovations

AfricInvest, a leading pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its initial target. The fund, which is managed in partnership with the Health Finance Coalition (HFC), is set to address critical gaps in health financing and capacity across Africa by supporting innovative healthcare models. Investors in the […]

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CIBN and Nigerian Bank CEOs Urge Constructive Dialogue Amid Social Media Criticism
Banking Sectors

CIBN and Nigerian Bank CEOs Urge Constructive Dialogue Amid Social Media Criticism

The Chartered Institute of Bankers of Nigeria (CIBN) and the Body of Bank CEOs have expressed growing concern over the persistent wave of social media criticism directed at Nigerian banks. In a joint statement issued on Tuesday in Lagos, and signed by CIBN President, Prof. Pius Olanrewaju, and the Chairman of the Body of Banks […]

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NNPC and Partners, Total, Shell and Agip, Finalise Major Gas Supply Deal for Nigeria's $3.3 Billion Brass Methanol Project
Economy Energy

Decline in NNPC Dividends to Federation Account After Petroleum Industry Act Implementation

Dividends from the Nigerian National Petroleum Company (NNPC) Limited to the federation account have dropped significantly following the full implementation of the Petroleum Industry Act (PIA), with crude oil and gas sales earnings through joint venture (JV) assets plummeting from $11.9 billion to $1.83 billion. This sharp decline was revealed in the Agora Policy Report, […]

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Nigeria and Brazil Set to Launch Direct Flights Under Revitalised Bilateral Air Agreement
Aviation Economy

Nigeria and Brazil Set to Launch Direct Flights Under Revitalised Bilateral Air Agreement

The Nigerian Minister of Aviation and Aerospace Development, Festus Keyamo, is in discussions with Brazilian Ambassador to Nigeria, Carlos Garcete, to finalise a Bilateral Air Service Agreement (BASA) between the two nations, aimed at launching direct flights by Nigerian airlines to Brazil.  A statement issued by Tunde Moshood, media aide to the minister, confirmed that […]

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Nigeria’s $750M World Bank Distributed Renewable Energy Project Aims to Power 17.5 Million Citizens
Economy Energy

Nigeria’s $750M World Bank Distributed Renewable Energy Project Aims to Power 17.5 Million Citizens

The Rural Electrification Agency (REA) has announced the launch of a new rural electricity project, set to begin next month, with the financial backing of the World Bank. The project, valued at $750 million, aims to provide electricity to 17.5 million Nigerians, primarily in underserved rural areas, through the use of renewable energy solutions. The […]

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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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Kunle Adedeji Takes Over as Acting CEO of Stanbic IBTC After Sogunle’s Retirement
Banking Finance

Kunle Adedeji Takes Over as Acting CEO of Stanbic IBTC After Sogunle’s Retirement

Stanbic IBTC Holdings Plc has announced the retirement of its Chief Executive Officer, Demola Sogunle, after an incredible 35 years of service. Sogunle, who has played a crucial role in shaping the company’s success, will officially step down on October 31, 2024. In a statement, Stanbic IBTC’s Board of Directors expressed their deep appreciation for […]

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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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Shell Appoints Ronald Adams as New Managing Director of Deep-Water Subsidiary in Nigeria
Economy Energy

Shell Appoints Ronald Adams as New Managing Director of Deep-Water Subsidiary in Nigeria

Shell Nigeria Exploration and Production Company Limited (SNEPCo), the deep-water subsidiary of Shell in Nigeria, has announced the appointment of Ronald Adams as its new Managing Director. This was disclosed in an official statement released by Gladys Afam-Anadu, Shell Nigeria’s Media Relations Manager, on Tuesday. Adams, who previously served as Chief Executive Officer of Atlantic […]

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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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