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  • Aruwa launches co-investment vehicle and makes first investment in Nigeria

    Content Types: ArticleRegions & Countries: NigeriaServices: Investment Promotion
    Aruwa Capital Management has launched a $20m West-Africa focused Private Equity co-investment vehicle, which is focused on closing the gender equality gap, and has completed its first investment, in Wemy Industries, Nigeria’s first and only indigenous personal hygiene company.
  • AFC secures $150m Samurai Term Loan Facility

    Content Types: ArticleRegions & Countries: JapanNigeriaIndustries: Banking & Finance
    Africa Finance Corporation (AFC), Africa's investment grade infrastructure solutions provider, has announced the close of general syndication of a minimum $150m dual currency Samurai Term Loan Facility with MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), acting as Mandated Lead Arranger and Bookrunner.
  • Last chance to comment on Draft Hydropower Criteria

    Content Types: ArticleRegions & Countries: AustraliaBrazil...Industries: Banking & Finance
    This is the final call to to hydropower stakeholders from all over the globe to review and provide perspectives on their draft Hydropower Criteria for Climate Bonds.
  • Airtel Nigeria introduces 4G smartphones

    Content Types: ArticleRegions & Countries: NigeriaIndustries: TelecommunicationsInformation Technology
    Nigerian Telecommunications provider, Airtel, announced on Wednesday, 24 July 2019, the introduction of two new 4G Smartphones — the Airtel Diva and Airtel Top Notch. These devices come on the heels of Airtels commitment to accelerate mobile Internet uptake as well as enrich the data experience of telecoms consumers across the country.
  • CarePay ventures into Nigerian market

    Content Types: ArticleRegions & Countries: NigeriaNetherlandsIndustries: HealthcareInformation Technology
    Amsterdam and Nairobi-based health e-payments firm CarePay is expanding to Nigeria following a three-year run in Kenya that generated Sh700 million from four million members enrolled onto its Safaricom-backed M-Tiba platform.
  • Opera founded startup OPay raises $50M for mobile finance in Nigeria

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: Banking & FinanceInformation Technology
    OPay, an Africa-focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding.
  • Nigeria to partner local varsities in US$100.37m programme to revive poultry sector

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Agribusiness
    The Central Bank of Nigeria (CBN) has unveiled a US$100.37 million (N36 billion) university-based programme that seeks to revive the country’s poultry sector.
  • NAFDAC's new policy may affect morbidity and mortality - PSN chairperson

    Content Types: ArticleRegions & Countries: NigeriaIndustries: EducationHealthcare
    The Pharmaceutical Society of Nigeria (PSN) has warned Nigerians of a hike in drug price which might take effect in a few weeks. This impending situation is as a result of the new 350 percent increase in levy imposed on drug and product registration in the country by the National Agency for Food and Drug Administration and Control (NAFDAC).
  • Nigeria’s first ultra-modern agro-commodity market nears completion

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Agribusiness
    Nigeria is set to commission phase one of the Gezawa ultra-modern agricultural produce commodity exchange market in Kano, the first agro-commodity market in the country. The commodity market project consultant Mr. Bimfa Binchang, announced the reports and said that construction works is 80% complete and will soon pave way for phase two and three.
  • Nigeria's cash crop producers get credit facility boost from bankers committee

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Agribusiness
    In a bid to improve production and exports of cash crops in Nigeria, the Bankers Committee has earmarked a credit facility of N200 billion. The disclosure was made by the Managing Directors of UBA Plc and GTBank Plc, Kennedy Uzoka and Segun Agbaje respectively, during a press conference after a meeting.