The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers.
The Nigerian Stock Exchange is pleased to announce that it has committed N100million to support the fight against Coronavirus (COVID-19) in Nigeria. N60million out of this sum will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the balance N40million will be devoted to the “Masks For All Nigerians” campaign.
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AFEX Commodities Exchange Limited has signed memorandum of understandings (MOU) with FMDQ Holdings Plc and the Dubai Gold and Commodities Exchange (DGCX) to develop products that would deepen the Nigerian capital market and provide new market opportunities for the commodities traded in both exchanges respectively.
Lagos State Government has opened a new chapter in its stride towards attaining self-sustenance in finance and governance. Governor Babajide Sanwo-Olu on Wednesday, signed documents for the issuance of N100.33 billion bond, which the State raised from capital market to fund infrastructure and pressing capital projects.
The energy sector attracted $370.45 million within the period under review. Major investors in the sector include Daystar Power, Arnergy, Virtus and Green Energy International Ltd. Funds raised in the sector were majorly series funding and equity.
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.