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American-based financial technology firm, First Access has entered into partnership with Lagos-based ChamsAccess Limited, to improve the use of digital platforms for micro finance banks in order to increase efficiency and market target. The CEO of First Access, Nicole Van Der Tuin, posited that microfinance banks (MFBs) have huge workloads owing to slow manual processes…
More details through: https://businessday.ng/technology/article/first-access-chamsaccess-collaborate-to-enhance-digital-platform-use-for-mfbs/
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The Federal Government is seeking the collaboration of the Indian Government to boost Nigeria’s skill acquisition centres to enhance job creation across the country.
The Minister of Labour and Employment, Dr Chris Ngige, who spoke when he received the Indian High Commissioner to Nigeria, Abhay Thakur, said the partnership would go a long way in resuscitating the over 500 skill acquisition centres across the country… More details through: http://thenationonlineng.net/nigeria-india-to-resuscitate-over-500-skill-centres/ Nigeria spends $60m on the importation of fish annually, the Minister of Agriculture, Chief Audu Ogbeh, has said. Ogbeh said this when he received a delegation of private investors from The Netherlands in his office, according to a statement issued on Thursday by Mrs Oluwakemi Ogunmakinwa…
More details through: https://punchng.com/nigeria-spends-60m-annually-on-fish-imports/ Subscribers to mobile telecommunications services in Nigeria spent about $2.1bn (N767.23bn on airtime purchase from November 2018 to January 2019, investigations have revealed.
This figure is based on the number of subscribers in the three months under review, which was obtained from the Nigerian Communications Commission, and the industry’s Average Revenue Per User provided by network operators… More details through: https://punchng.com/nigerians-spend-n767-23bn-on-airtime-in-three-months/ The value of the logistics sub-sector of the economy currently stands at $700 million (N250 billion), according to the 2018 Logistics and Supply Chain Industry report.
The report presented by the Director General of the African Centre for Supply Chain, Dr Obiora Madu, said that the value of the logistics sector as at 2017 was N200 billion in terms of the value of goods and services as well as the value of the decayed infrastructures… More details through: https://www.vanguardngr.com/2019/03/value-of-nigerias-logistics-industry-hits-n250bn-report/ Solar Nigeria for the People Limited (Solar Nigeria FTP), the Nigerian subsidiary of Solar Philippines has signed a Community Agreement with Ode Omi Community to invest about half a million dollars to build a large rural mini grid. Signing the agreement, the Country Director of Solar Nigeria FTP, Dr. Tobi Oluwatola in a statement, said the project when completed, will electrify 634 households, seven schools, three hospitals, eight religious organizations, and more than 90 businesses in the community…
More details through: https://guardian.ng/energy/firm-ogun-community-partner-on-minigrid-to-electrify-600-households/ KPMG Professional Services says consumer goods and financial services are top attractive investment sectors in Nigeria. The firm disclosed this in its second edition of the KPMG’s report entitled, ‘Doing deals in Nigeria 2019 – Key insights from dealmakers.’…
More details through: https://punchng.com/consumer-goods-financial-services-top-attractive-investment-sectors-kpmg/ The National Automotive Design and Development Council (NADDC) has said that Nigeria spends about N2.88 trillion ($8 billion) on the importation of about 300,000 to 400,000 cars yearly…
More details through: https://www.dailytrust.com.ng/nigeria-spends-n2-88trn-to-import-400000-cars-yearly-naddc.html Transnational Corporation of Nigeria (Transcorp) Plc will scale up its power business with additional investment of about $2.5 billion as the conglomerate seeks to consolidate the profitability of its businesses.
The board and management of the conglomerate yesterday presented the underlying facts behind its operations to the investing public at the Nigerian Stock Exchange (NSE). Chairman, Transnational Corporation of Nigeria (Transcorp) Plc, Mr. Tony Elumelu, said the conglomerate’s power subsidiary, Transcorp Power Limited, will be investing as much as $2.5 billion in power projects to help boost power supply in Nigeria… More details through: http://thenationonlineng.net/transcorp-to-scale-up-power-business-with-2-5b-new-investment/ Pan African multilateral financial institution, African Export–Import Bank (Afreximbank) said it investing $ 1 billion in Nigeria exports Processing Zones (EPZs).
Delivering the 2019 bullion lecture titled: Leveraging The Africa Continental Free Trade Agreement To Boost Nigeria’s Economic Agreement To Boost Nigeria’s Economic Development, its President, Prof. Benedict Oramah said the bank, heaquartered in Cairo, Egypt, is investing in Nigeria Special Economic Zone Company (NSEZCO) which owns various EPZs across the country… More details through: http://thenationonlineng.net/afreximbank-invests-1b-in-nigerias-epz/ |
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