A big thank you to our clients and partners for a successful 2018. We look forward to achieving even more in 2019! Best wishes to you all -and until 7 January when we resume business!

A new Lagos-based airline, Green Africa Airways, and an aircraft manufacturing company, Boeing, have concluded a deal of $11.7bn for 100 B737 MAX 8 aircraft for the airline’s fleet. Boeing announced on its website on Friday that the deal would be evenly split into 50 firm aircraft and 50 options, as the airline is set to begin commercial operations…
 
More details through:
https://punchng.com/local-airline-boeing-seal-11-7bn-aircraft-deal/         

Global alternative asset manager, the Carlyle Group (NASDAQ: CG), has announced its investment of $40 million in Wakanow.com Limited (Wakanow). Wakanow is an online travel agency focused on West and East Africa, with major operations in Nigeria…
 
More details through:
https://guardian.ng/business-services/carlyle-group-invests-40-million-in-wakanow-com/

About 60 million Nigerians invest N1.6 trillion to buy and maintain standby generators  yearly, the Director-General, National Environmental Standards and Regulations Enforcement Agency (NESREA), Lawrence Anukam…
 
More details through:
http://thenationonlineng.net/nesrea-nigerians-spend-n1-6trl-generators-yearly/
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The insurance industry recorded 22 percent increase in gross premium income, year-on-year, to N315 billion in the third quarter (Q3’18) from N258 billion recorded in the corresponding period of 2017 (Q3’17)…
 
More details through: 
https://www.vanguardngr.com/2018/12/insurance-industry-grows-premium-by-22-in-q318-2/
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The maritime industry is projected to spend $1.6 billion on tugboats and other vessels in the next five years. The Nigerian Content Development and Monitoring Board (NCDMB) Executive Secretary, Simbi Wabote, disclosed this in Lagos. He urged local ship owners to acquire the best vessels that would give them profitability…
 
More details through:
http://thenationonlineng.net/nigeria-spend-1-6b-tugboats-others/

Pizza Hut, a division of Yum! brands, has announced the opening of its first restaurant in Nigeria, with two more expected by the end of the year.
 
“We are thrilled to bring Pizza Hut to Nigeria as we continue our African expansion.  This is our 14th country launch in sub-Saharan Africa in the past four years, we are fast becoming Africa’s Pizza of Choice,” a statement quoted the General Manager, Pizza Hut Africa, Ewan Davenport, as saying…
 
More details through:
https://punchng.com/pizza-hut-to-open-three-outlets-in-nigeria/  

Nigeria’s Mobile Network Operators gained about 1.89 million new active Internet users to reach 109 million in November, the Nigerian Communications Commission has said.
 
The Executive Vice Chairman, NCC, Prof Umar Danbatta, while addressing journalists at an industry forum in Lagos on Friday, said that this represented a 1.8 per cent growth from 107,106,975 Internet users recorded in October…
 
More details through:
https://punchng.com/nigeria-gained-1-89-million-new-internet-users-in-nov/      

The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of $410m.
 
According to the Transmission Company of Nigeria, some of the lines, which are currently being constructed, will carry increased megawatts of electricity, as opposed to what obtained in many other transmission lines…
 
More details through:
https://punchng.com/afdb-funds-410m-power-transmission-expansion-projects/
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Total number of ac tive voice subscriptions in Nigeria telecom services sector has reached an impressive 169 million, the Nigerian Communications Commission, NCC, has stated…
 
More details through: 
https://www.vanguardngr.com/2018/12/nigerias-active-telephone-subscription-hits-169m/