Green Africa, a start-up value airline, based in Lagos is set to commence flight operations with ATR 72-600 planes.
 
A statement signed by its Founder and Chief Executive Officer, Babawande Afolabi, on Thursday said the airline deferred 50 of its A220-300 planes and will now move ahead with the ATR 72-600. The CEO said the airline planned to deploy up to 15 aircraft across Nigeria by December 2022 and open two to three additional airport bases within the country over the next 12-18 months…
 
More details through:
https://punchng.com/green-africa-to-deploy-15-aircraft-across-nigeria/

Nigerian Breweries (NB) Plc said it expended over $87.8 million (N36 billion) in capital investment into its operations across Nigeria during the 2020 financial year and has recommended a N7.7 billion special scrip dividend scheme for its shareholders for the year.
 
Speaking at a virtual pre-AGM media briefing of the company, Managing Director, Jordi Borrut Bel, said aside from the investment, the company recorded significant growth in sales volume in the 2020 financial year despite the impact of the COVID-19 pandemic on businesses…
 
More details through:
https://www.vanguardngr.com/2021/04/nb-invested-n36bn-in-nigeria-in-2020/
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The Minister of Agriculture and Rural Development, Sabo Nanono, has disclosed that Nigeria generated $150 million from the export of coconut oil and its derivatives in 2020.
 
He also disclosed that coconut accounts for 10 percent of the nation’s agricultural exports and is expected to generate about $250 million by 2021. Nanono made this known during the training of coconut farmers organised by the Federal Ministry of Agriculture and Rural Development(FEMARD) in collaboration with the Nigerian Institute for Oil Palm Research (NIFOR) in Benin. Represented  by Mr. Bernard Ukattah, Deputy  Director, FEMARD, Nanono said coconut was a major non-oil export foreign exchange earner for Nigeria which provides livelihood for over 500, 000 families mostly women and youths in the country…
 
More details through:
https://www.sunnewsonline.com/nigeria-earned-150m-from-coconut-oil-in-2020-targets-250m-in-2021-minister/
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The Federal Government is about to start four rail line projects in various parts of the country, the Minister of Transportation, Rotimi Amaechi, announced on Friday.
 
Amaechi announced this while speaking in Abuja at the annual ministerial press briefing on programmes, projects and activities of the Federal Ministry of Transportation and its agencies. He outlined the four rail projects which the government was about to start to include the Ibadan-Kano, Port Harcourt-Maiduguri, Kano-Maradi and Lagos-Calabar rail lines…
 
More details through:
https://punchng.com/fg-about-to-start-four-new-rail-projects-amaechi/

Vice President Yemi Osinbajo on Thursday launched an ambitious programme by the Federal to supply electricity to 25 million Nigerians through Solar Home System, SMS. The Solar Power Naija Programme plans to roll out five new connections in off-grid communities across the country.
 
Speaking at the launch of the 100,000 Solar Home System in Jangefe community, Kazuare Emirate, Jigawa State, Prof. Osinbajo said government was determined to bring power to unserved communities as part of the Nigerian Economic Sustainability Plan of the President Muhammdu Buhari’s administration.
 
More details through:
https://www.vanguardngr.com/2021/04/fg-targets-25m-nigerians-with-solar-home-system/

Suleiman Babamanu is helping the Rural Electrification Agency of Nigeria implement the country’s largest investment in solar energy.
 
Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power program started in disappointment. After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Corp. A job in the industry—Nigeria is Africa’s biggest oil producer—would have been a traditional route, and a lucrative one. But he couldn’t find employment.
 
This was about 2010, when the growth of clean energy around the world made it start to seem like a potential career path. The industry hadn’t gained much traction in Nigeria, and he set aside the idea, until a conversation with a relative persuaded him to reconsider.
NNPC To Establish Gas Power Plant In Borno…
 
More details through:
https://www.bloomberg.com/news/articles/2021-04-08/nigeria-bets-on-solar-to-power-its-covid-recovery
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Eat’N’Go limited, the leading Quick Service Restaurant operator in Nigeria and Master Franchisee for world-class food brands – Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt, today announced its expansion into East African market. This comes after the successful acquisition of the franchisee which operated Cold Stone Creamery and Domino’s Pizza in Kenya.
 
This acquisition will see Eat’N’Go limited become the largest Domino’s pizza and Cold Stone Creamery Master Franchisee in Africa with operations in Nigeria and Kenya. Since its entrant to Nigeria in 2012, the leading Quick Service Restaurant company has grown exponentially and continuously nurtured the drive to extend its footprint across the African market. This acquisition provides them their first foreign market expansion, making them a Pan African company with a total number of 147 outlets across Africa and a projection to reach 180 stores by end of 2021…
 
More details through:
https://www.thisdaylive.com/index.php/2021/04/08/eatngo-expands-to-east-africa-acquires-dominos-pizza-and-coldstone-franchise-in-kenya/

About 53 percent of payment through electronic channels was made by Nigerians living in five states, according to an April report by Nigerian Inter-Bank Settlement System (NIBSS). Lagos State continues to dominate the market with 30 percent of total transactions initiated by its residents. The other four states to contribute the highest transaction volumes…
 
More details through:
https://businessday.ng/technology/article/lagos-fct-3-others-account-for-53-e-payment-in-2020/
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To check gas flaring in the country, operators in the gas industry have been asked to leverage a $500 billion funding arrangement between the Bank of Industry (BoI) and the Bank of China (BOC) to finance the import of equipment for flare Gas capture.
 
The arrangement which requires the intending borrowers to advance about 25 per cent of their funding needs and import their equipment from China, is expected to check flaring activities in the country.
 
The operators also asked the Federal Government to remove all forms of royalties on locally consumed gas, noting that Nigeria must enhance the fiscal and operational policies required to attract the right investments to realise the objectives and aspirations outlined within the nation’s Gas programmes…
 
More details through:
https://guardian.ng/energy/operators-to-leverage-500b-equipment-financing-to-check-gas-flaring/
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Nigeria’s leading container terminal operator, APM Terminals Apapa, has acquired seven new forklifts to facilitate customs examination and improve the movement of heavy materials at the terminal.
 
Chief Operating Officer of APM Terminals Apapa, Steen Knudsen, said the new equipment, which include six 5tons and one 16tons forklifts, will enable the efficient performance of tasks at the Customs examination bay and other units without having to share forklifts with other teams.
 
Recall that APM Terminals Apapa last year announced a fresh investment of $80 million for the year 2020-2021, bringing the total investment by the company since 2006 to $438 million (approximately N168 billion), the highest investment by any terminal operator in Nigeria…
 
More details through:
https://www.sunnewsonline.com/apmt-apapa-acquires-more-equipment-to-aid-customs-inspection/
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