The London Stock Exchange Group has named a fintech firm, Social Lender, alongside 97 other Nigerian companies in its 2019 ‘Companies to Inspire Africa’ report.
 
Social Lender bridges the gap of immediate fund access for people with limited access to formal credit. It is globally recognised as a financial inclusion driver. The report, which identified 360 companies from 32 countries across the African continent with seven major sectors, featured small entrepreneurial businesses and big corporations…
 
More details through:
https://punchng.com/london-exchange-names-nigerian-firms-to-inspire-africa/

The dream for Nigeria to conduct major aircraft maintenance locally and save a substantial part of the over $2 billion spent annually on overseas checks may have materialised with Aero Contractors’ approval to conduct D-check on Boeing B737 classic.
 
Two years ago Aero received certification for Approved Maintenance Organisation (AMO) from the Nigerian Civil Aviation Authority (NCAA) to conduct C-checks on Boeing B737 Classics, which is the major aircraft fleet for scheduled commercial operation in Nigeria…
 
More details through:
https://www.thisdaylive.com/index.php/2019/08/16/nigeria-begins-high-level-aircraft-maintenance-as-aero-upgrades-to-d-check/

Airborne Oil & Gas says it has secured a contract with Addax Petroleum to deliver two gas lift jumpers in Nigeria. The Netherlands-headquartered firm said this would result in its thermoplastic composite pipeline products becoming a permanent application in West Africa for the first time. It said it would supply two 180-metre-long TCP jumpers to support the Sinopec subsidiary’s operations in the Okwori field, off the coast of Nigeria, within an eight-week time frame…
 
More details through:
https://punchng.com/netherlands-based-firm-gets-contract-from-addax/

The Nigerian National Petroleum Corporation, NNPC, Thursday, called on the Chinese government to increase its investment in infrastructural development in the Nigerian petroleum industry, especially as the country’s investments in Nigeria have reached $16 billion…
 
More details through:
https://www.vanguardngr.com/2019/08/chinese-investments-in-nigeria-reach-16bn-nnpc/
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Tranos, Nigeria’s enclosure manufacturing firm, has collaborated with Toyota Motors to manufacture generators that run on Liquefied Petroleum Gas (LPG) for telecoms companies to power their base stations across Nigeria. The move became necessary to combat the theft of diesel, a common product that is easily stolen, at communication mast sites.
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Jude Abalaka, managing director, Tranos, announced this development in Lagos, recently.
According to Abalaka, with regards to the security of telecoms equipment at their over 20,000 base stations across the country, Tranos has come up with innovations that will solve the theft challenges…
 
More details through:
https://businessday.ng/news/article/tranos-partners-toyota-on-lpg-generators-for-telcos/

Xirea apparels Limited officially has opened its World Class factory for business in Lagos. Xirea Apparel commissioned two warehouses (Raw materials and Finished Goods) and the garment factory.
 
A statement from the company said the event also showcased the Launch of West Africa’s first indigenous brand of Personal Protective Equipment(PPE) – Buphalo. Buphalo Active Gear is Xirea’s first customer and showcased its products by hosting Africa’s first ever Safety Fashion runway to the delight of the guests…
 
More details through:
https://www.dailytrust.com.ng/xirea-apparels-opens-factory-in-nigeria.html

A firm, CRC Credit Bureau, in partnership with Fair Isaac Corporation, FICO, an America company, has developed a unique credit rating system, Score, for Nigerian market that helps lenders make quick and informed credit decisions and for individuals’ knowledge of what their credit status is. 
 
Speaking at the launch of the product in Lagos, Managing Director and Chief Executive Officer of CRC Credit Bureau, Mr. Tunde Popoola, said the Score is a three-digit number ranging from 300-850 that summarizes your history of borrowing and paying back loans or post-paid services by allocating a 3-digit number that represents how risky it is to do business with you…
 
More details through:
https://www.vanguardngr.com/2019/08/firm-launches-credit-rating-system-to-nigerian-market/
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Michel Colleau is the general manager, Air France KLM Nigeria & Ghana. In an interview with IFEOMA OKEKE in Paris, he speaks about Air France/KLM redesigned Airbus 330 and how this has improved customer experience on board. He also speaks on Nigeria’s key position in the African market…
 
More details through:
https://businessday.ng/aviation/article/nigeria-is-one-of-our-top-three-biggest-markets-in-africa-colleau/
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The Federal Government, the United States and other stakeholders have mapped out strategies to mobilise $300m to support investment and boost business in the agricultural sector in the country.
 
The fund aimed to reach at least 5,000 small and medium enterprises in order to expand opportunities for agribusiness borrowers and lenders in Nigeria.
 
Vice President Yemi Osinbajo, while speaking during the launch of the initiative in Abuja on Tuesday, said the Federal Government was creating the enabling environment and would ensure coordination among the states, the Federal Government and the US to achieve the target…
 
More details through:
https://punchng.com/nigeria-us-to-mobilise-300m-for-agribusiness/
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In a bid to intensify the fight against drug trafficking, two new body scanners are to be installed at the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja, in the coming weeks.
 
The PUNCH gathered that the location where the scanner would be installed at the Abuja airport was under construction and would be completed in about two weeks while the scanner for the Lagos airport would be installed before the end of September.
 
The installation will increase the number of body scanners at Lagos and Abuja airports to four. Both airports had been using one body scanner each, prolonging the time it takes to process passengers especially at peak periods…
 
More details through:
https://punchng.com/lagos-abuja-airports-to-get-new-body-scanners/
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