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Tolaram Group, promoter of Lagos Free Trade Zone and Lekki Deep Seaport projects, has extended its hunt for fresh foreign direct investment (FDI) into the multi-billion projects in the Ibeju-Lekki axis of Lagos State, to companies in Singapore.

The infrastructural developer, which is... More...

BUA Group says its $300 million investment in Lafiagi Sugar Company, LASUCO, in Kwara State would help grow the country’s sugar output by two million tonnes (mmt) per annum.

Speaking to journalists in Abuja, Managing Director, BUA Sugar, Mr. Ibrahim Yaro, said BUA is serious and is ever... More...

Mr. Adi Hartadi, the Head of Investor Relations of PTPP (Persero) Tbk, partners to PT Intim Perkasa Nigeria Ltd, who disclosed this in Abuja during a business meeting with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, stated that the... More...

German group Soventix GmbH will develop solar projects in Nigeria under a joint venture with local construction company Gentec EPC.

The joint entity, called Soventix Hybrid Ltd, will initially focus on the development of industrial rooftop photovoltaic (PV) plants that will complement the... More...

Ensco plc has secured three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional years of options.

The ENSCO DS-4 is expected to begin a two-year contract with Chevron offshore Nigeria in August. The contract also... More...

The Senate yesterday approved part of the 2016-2018 External Borrowing Plan pertaining to the Lagos, Kano railway modernisation project (Lagos-Ibadan segment double track).

The upper chamber also endorsed the World Bank-supported reconstruction and rehabilitation of the Northeast at $1.... More...

Google has ranked Nigeria the first in Africa and eighth in the world in terms of Internet growth having 91 million Internet users.

The company’s Country Manager in Nigeria, Juliet Ehimuan-Chibuzor, stated this on Friday, a day after the ‘Google for Nigeria ‘ event in Lagos.

She... More...

Early-stage investment platform Microtraction has launched in Nigeria, planning to invest US$65,000 in startups at the very earliest stage of their development.

Launched by Yele Bademosi, a former country manager of Starta, Microtraction will invest over two stages. Initially it will... More...

Abia Governor, Mr Okezie Ikpeazu, on Sunday said plans had been concluded for the establishment of an Export Processing Zone (EPZ) in the state.

He said that the facility would be located in the 9,000 hectares of land designated as Enyimba Industrial City.

Ikpeazu made the... More...

Flour Mills of Nigeria Plc. (FMN), says it has increased its stakes in ROM Oil Mills (ROM), from 90% to 95 per cent. In a statement to the Nigerian Stock Exchange (NSE) on Monday, the company said that with the development, the Shahimi family (ROM Oil’s founding family) jointly own five per cent... More...

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