Business Investment Metro Top Story

Lagos Govt given the all-clear for full takeover of LCC, Lekki toll gate owners

Reading Time: 2 minutes The Lagos State Government has been given full powers to take over the ownership of the Lekki Concession Company (LCC). The powers were granted by the Lagos House of Assembly who approved Gov. Babajide Sanwo-Olu’s request for the state to assume full ownership of Lekki Concession Company (LCC) Ltd, a privately owned company. This followed Read More…

Banking Business Investment Top Story

US-based Nigerian billionaire to invest N3bn in Fidelity Bank

Reading Time: 3 minutes Dr Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing efforts to invest three billion naira ($6.8million) in Fidelity Bank through shares acquisition. Adigun told the News Agency of Nigeria (NAN) in a telephone interview, on Wednesday, that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of Read More…

Business Investment Power Top Story

AfDB approves US$7m to transform mini-grid investment in Africa

Reading Time: 2 minutes Image Credits: iStockphoto.com/zhengzaishuru, Robert Hack/Rolls Royce. The Board of Directors of the African Development Bank (AfDB) has approved a US$7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Read More…

Business Infrastructure Investment Stocks Top Story

Stockbrokers urge FG to use investment opportunities to fill infrastructure gap

Reading Time: 2 minutes Image Credits: Alex Majoli/MAGNUM PHOTOS, profimedia.cz. The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit. The CIS President, Mr Olatunde Amolegbe, said this in a statement on Sunday in Lagos. Amolegbe said that the Nigerian Read More…

Business Featured Investment

NIPC releases ‘The Book Of States’, for launch in Q1 2021

Reading Time: < 1 minutes The Nigerian Investment Promotion Commission (NIPC) says its “Book of States” to be launched formally in first quarter of 2021 is now available on its website for general public to download. The maiden edition of the document was released on Friday on NIPC’s website, nipc.gov.ng The Book of States which was prepared by NIPC with Read More…