British billionaire Jim Ratcliffe finalised a momentous deal on Sunday, acquiring a long-awaited 25% stake in Manchester United and committing to inject $300 million into the Premier League club to reignite its fortunes. The agreement, marking Ratcliffe’s INEOS group taking charge of the club’s soccer operations, concludes a period of uncertainty following the Glazer family’s Read More…
Investment
Lagos State’s pivotal role in the Lord Mayor’s Show spurs bilateral ties, says Coronation Group
Nigeria’s Lagos State took a pioneering stride in the 805-year-old Lord Mayor’s Show, marking a significant gateway for the Coronation Group to bolster bilateral relationships, especially with the United Kingdom. Aigbovbioise Aig-Imoukhuede, the Managing Director of Coronation Asset Management Ltd., highlighted the pivotal role of Lagos State’s participation in propelling Nigeria towards enhanced global collaborations. Read More…
Lagos State’s historic participation at Lord Mayor’s show sets stage for future collaborations and investments
EnterpriseNGR, a policy and advocacy group, asserts that Lagos State’s involvement in the Lord Mayor’s Show will pave the way for future collaborations and investments, propelling sustainable economic development in Lagos and Nigeria. Expressing optimism, Mr. Aigboje Aig-Imoukhuede, Chairman of EnterpriseNGR, highlighted the significance of this milestone, emphasising its role in advancing Lagos towards becoming Read More…
Consul General of India in Lagos celebrates Indian investors as largest group in Nigeria
Chandramouli Kern, the Consul General of India in Lagos, has highlighted the significant role of Indian investors in Nigeria, noting that they have emerged as the leading investors in the country with over a cumulative investment of $27 million and a presence of no fewer than 200 Indian companies. He made these remarks while inaugurating Read More…
The imperative of Diaspora investments in Nigeria’s trying times
As local and foreign stakeholders countdown to the Sixth Nigerian Diaspora Investment Summit, it is essential to underscore the criticality of the contributions of our kin outside the homeland but with their hearts at home. Diaspora investments in Nigeria’s trying times are imperative for several reasons. Diaspora remittances constitute a significant source of foreign exchange Read More…
President Bola Tinubu holds crucial discussions with Indian investor ahead G20 summit
President Bola Tinubu has embarked on a significant meeting with an investor in India as part of his official visit to the country ahead of the G20 Summit scheduled for this weekend. Chief Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, revealed in a statement that President Tinubu started talking as soon as Read More…
Lagos to become Africa’s model mega city by 2052 – Sanwo-Olu
The governor of Lagos State, Babajide Sanwo-Olu, says that there is a plan to make Lagos the model megacity for all of Africa by 2052. At the 9th Ehingbeti Lagos Economic Summit, which took place on Victoria Island on Tuesday, Sanwo-Olu revealed this. He said that the government had put in a lot of work Read More…
Lagos Govt given the all-clear for full takeover of LCC, Lekki toll gate owners
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…
US-based Nigerian billionaire to invest N3bn in Fidelity Bank
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…
AfDB approves US$7m to transform mini-grid investment in Africa
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 Acceleration Programme (AMAP), which aims to Read More…