Reports from Sky News suggest a potential milestone agreement between Manchester United’s American owners, the Glazer family, and British billionaire Jim Ratcliffe. The deal, set at $33 per share, signifies Ratcliffe’s acquisition of a significant 25% stake in the revered English soccer club. This impending deal, expected to be finalised imminently, marks the conclusion of Read More…
Tag: investment
NNPC restores 275,000 BPD production following resolution of industrial action
In a recent development, Nigeria’s state oil firm NNPC Ltd announced on Sunday that it successfully restored 275,000 barrels per day (bpd) of oil production at its joint venture unit with Total Energies after resolving an industrial action by workers. According to NNPC’s statement, “The unions have agreed to suspend ongoing industrial action leading to Read More…
Saudi Arabia commits to overhaul Nigeria’s oil refineries in landmark agreement
In a groundbreaking development, Saudi Arabia has pledged a significant investment in the comprehensive overhaul of Nigeria’s ageing oil refineries. The commitment was sealed during a bilateral meeting between Nigerian President Bola Tinubu and Saudi Crown Prince Mohammed bin Salman on the fringes of the Saudi-Africa summit in Riyadh. Under President Tinubu’s ambitious reforms, aimed Read More…
Lagos State secures $1.35 billion investment for infrastructure Projects
Lagos State Governor Babajide Sanwo-Olu announced a significant investment deal worth $1.35 billion with the African Export-Import Bank (Afreximbank) and Access Bank, aimed at boosting infrastructure development in the state. The announcement was made during the second AfriCaribbean Trade and Investment (ACTI) Forum in GeorgeTown Guyana. Governor Sanwo-Olu emphasised that this substantial investment would have Read More…
Nigeria secures nearly $14 billion investment pledges from India
Nigeria has successfully garnered investment pledges totalling almost $14 billion from Indian investors, signalling a growing economic partnership between the two nations. Ajuri Ngelale, a presidential spokesperson, made the announcement and highlighted important investment commitments: President Bola Tinubu, representing Nigeria as a guest country at the upcoming G20 summit in New Delhi, played a pivotal Read More…
UK announces £49 million investment in African climate change initiatives
The United Kingdom has unveiled its commitment to invest £49 million in projects aimed at combating climate change across Africa. This announcement comes ahead of the inaugural Africa Climate Summit, scheduled to be hosted by Kenya from 4th to 6th September. The projects are expected to focus on mobilising financial resources for climate action and Read More…
Usain Bolt to sue for missing $12.7 million from Jamaican investment firm
Olympic champion Usain Bolt wants to get back more than $12.7 million that went missing from his account with a Jamaican investment firm. Bolt’s lawyer says Bolt is ready to go to court if that is what it takes to get the money back. Bolt was alerted last week that his account balance at Kingston-based Read More…
Lagos to generate $10bn in agriculture investment by 2025 – Sanwo-Olu
The Lagos State Governor, Mr Babajide Sanwo-Olu, on Thursday said that the state was expected to generate $10 billion in the agriculture sector in the next five years. Sanwo-Olu said this during the official inauguration of the five-year Agricultural and Food Systems Roadmap in Lagos. He said that most of the investments were expected to 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…