Investment

Showing: 21 - 30 of 143 Articles
Investment Manufacturing/Industry

UK signs $40.5m investment agreement with Nigerian agrobusiness firm

Abuja, Feb. 19, 2025 – British International Investment (BII), the UK’s development finance institution, has signed a $40.5 million investment deal with Johnvents Group, an agribusiness industry in Nigeria. The deal, which is enhance cocoa processing in Nigeria, was signed in Abuja on Tuesday. Jonny Baxter, the British Deputy High Commissioner in Nigeria, while speaking at the agreement signing ceremony, said: “The UK is proud to back first-class sustainable investment that is creating jobs and mutually beneficial partnerships across Nigeria. “Through this landmark agreement between the UK’s development finance institution, …

Investment Money market

Nigerian economy improving with higher potential to attract foreign investments –  Edun

Abuja, Feb. 7, 2025 – Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, says the country’s economy is gradually improving with higher potential for foreign investments. Edun said this on Thursday while receiving a delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud. Edun said the Nigerian economy had stabilised through the economic measures of the federal government as indicated by the improved Gross Domestic Product (GDP) and strengthened trade balance. The minister listed some of the economic reforms …

Business Planning Investment

Nigeria showcased readiness for investments at Davos – TMV

Abuja, Jan. 30, 2025 – The Tinubu Media Volunteers has applauded the President Bola Tinubu administration for using the attendance at the World Economic Forum at Davos Switzerland to showcase Nigeria’s preparedness for foreign direct investments. The group said it noted the positive exposure of the business opportunities in the country to the gathering of world leaders as encapsulated in the revelation by the Minister of Finance Mr. Wale Edun to the Bloomberg media that the implementation of critical reforms has stabilized the Nigerian economy. A statement signed by Chukwudi …

Business Planning Investment Manufacturing/Industry

Prospects of aircraft manufacturing plant in Nigeria signify a boom in national economy – TDF

Abuja, Jan. 28, 2025 – The plan for an aircraft manufacturing centre in Nigeria is a reflection of the conducive environment for business under the President Bola Tinubu administration. The Democratic Front (TDF) said this in on Tuesday in a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo. It said the move was prompted by the new wave of investor-friendly policies put in place by government.  “We believe that the encouraging results from President Bola Tinubu’s economic reforms have attracted the vast interests from investors across …

Business Planning Entertainment Investment

CNN to lay off hundreds of employees as post-inauguration transformation begins

Beijing, Jan. 23, 32025 – CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter. The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes. Certain shows that are produced in New York or Washington may move to Atlanta, where production can …

Business Planning Investment Manufacturing/Industry

Germany’s economic minister warns Europe against overtly relying on US

Berlin, Jan. 21, 2025 – Robert Habeck, Germany’s Economy Minister on Tuesday warned Europe against becoming overly reliant on US energy and urged the region to stick together in response to the new Donald Trump administration. Europe should “meet the Trump administration with an outstretched hand, but not have our hand cut off,” he said Tuesday at the Handelsblatt energy summit in Berlin, responding to the climate and energy directives Trump launched hours after taking office. The European Union should define its own interests, said Habeck, who is the Green Party’s lead candidate for …

Investment Money market

BoI signs $50m loan portfolio guarantee agreement with African Guarantee Fund

Abuja, Jan. 20, 2025 – The Bank of Industry (BoI) has signed a $50 million loan portfolio guarantee agreement with the African Guarantee Fund (AGF) to provide funding for MSMEs and women-owned businesses in Nigeria. Dr Olasupo Olusi, the Managing Director of the BoI, said this in a statement on Monday. He said the loan agreement was signed in recognition of the critical nature of Credit Guarantee Instruments (CGIs) in fulfilling BoI’s its mandate. Olusi stressed the need for the establishment of a CGI in Nigeria, especially now that the …

Investment Money market

Credit Guarantee Instruments: A path to financial inclusion and economic growth for Nigeria

By Dr Olasupo Olusi, Managing Director, Bank of Industry Introduction In Nigeria’s bustling markets and commercial districts, millions of business owners share a common struggle: accessing tailored financing needed to scale-up their operations. A furniture maker in Benin City, Edo State, requires capital to purchase modern equipment but lacks the type of collateral acceptable to financial institutions. In Aba, Abia State, a garment producer with booming demand struggles to expand her operations due to high-interest rates on loans. In Jos, Plateau State, a vegetable farmer needs credit to invest in …

Business Planning Investment

Nigeria’s $7.6bn fresh investment commitment, a sign of buoyant 2025 – TMSG

Abuja, Jan. 15, 2025 – The Tinubu Media Support Group (TMSG) has described the $7.6 billion fresh investment commitment for Nigeria announced by the Africa Development Bank (AfDB) as a sign of a buoyant 2025 for Nigerians. In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group said the latest Foreign Direct investments (FDIs) interest which were unveiled at the Africa Investment Forum 2024 signify a solid affirmation that Nigeria remains one of Africa’s most attractive investment destinations. The TMSG said: ” It is only …

Investment Manufacturing/Industry

Trump’s tariff threat spurs auto suppliers to rethink production plans

Las Vegas, Jan. 9, 2025 – Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according to industry executives at CES in Las Vegas. The auto industry has already experienced eight years of U.S. protectionism, from real and threatened tariffs during Trump’s first term and then more tariffs and the U.S. Inflation Reduction Act under President Joe Biden. Most of those measures were aimed squarely at China, in …