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$9bn Dangote refinery to commence test production by May

Dangote Industries Group has disclosed that its fertilizer plant would be ready for operations in May 2019. This is even as the Group revealed that plans are also in place to start selling petrol, diesel and aviation fuel by early 2020 on completion the huge refinery being constructed in Lekki. Speaking to newsmen during the […]

Growsel’s Agric crowdfunding program Receives Software Donation Boost From Oracle NetSuite

Growsel, the award-winning nonprofit agricultural crowdfunding organization of the 2018 Visa Everywhere Initiative Award for Financial Inclusion (Sub Saharan Africa edition), has received a software donation from for growing social enterprises. With the strength of NetSuite, Growsel will be able to operate more efficiently, freeing up resources to help it focus on its core mission of […]

Abuja Chamber to facilitate economic ties between Nigeria and India

Nigeria and India have renewed commitment to deepen their traditional economic ties with the Organised Private Sector (OPS) playing the pivotal role in order to synergise efforts that will develop and sustain activities between the two countries. This commitment was made in Abuja on Tuesday, when the Indian High Commissioner to Nigeria, Mr. Abhay Thakur […]

African Energy Chamber and the Oil Industry Congratulates Equatorial Guinea’s Government on Setting Up One-Stop Shop

The African Energy Chamber  welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the country. “The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the country at par with global standards, […]

NMCO: 7,000 mining licences issued in eight years, revokes 2,500

According to the Nigerian Mining Cadastre Office (NMCO), the Federal Government has issued more than 7,000 licences in the last eight years out of which only 4,500 subsist. The outgoing Director-General of NMCO, Mr Mohammed Amate, disclosed this at an interview with journalists during an event to handover to a newly appointed Director-General in Abuja […]

NEXIM, SMEDAN sign MOU to promote SMEs’ exporters

The Nigerian Export-Import Bank (NEXIM)  and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are collaborating to promote exports by the Small and Medium Enterprises (SMEs) in the country. To guarantee this collaboration, both agencies have has signed a Memorandum of Understanding (MoU) to this effect. NEXIM said: “The MoU was aimed at […]

234Finance introduces ”Mentor Matchup Challenge” for start-ups

234Finance has introduced a fresh perspective on entrepreneurship with the introduction of Mentor Matchup Challenge 2.0. 234Finance.com, an online platform which promotes African entrepreneurship,  said the aim was to bridge the gap between investors and early startups in Africa’s emerging market. At an event in Lagos, the firm  gathered established and emerging entrepreneurs or representatives […]

Olu Oyinsan Launches $10m Venture Fund for Early Stage Startups in Nigeria

Serial entrepreneur and former Vice President of Ingressive Capital, Olu Oyinsan, has launched a venture fund, Oui Capital, to provide funding for high growth seed stage startups in Nigeria. The venture fund, established in partnership with a former software engineer at IBM and Techstars, Francesco Andreoli, also aims at offering mentorship services from technology and industry experts […]

China sets model for Africa e-commerce

China, whose digital economy has experienced massive growth over the last decade, stands as a good model for Africa as the continent moves toward enhancing its engagement in e-commerce and the evolving digital economy, according to the industry panelists at the recent Africa e-commerce Week conference. The participants at the conference, held in the Kenyan […]

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