Alphabet Inc’s (GOOGL.O) Google is leading a $36 million funding round for Bengaluru-based Pixxel, a satellite-image startup, in the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel, founded in 2019, is building a constellation of satellites that have the ability to identify …
Read More »CBN multiple exchange rates may increase debt burden – W’Bank
The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled ‘Parallel Exchange Rates: The World Bank’s Approach to Helping People …
Read More »China pledges Increased Economic Cooperation with Nigeria
Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China who met with President Bola Tinubu at …
Read More »Fuel Subsidy Removal: Tinubu meet Emiefele and Kyari
President Bola Tinubu on Tuesday met behind closed doors with the Governor of the Central Bank of Nigeria ( CBN), Godwin Emefiele and the Managing Director of the Nigeria National Petroleum Company Limited ( NNPCL), in an apparent effort to address the fallout of fuel subsidy removal. The meeting was …
Read More »Olusegun Awolowo pays farewell visits to Osinbajo and Adebayo
The Secretary, National Action Committee on African Continental Free Trade Area (AfCFTA),Olusegun Awolowo on Friday paid farewell visits to His Excellency, Professor Yemi Osinbajo and Hon. Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo. It will be recalled that Olusegun Awolowo served two terms as Executive Director/ Chief …
Read More »Tony Elumelu: His Advice for Rapid Business Growth
As Chairman of Heirs Holdings, Tony Elumelu’s extensive experience in building successful businesses in Africa provides valuable advice for rapid business growth. Elumelu is credited for leading a small group of investors to invest $5 million into a distressed Nigerian bank, Crystal Bank, which was later renamed (Standard Trust Bank). …
Read More »CAC Launches Register of Persons with Significant Control of Companies
Nigeria’s foremost Company Registry,the Corporate Affairs Commission has launched the Beneficial Ownership Register, also called Register of Persons with Significant Control. Presenting the Register yesterday at a well attended ceremony made up of World Bank officials ,delegation from Registries of other countries including Zambia and other stakeholders,the Hon.Minister of Industry, …
Read More »CAC Launches Register of Persons with Significant Control of Companies
Nigeria’s foremost Company Registry,the Corporate Affairs Commission has launched the Beneficial Ownership Register, also called Register of Persons with Significant Control. Presenting the Register yesterday at a well attended ceremony made of World Bank officials ,delegation from Registries of other countries including Zambia and other stakeholders,the Hon.Minister of Industry, Trade …
Read More »CAC Launches Register of Persons with Significant Control of Companies
Nigeria’s foremost Company Registry,the Corporate Affairs Commission has launched the Beneficial Ownership Register, also called Register of Persons with Significant Control. Presenting the Register yesterday at a well attended ceremony made of World Bank officials ,delegation from Registries of other countries including Zambia and other stakeholders,the Hon.Minister of Industry, Trade …
Read More »CAC Launches Register of Persons with Significant Control of Companies
Nigeria’s foremost Company Registry,the Corporate Affairs Commission has launched the Beneficial Ownership Register, also called Register of Persons with Significant Control. Presenting the Register yesterday at a well attended ceremony made of World Bank officials ,delegation from Registries of other countries including Zambia and other stakeholders,the Hon.Minister of Industry, Trade …
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