Edukoya raises $3.5m to provide quality secondary school education online

Edukoya, an African-focused online learning platform that empowers learners and their parents to access high-quality education, has raised $3.5 million in a pre-seed round led by Target Global. Participating in the round are angel investors like Shola Akinlade, co-founder/CEO of Paystack, Babs Ogundeyi and Musty Mustapha, co-founders of Kuda, Brandon Krieg and Ed Robinson, co-founders […]

Dangote Refinery To Become Highest Employer Of Chemical Engineers

Dangote Oil Refining Company has made plans to be the highest employer of chemical engineers in the country when the refinery becomes operational from next year. Nigeria as the giant of Africa and one of the largest oil and gas producing country in the world, with her production accounting for 2.5 million barrels per day. […]

Nigeria to save $700 million yearly from sugar master plan: Dangote

Mr Dangote said Nigeria would save between $600 million and $700 million annually as foreign exchange. Chairman, Dangote Sugar Refinery Plc, Aliko Dangote, says the national sugar master plan, when executed as designed, can save Nigeria foreign exchange of over $700 million yearly from the backward integration component. A statement by the company said Mr […]

Jaiz Bank Wins Global Most Improved Islamic Bank Award

Jaiz Bank Plc, Nigeria’s premier non-interest bank was yesterday announced the Most Improved Islamic Bank 2021 in the world by the Global Islamic Finance Awards (GIFA). Chairman of GIFA Professor Humayon Dar congratulated Jaiz Bank for the award, saying the bank was the best out of three organisations considered in that category after long deliberations […]

NNPC will cease to exist within six months – GMD Mele Kyari

Group managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said that the oil corporation will cease to exist within the next six months as specified by the Petroleum Industry Act (PIA).   Kyari who made the disclosure in an interview on Arise TV on Monday August 16, said the corporation would be transformed […]

Paradise Foreshore Estate Launches in Lagos.

Paradise Foreshore Estate Launches in Lagos. ….. As @mikeezu Mike Ezuruonye becomes ambassador PFE, has launched in Lagos providing a pristine waterfront living experience for people who value security, comfort, serenity and impeccable smart home designs. At a launch ceremony in Lagos attended by the crème de la crème in the Nigerian real estate sector, PFE located […]

Dangote Cement Lists N50bn Bonds On NGX, FMDQ

Efforts by quoted companies to fund new projects and expand business activities through long-term sustainable finance option, have received a boost as Dangote Cement raised and listed N50 billion corporate bonds on the Nigerian Exchange (NGX) Limited and FMDQ Securities Exchange Limited. The bonds comprise of N3.64 billion Series one (Tranche A), N10.45 billion Series […]

Customer Base Of Airtel Africa Hits 120.8m In Q1

Airtel Africa Plc grew its customer base by 8.4 per cent to 120.8 million, with increased penetration across mobile, data and mobile money services. Also, the company’s revenue grew by 30.7 per cent to $1.112 billion, as the growth partially benefitted from a weakened quarter in the prior year during the peak of COVID-19 restrictions […]

Dangote Cement Shareholders Approve N272.6bn DividendH

Shareholders of Dangote Cement Plc have approved N272.6 billion as dividend, translating to N16 per share for the year ended December 31, 2020. The shareholders, at the virtual 12th annual general meeting (AGM) held in Lagos commended the management for the full disclosure provided for the year, share buyback process and the various donations made at COVID-19 […]