Home / BUSINESS UPDATES (page 10)

BUSINESS UPDATES

Ut wisi luctus ullamcorper. Et ullamcorper sollicitudin elit odio consequat mauris, wisi velit tortor semper vel feugiat dui, ultricies lacus. Congue mattis luctus, quam orci mi semper

WESTERN UNION PARTNER PAGA

Western-Union

Leader in global payment services, Western Union Company, has announced the launch of a new mobile money transfer (MMT) service in Nigeria which increases the reach of Western Union pay-out options in the country. This new service will be integrated directly with Paga, Nigeria’s leading mobile payment platform. This service affords Paga users; the opportunity of receiving a Western Union …

Read More »

IFC TO INVEST $1.5 BILLION IN NIGERIA

OIFC

The International Finance Corporation (IFC) has disclosed its intention of investing the sum of $1.5 billion to support housing and infrastructure development in Nigeria. According to the Executive Vice President of IFC, Mr. Jim-Yong Cai, the investment would focus on housing, transport and other infrastructure especially power. He added that IFC has been following what is happening in the key …

Read More »

NBS CONFIRM 7.7% GROWTH IN NIGERIA’S MANUFACTURING SECTOR

National Bureau of Statistics

The National Bureau of Statistics (NBS) in conjunction with the World Bank has carried out a joint survey which confirms there will be a 7.7 per cent growth in the manufacturing sector. According to the World Bank, the growth pattern was not limited to the manufacturing sector alone but also in the Retail and Sales sector which grew from 22 …

Read More »

NISSAN TO UNVEIL 4X4 SUVs MADE IN NIGERIA

Nissan motor

The Chief Executive Officer (CEO) of Renault-Nissan, Carlos Ghosn, has disclosed that Nissan will unveil a new line of locally manufactured cars at an old Lagos Volkswagen plant by April. He stated that this is in line with Nigeria’s new automotive policy and their interest lies in producing popular cars totally adapted to the needs of Nigerians. According to National …

Read More »

The European Union (EU) TO SUPPORT NIGERIA IN RURAL ELECTRIFICATION

european union

The European Union (EU) has agreed to partner with the Federal Government to ensure the provision of electricity to rural communities not captured in the national grid. To this end, the two have agreed to hold further meetings with a view to working out areas of cooperation towards building enhanced power infrastructure and improve electricity supply to the country. Minister …

Read More »