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BUSINESS UPDATES

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NOKIA EXPANDS OPERATIONS

nsn_logo

Nokia Solutions and Networks (NSN) has opened a new office in Lagos and renovated its existing office in Abuja, as part of its expansion programme in the country. Nigeria has become high priority and these offices aim to enhance the company’s operational agility for delivery of its mobile broadband infrastructure for all operators in the country. According to the company, …

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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 …

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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 …

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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 …

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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 …

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