Agriculture Fast Track Fund set to launch 17 new projects

Posted by - April 12, 2019

The African Development Bank will on Wednesday, April 17, 2019 launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and Medium-sized Enterprises (SMEs) in eight African countries. The AFT Fund is managed by the Agriculture and Agro-Industry Department of the African Development Bank and supports the

BOI, Firm Create N1bn Niger Delta Off-Grid Energy Fund

Posted by - February 15, 2019

The Bank of Industry and All On, a Nigerian off-grid energy investment company backed by Shell, have announced the establishment of a N1bn Niger Delta Off-Grid Energy Fund. They said the fund would provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10 per

Pension Fund Assets Hit N8.63tn

Posted by - February 8, 2019

The acting Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has said total pension fund assets have grown to N8.63 trillion as at December 2018. She disclosed this at the public hearing of the House of Representatives Ad-hoc Committee in Abuja. The committee is mandated to investigate activities of PenCom and alleged violation of

Lafarge Africa to raise N90bn fund for EGM

Posted by - August 30, 2018

In a bid to raise N90billion in fresh capital by way of rights to existing shareholders, the board of Lafarge Africa Plc. has informed Nigerian Stock Exchange (NSE), plans for an Extra-Ordinary General Meeting (EGM), on September 25, 2018, in Lagos. The company will also seek approval “to apply any convertible loan, shareholder loan or

Fidelity Bank Supports Lagos Security Trust Fund

Posted by - July 19, 2018

Fidelity Bank Plc has donated N50 million to the Lagos State Security Trust Fund (LSSTF), as part of its contributions to improving security of lives and property in the state. The cheque was presented by the bank’s Executive Director, Lagos and South-West, Mrs Nneka Onyeali-Ikpe to the Executive Secretary, LSSTF, Dr. Abdulrassaq Balogun, at a

Data Scandal: Indian Billionaire Promises to Fund Facebook Rival

Posted by - March 29, 2018

An Indian billionaire who promised to help fund a rival to Facebook said recently he had been “overwhelmed” with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything from cars to real estate, sparked a flurry of brainstorming as Facebook reels from a scandal