LG Energy Solution said it will invest more than $4.5 billion in its United States battery production by 2025 as automakers ramp up production of electric vehicles. The Korean company, which has a joint venture with U.S. automaker General Motors, said the investment will help create 10,000 jobs, including subcontractors. GM and LG are currently
Oil and gas giant Royal Dutch Shell Plc, Plans investing $2 billion in Kano Electricity Distribution Company (KEDCO) in the next three years. According to the Managing Director of Kano Electricity Distribution Company (KEDCO), Jamil Isyaku Gwamna, he said that, the company’s plan to improve and expand the distribution segment of the power value chain
Mastercard will invest $56 million in Jumia, a pan-African e-commerce platform, ahead of the New York IPO on the New York Stock Exchange (NYSE) of the United States. Jumia said Mastercard Europe SA has agreed to purchase €50.0 million ($56 million) of ordinary shares in a concurrent private placement at a price per share equal
The Nigerian Content Development and Monitoring Board (NCDMB) has signed a $10 million equity investment agreement with Waltersmith Refining and Petrochemical Company Limited for the construction of 5,000 barrels per day modular refinery to be located at Ibigwe, Imo State. The Executive Secretary of NCDMB, Mr. Simbi Kesiye Wabote and the Director of Finance and
