Business News

AIG Nigeria Raises another $225 Million from Goldman Sachs, MTN, Rocket Internet

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian e-commerce firm, Africa Internet Group (AIG), said on Thursday it has raised further funding worth a total of 225 million euros ($245 million) from investors including Goldman Sachs, South African telecoms group MTN and Germany’s Rocket Internet, according to a Reuters report. The report says that […]

FirstBank Advocates Increased Younger Generation Participation at Africa Business Forum

By InvestAdvocate Lagos (INVESTADVOCATE) – Nigeria’s tier one lender, First Bank of Nigeria Limited, on Wednesday advocated increased younger generation participation at the Africa Business Forum 2016. The conference in its fourth series is an annual forum that convenes business leaders across several sectors in Africa and investors seeking to […]

Forex: 200 firms risk closure, says MAN

March 3, 2016 By Anna Okon Of the over 2,000 manufacturing firms in the country, more than 200 will be closing shop in the next two months due to lack of raw materials to continue production, according to findings by our correspondent. The President, Manufacturers Association of Nigeria, Dr. Frank […]