OLX Group to invest $400 million in FCG, the parent company of Cars45

OLX Group has announced plans to invest up to $400 million (₦144.6 billion) in Frontier Car Group (FCG), a used car marketplace group and the parent company of Lagos-based Cars45. Last year, OLX (which stands for online exchange) invested $89 million (₦32.1 billion) in FCG. And with this new investment, OLX…

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INVESTMENT OPPORTUNITIES IN THE MARITIME INDUSTRY

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that Nigerians will be able to lift crude oil for export immediately the national fleet comes into operation. Dakuku, who was speaking at the Nor Shipping Conference and Exhibition in Oslo, Norway, recently, said it…

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FG to tackle SME challenges with industrial clusters

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  • Post last modified:June 22, 2018
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The Federal Government is planning to tackle challenges faced by Small and Medium Enterprises (SMEs) through development of industrial clusters, with particular regard to accessing work space and common amenities like internet access, water, power, roads etc. Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, stated this…

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