The Federal Government has disbursed N5.15tn in special intervention funds to the Nigerian military and related security agencies between November 2023 and September 2026, as the country continues to battle terrorism, banditry, kidnapping and other security threats. An analysis of documents from the Federation Account Allocation Committee (FAAC), obtained by The PUNCH, showed that the…
A New York-based artificial intelligence startup, has raised $12 million in funding to automate key processes involved in commercial real estate lending, including loan underwriting, due diligence and loan monitoring. The funding round was led by Cowboy Ventures, with participation from existing investors Timber Grove Ventures, Bling Capital and Max Ventures. CarbonAI develops artificial intelligence…
The company discontinued its operations in Nigeria on Wednesday, September 2, 2026, following a review of its “evolving business priorities and investment focus” across Africa.
“So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said, adding that the goal is to double the refinery’s capacity from its current capacity.