Business

Nigeria to Partner with Google on AI and digital innovation

Published

2 years ago

February 12, 2025

848 Views

President Bola Tinubu is currently in talks with Google to strengthen the country’s role in artificial intelligence (AI) and digital innovation.

Announcing the discussions on X after meeting Google and Alphabet CEO Sundar Pichai in Paris, Tinubu said the partnership would expand cloud infrastructure, upskill workers, foster AI research, boost cloud adoption, and position Nigeria as a global tech hub.

The President cited Nigeria’s AI progress, including work with Awarri Technologies and the National Centre for AI and Robotics (NCAIR) to develop AI tools and a Large Language Model (LLM) for Nigerian languages.

Tinubu said the talks with google aligns with his Renewed Hope Agenda, with the Communications Ministry and NITDA providing oversight and overseeing implementation.

Tinubu, who is currently in Paris on a private visit, will also attend the AU Summit in Addis Ababa before returning to Nigeria.

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Business

Nigeria’s GDP grew 4.43% in Q2 2026, says NBS

The bureau announced this in its latest GDP report for Q2 2026 , emphasising that the latest growth rate is higher than the 4.23 percent recorded in Q2 2025. That represents a 0.2 percentage-point increase year-on-year.

Published

3 hours ago

August 31, 2026

OCHEFA

12 Views

• President Bola Tinubu

The National Bureau of Statistics (NBS) said on Monday Nigeria’s economy grew by 4.43 percent in real terms in the second quarter of 2026.

The NBS GDP report tracks the performance of Nigeria’s economy across sectors. It is a key indicator for policymakers, businesses, and investors monitoring the country’s economic direction.

Business

Emzor Pharma raises N26.7bn bond to boost local drug manufacturing

The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma Funding SPV Plc, carries a 19 percent coupon over a five-year tenor.

Published

11 hours ago

August 31, 2026

OCHEFA

17 Views

Image: Drugs manufacturing

Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange.

The company is aiming to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility.

The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma Funding SPV Plc, carries a 19 percent coupon over a five-year tenor.

It forms part of the company’s broader N40 billion ($29.6 million) bond issuance programme and represents Emzor’s second domestic bond, following strong investor demand that resulted in the issue being oversubscribed.

The funds are expected to support working capital, expand manufacturing capacity and accelerate the completion of the API facility.