MTN is Nigeria’s largest telecoms operator, but faced numerous issues with the country’s authorities during the past two years, leading to revelations directors were discussing quitting the market if the “endless hostilities” it faced continued.
Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts toward boosting foreign exchange and job creation in the country.
Four renewable energy projects in developing countries in the Pacific and Africa have been identified by Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) to receive USD 44.5 million in funding.
The Nigerian National Petroleum Corporation, NNPC, has stepped up collaboration with the reputable multinational oil service company, Schlumberger, in the deployment of state-of-the-art technology in the ongoing search for commercial hydrocarbon deposits in the Chad basin and other parts of the inland sedimentary basins.
Heritage Bank Plc has disclosed plans to partner in the ongoing efforts to revolutionise the country’s agricultural value-chain, particularly the rice farming.
The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account.
In an effort to make the internet a safe and secure environment for communities, Facebook has partnered with the International Centre for Leadership Development Nigeria (ICLDNG) to launch a safety center for teenagers, parents and educators.
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
First Bank of Nigeria Limited has increased transfer transaction limits on its FirstMobile Lifestyle app from N500,000 to a maximum daily limit of N1 million.
Data Science Nigeria will host a learning bootcamp for young data scientists in an aim to address the capacity gaps in Data science for beginners, intermediate and experts.
Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35 billion comes from Foreign Direct Investments (FDIs).
Ingenico Group partners Interswitch to deliver best-in-class multichannel payment solutions to the Nigeria
Ingenico Group, leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment processing company in Nigeria.
The Nigerian Civil Aviation Authority (NCAA) has stated that Nigeria has attained another high level safety rating which placed it among the world leaders in aviation safety.
The Securities and Exchange Commission (SEC), in collaboration with the Central Bank of Nigeria (CBN), has issued guidelines for the settlement of all types of securities in Nigeria.
Nigerian National Petroleum Corporation releases list of official oil suppliers for the year 2017/2018
The Nigerian National Petroleum Corporation (NNPC), has released the names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018.
The value of transactions through point of sales (PoS) channels across the country increased significantly by 65 per cent to N651.37 billion between Janaury and November 2016, compared with the N395.05 billion recorded in the corresponding period of 2015.
The United Bank for Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
Swiss FinTech leader NetGuardians has been selected by Nigeria’s Keystone Bank Limited for real-time protection against eBanking fraud.
The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and will be implementing a new pricing regime on electronic transactions by the second quarter of this year.
[Nigeria] Oando PLC Completes $115.8mn Gas and Power Partial Divestment to Helios Investment Partners
Indigenous energy group, Oando, has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited, to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partner.
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the ability to become one of the most significant leaders in Africa’s innovation.
The Federal Government has began payment of N5,000 monthly stipends to poor Nigerians in nine states. The Programme is part of the Conditional Cash Transfer (CCT) of the President Muhammadu Buhari’s administration’s Social Investment Programmes (SIP) for which N500 billion was appropriated in the 2016 Budget.
The agreement by the oil producing nations to cut about 2 million barrels of crude oil off the market commenced yesterday giving hopes for commodity-reliant nations like Nigeria of more revenue in 2017.
Nigeria's government will seek a lasting peace settlement with militants in the oil-producing southern Niger Delta region in 2017, President Muhammadu Buhari said in a New Year's message on Saturday.
Guaranty Trust Bank Plc has appointed Mr. Babatunde T. Soyoye as an independent non-executive director to fill the vacancy created on the Board by Mr. Andrew Alli, who retired from the bank as independent non-executive director.
Edelman, a global communications marketing firm, has announced that it has signed on Chain Reactions Nigeria, one of Nigeria’s most vibrant PR firms, as its exclusive affiliate in the country following a one-year strategic partnership.
Med-View Airline, a private Nigerian aviation firm, has launched its maiden flight from Lagos, Nigeria to the Roberts International Airport (RIA), Liberia.
Chairman of the Nigeria Agribusiness Group (NABG) Executive Leadership Group (ELG) Sani Dangote, has been elected President of the group.
Digital disruption is shifting the balance stay of power in financial services and influencing the way millions of people bank their money, make payments, remittances and more.
Zoto, a product of Hedonmark Management Services Limited and Nigeria’s fastest mobile recharge app, announced today that it has become the number one app in Google play store in Nigeria for the shopping category.
Fintech startup, Paystack has announced it has closed on Seed Investment of $1.3M from several international investors.
Fintech startup, Paystack, has announced it has closed on Seed Investment of $1.3 million from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund,
Thousands of residents in Nigeria’s commercial capital, Lagos, benefitted from a health outreach organised by the NNPC and Shell Nigeria Exploration Production Company (SNEPCo), which offered free medical services and education at strategic areas in the mega city.
Scatec Solar has signed a Joint Development Agreement (JDA) with Africa50, an African Infrastructure Fund sponsored by the African Development Bank and more than 20 African States and Norfund.
The fiscal roadmap presented by the Finance Minister at the Lagos Business School Annual Dinner for 2016 is a broad spectrum of implicit ideas targeted at improving the status quo.
Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria.
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes, Dr. Schanz, Alms & Company said in its yearly survey
So I was talking to someone who's really good at internet marketing and she was telling me that some people in my industry buy followers on social media, and how that's a really dumb thing to do.
The Nigerian National Petroleum Corporation, NNPC, on Wednesday outlined a detailed proposal to help the National Assembly fine-tune its deliberation on the draft Petroleum Industry Governance and Industrial Framework law, PIGIF which is currently before it for legislative action.
FNB has won the title of Excellence in Mobile Banking at the Lafferty Global Awards in Cape Town, jointly with Sterling Bank of Nigeria.
The Central Bank of Nigeria has said its decision not to allow telecommunication companies lead mobile money model was to protect customers from losing money as it would not be able to regulate the telcos.
The AfDB Board of Directors has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme
M-learning is particularly useful in countries where literacy rates are low, and where school children struggle to complete their education - whether due to poor school facilities, the prevalence of child labour or poor transport infrastructure making it hard for children physically to reach the classroom.
The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax.
Macro-economic instability fueled by low oil prices and global economic sentiment will continue to be the main driver of business risks across West Africa in 2017.
Wema Bank Plc and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed to ensure financial inclusion for more Nigerians especially the youth.
A young graduate, Shamah Abubakar has invented e-Franchise, an elections application. According to The Guardian the app was developed by an alumnus of the Bingham University in Karu local Government area.
Aware of the unprecedented impetus of African economies and of the potential offered by the various national and sub-regional markets, Moroccan and French companies are demonstrating new ambitions in Africa, which are expressed in their development strategies on the continent.
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture has donated modern geophysical equipment, accessories and books to the Department of Geology, Obafemi Awolowo University, Ile-Ife to uplift research and study of geosciences at the institution.
Chongqing Construction Engineering, Oilserv, Tianjin Energy, Alpha Group sign MoAs to develop Nigeria’s Oil and Gas Infrastructure
Four companies have signed eight MOAs today in Abuja for the development of several multi-billion dollar investment and infrastructure projects in Nigeria.
Guinness Nigeria has partnered with the Federal Roads Safety Commission to flag off the 2016 Ember Months ‘Drink Drive’ public awareness campaign, which is aimed at enlightening the public on the harmful consequences of alcohol abuse.
The Guardian newspaper of Nigeria is pleased to announce the launch of Guardian Brand Studio, an innovative multiplatform content marketing solution for advertisers.
To demonstrate its commitment to the human capital development of students and tech enthusiasts, Africa’s largest marketplace Jumia Market, welcomed participants from the Stutern Lagos Tech tours to its facility on the 7thof December 2016.
Guaranty Trust Bank has partnered the British Council, the UK’s international organisation for cultural relations and educational opportunities, to sponsor the installation of the Wind Sculpture VI by renowned British-Nigerian artist, Yinka Shonibare MBE in Ndubuisi Kanu Park, Ikeja, Lagos.
The Nigerian National Petroleum Corporation (NNPC) and Total E&P Nigeria Limited (TEPNG) joint venture has begun gas supply to the Alaoji Power Plant owned by the Niger Delta Power Holding Company within the Eastern Grid Domestic Gas market
Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's minister of foreign affairs said on Saturday.
Huawei Technologies in collaboration with Access Bank Plc and Private Sector Health Alliance of Nigeria (PHN) has staked N50 million to support the drive for eradication of diseases in the country.
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has this week signed a MoU with Moroccan bank Banque Centrale Populaire (BCP) to increase collaboration on financing vital infrastructure projects in North and Sub-Saharan Africa.
A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive.
Institute of Chartered Shipbrokers prepares launch of new Nigeria Chapter at Multimodal West Africa in Lagos
The Institute of Chartered Shipbrokers (ICS) is preparing for a “big launch” of its new Nigeria Chapter of the West Africa Branch of the Institute at the upcoming Multimodal West Africa exhibition and conference in Lagos in January 2017.
Guinness Nigeria has commissioned a new production line that will support the local manufacturing of some of its spirits brands in Nigeria.
The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria.
After the great success of the second edition of agrofood & plastplack Nigeria 2016 the German trade fair specialists fairtrade announce its 3rd edition for 2017 at the Landmark Centre in Lagos.
The total number of inactive bank accounts in Nigeria stand at 30.26 million despite efforts by banks to retain old customers and attract new ones.
Jos Electricity Distribution (JED) Company Plc has disclosed that it is set to install over 100,000 new smart meters before the end of 2016, adding that the company has made plans to install a total of 250,000 meters before the of 2017.
Union Bank of Nigeria has partnered with Ria Money Transfer one of the largest money transfer companies in the world, to offer money transfer pay-out services across Nigeria.
German firm, LTI Re Energy and its Nigerian partner, NIGUS International, have sealed an agreement to light up the zone through renewable energy resources.
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to the upgrade and expansion of the Kaduna Refining and Petrochemical Company Limited (KRPC) in line with the 12 key business focus areas of the Corporation’s present management.
Nigeria music icon, Yemi Alade, has taken the lead in spreading Shell’s #makethefuture campaign which aims to inspire youths and entrepreneurs for bright energy ideas that can help in the global quest for more and cleaner energy.
Vericore Technologies Limited launched Wizitup, a learning platform for students and teachers. The platform is suitable for classroom use, as a solution for teachers and as a School Information and Administrative System (SIAS).
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport.
[Nigeria] Sheraton Lagos Unveils 107 Renovated Club Rooms and Suites and an All New Sheraton Club Lounge
The Sheraton Lagos Hotel unveiled 107 newly renovated club rooms and suites, all refreshed and elegantly furnished with modern interiors and enhanced amenities.
Stanbic IBTC Bank and technology company, Google, have trained operators of Small and Medium Scale Enterprises (SMEs) in Kaduna state on digital skills that will transform their businesses.
ECOWAS Executive Director Mahama Kappiah, Mojec Meter and Power CEO Chantelle Abdul, Aggreko, Ghana’s GRIDCo and Solar Nigeria walked away with some of the top awards at the West African Power Industry Awards that took place in Lagos this week.
Work is to commence in full on the 42.5km Obajana-Kabba Road in Kogi State, following the signing of a N11.5bn landmark contract document between the federal government and the Dangote Group yesterday, in Abuja.
In what looks like a major boon to digital banks eyeing the Nigerian market, electronic banking in the country has soared above N46trillion in less than a year.
Nestlé Nigeria, organised this week, a factory tour with key stakeholders to celebrate 150 years of nutrition, marked by the creation of Farine lactée (Cerelac) which saved the life of an infant.
Airtel Nigeria in partnership with global development organsation, Human Network International (NHI), has unveiled the 3-2-1 Service – a call-in system that provides free information – ranging from healthcare to good governance – to Nigerians.
MTN Group Executive Chairman, Phuthuma Nhleko, has commended the company’s Nigerian operation, following news that MTN Nigeria has been named the most valued brand in the country.
Telecommunications giant, MTN Nigeria has thrown its weight behind a new cashless initiative, mCASH, launched recently by the Nigeria Inter-Bank Settlement System Plc, NIBSS.
Nigeria is currently ranked number 1 in Africa and eight in the world in terms of internet usage. The latest ranking was contained in the second edition of digitalfacts.
British High Commissioner to Nigeria, Paul Arkwright, on Friday said the decision by the UK to exit the European Union would boost business ties between it and Nigeria.
Shell Companies in Nigeria, supported by the NNPC, have signed an MoU with eight Nigerian banks under the refreshed Shell Contractors' Support Fund, the latest milestone in efforts to improve access to finance for Nigerian vendors and suppliers in the oil and gas industry.
The Nigerian National Petroleum Corporation (NNPC) has commenced work on a scheme to improve the quality of diesel in the Nigerian market for efficient and optimal performance of diesel-powered engines.
Nigeria's central bank denied claims that privately-held Heritage Bank was in distress on Wednesday as it sought to reassure depositors the lender was safe.
Alhaji Aliko Dangote, the Chief Executive Officer of Dangote Group, says that the active participation of the private sector is vital to eliminating malaria in the country by 2020.
Shell Nigeria Exploration and Production Company and it co-venturers (ExxonMobil, TOTAL and ENI) have donated facilities including a modern test laboratory to the Nigerian Institute of Welding (NIW) at Imasabor-Ologbo, Benin City,
German-based multinational, Bosch Group, is set to bring the BPB concept to African artisans, the informal sector, often the driving force of African economies.
The Made-in-Nigeria Project, organisers of the Made-in-Nigeria Conference & Exhibition has announced the third edition of its annual event, which is slated to hold in Lagos on November 29th, 2016.
Australia and Nigeria are set to enhance partnerships in the mining sector to promote the sector’s sustainability in line with the Federal Government’s development agenda.
Electricity distribution company, Ikeja Electric, has launched in-branch payment terminals in 20 branches of the United Bank for Africa (UBA) across its network.
In 2014, Nigeria became Africa’s largest economy, reflecting a decade of sustained economic growth based on a more diverse, service-orientated economy that is less reliant on oil revenue.
Connectivity and data center solutions provider, MainOne, has announced a service partnership between its Tier III Data Center, MDXi and SAP, leader in enterprise applications for software and software-related service to deliver high-quality cloud and infrastructure operations services for customers running SAP solutions in West Africa.
Lagos and San Francisco-based payments platform, Paystack, have launched a payment solution for Shopify merchants, opening up the e-commerce market for tens of thousands of Nigerian online retailers.
Light Reading, in partnership with KNect365, has launched a new online community, Connecting Africa, which will track, analyze and report on all the major developments in Africa's communications market, identifying the key trends and talking to the movers and shakers who are transforming the continent.
Every Breath Counts declared November Pneumonia Month. Nigeria has the second highest pneumonia mortality in the world and primarily affects children under five.
The Dangote Group has expanded its investments into agriculture and mining, Mansur Ahmed, Executive Director, Corporate Communications of the group, said in Kano.
President Muhammadu Buhari will today swear in Justice Walter Nkanu Onnoghen as acting Chief Justice of Nigeria (CJN), Daily Trust learnt last night.
Executive Directors of the African Development Bank (AfDB) on Friday, November 4, 2016 approved a US $1-million emergency assistance grant to support the fight against malnutrition in Nigeria’s northeastern state of Borno.
There are a variety of different ways in which a law firm can measure its success, depending on the perspective taken. If law firms have the expertise that their clients need, when their clients need it, in the location that their clients operate in, then they are positioned to succeed.