SEAMFIX, Nigeria's provider of identity management solutions, has launched BioRegistra, an innovative data capture and data management platform.
“We have to give more attention and support to emerging African entrepreneurs, if the continent’s poverty, inequality and unemployment challenges are to be addressed.”
The Shell Nigeria Gas has donated an ultramodern ICT Centre and well-equipped science laboratories to African Church Community Secondary School in Ewupe, a community hosting the company’s facilities in Ota area of Ogun State.
In 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria.
As part of strategies to shore up the nation’s reserve base, the Nigerian National Petroleum Corporation (NNPC) will reinvigorate exploratory activities in the seven hydrocarbon basins in the country.
Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Philip Morris International Inc. has been recognized for the second consecutive year as a Top Employer in Africa, awarding the company’s work environment and commitment to creating value for its employees.
A new curricula focusing on entrepreneurship will now have a place in secondary schools in Nigeria.
The Northern States Governors Forum (NSGF) has selected GE Healthcare, a global provider of transformational medical technologies and services, as a long-term partner to revitalize healthcare infrastructure in the Northern States.
Creative Media Works, operating as BBM Messenger, has partnered with Springster, Girl Effect’s global mobile-first platform for vulnerable young women, to launch Girl Talk.
[Nigeria] Seamfix set to unveil Bioregistra, an innovative data capture and identity management solution
SEAMFIX, Nigeria's provider of identity management solutions, has announced plans to unveil an innovative data management solution to the Nigerian market.
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production.
FBN Holdings Plc has announced the appointment of Oluseye Kosoko as Company Secretary subject to regulatory approval.
PPC said on Friday that Nigeria’s Dangote Cement has withdrawn its interest to tie-up with the South African firm, sending its shares more than 13% lower.
The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017.
FirstBank of Nigeria has said that it has emerged the first financial institution in Nigeria and West-Africa to issue 10 million cards to customers across the sub-region.
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
Shell has launched its global education initiative, NXplorers, in Nigeria, in the latest effort to inspire young people to find solutions to the global challenges of food, water and energy in the face of an increasing global population.
Erin Energy has announced that funding commitment has been obtained to drill our high-impact Miocene exploration well. Site survey of drilling location has been completed and the well is planned to be spudded during this quarter.
Jumia has introduced Jumia Bot, Nigeria’s first e-commerce Bot. Using Jumia Bot, shoppers can order food, find fashion or electronic items and book hotels and flights by simply having an online conversation with the bot.
Commercial banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS).
San Leon Energy PLC said on Friday its loss narrowed in the first half of 2017, as it says it is concentrating on its Nigerian interests.
The Central Bank of Nigeria (CBN) has left the country's benchmark interest rate unchanged at 14 per cent, alongside all the other monetary policy rates for the seventh consecutive time over fears of consequent inflation.
The Bank of Agriculture and Nigeria Postal Service are collaborating to provide financial services to five million farmers across the country over the next two years.
Protea Hotels by Marriott, part of Marriott International, Inc. has opened Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria, a development, which further consolidates its presence in the country.
RedCloud partners with KongaPay to give 190 million Nigerians access to distributed banking services
RedCloud Technologies, the world's first open banking platform has partnered with Nigeria's KongaPay; the payment system which aims to facilitate the initiation and completion of transactions in a seamless manner.
[Nigeria] Buhari administration engages national assembly, chief justice in new ease of doing business action plan
The Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, will, on Tuesday, consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0.
Nigerian Petroleum Development Company is poised to grow its equity production from the current 180,000 barrels per day to 300,000 bpd by 2018 and by 2019 and 2020 its production is expected to hit 400,000 bpd and 500,000 bpd, respectively.
Oladunmade Otitoola, an entrepreneur and beneficiary of the Tony Elumelu Entrepreneurship Program in 2016, is founder of RentYourHall, Nigeria. Africa Business Communities poses him some questions on development of the startup.
Union Bank has the announced subscription period for its N50 billion Rights Issue which commenced on Wednesday, September 20 and will close on October 30, 2017.
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
FSDH Merchant Bank, a financial services group in Nigeria, has revealed that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry.
The Nigerian Communications Commission (NCC) revealed that the number of people using the internet in Nigeria decreased in the month of July 2017.
Baker Hughes, a GE company, has signed an agreement for the provision of Asset Performance Management software and services for LNG trains and related Balance of Plant by Nigeria LNG Limited.
Nigerian business leader Aliko Dangote told investors "Agriculture, agriculture, agriculture. Africa will become the food basket of the world."
The Management of Dangote Industries Limited has launched a passionate appeal to members of the public to assist in monitoring both the recklessness and the illegal haulage of contraband goods by some of its truck drivers.
Olam International Ltd. invested $150 million in animal-feed mills and poultry farms in Nigeria as it seeks to boost its agribusiness venture in Africa’s biggest food market by population.
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
The Nigerian Civil Aviation Authority has certified the nation's busiest airport, Murtala Muahmmed International Airport, for meeting global safety and security standards as prescribed by the International Civil Aviation Organisation (ICAO).
The Danish Government will guarantee a 10 per cent equity financing of a Joint Venture Company involving the Nigerian National Petroleum Corporation (NNPC) and a Danish firm, Unibio A/S Limited.
The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.
FirstBank has developed an array of products and solutions targeted at enabling schools acquire attractive educational facilities to support their business whilst empowering parents and guardians to seamlessly send their wards back to school.
In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019.
Guiness Nigeria PLC has made a raft of executive appointments as it seeks to bolster the strong performance in the market.
Multichoice Nigeria will be launching a pay-per-view (PPV) option in the country. The company emphasized that the PPV concept is a cable or satellite television system in which consumers pay an additional fee to watch a particular program.
Shoreline Energy Limited and The Shell Petroleum Development Company of Nigeria Limited have signed an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in the Victoria Island,
RedCloud Technologies, the world’s first open banking platform, has announced a partnership with Nigeria’s KongaPay.
The Central Bank of Nigeria (CBN) has unveiled to members of the public an exposure draft on the regulatory framework for banking platform.
Kenya tops the world in financial inclusion, with latest reports giving the country a rating of up to 86 per cent above global heavy weights like Brazil.
The Nigerian National Petroleum Corporation and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio with a view to increasing crude oil production and availability of gas for power generation.
Hajiya Sa'adatu Abdullahi is a Nigerian entrepreneur and founder Business Networking Women, an organization operating in the country's capital, Abuja. Africa Business Communities interviews her:
Stanbic IBTC, a member of Standard Bank Group, in the second quarter of this year, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria.
The sustained strategic intervention of the Nigerian National Petroleum Corporation in the efficient supply and distribution petroleum products has led to significant fall in the prices of petrol and cooking gas.
With the backing of Kenya’s telecoms giant Safaricom, taxi hailing app Little is set to commence operations in Nigeria’s tech capital city of Lagos come October.
The ongoing restructuring of the Nigerian National Petroleum Corporation, NNPC received fresh impetus on Tuesday with the appointments and deployments of top executives across the value chain of its operations.
Nigerian logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year.
The Nigerian National Petroleum Corporation has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d).
The Management of First Bank of Nigeria has unveiled new career employment models to accelerate career growth and development for staff members.
Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has now received the required approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital.
Allianz Group announced today a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH).
Nigerian National Petroleum Corporation urges indigenous companies to bid for 30 marginal oil fields
The Nigerian National Petroleum Corporation has urged members of the Independent Petroleum Producers Group to participate in the forthcoming bid round for about 30 marginal oil fields which will soon be flagged off by the Federal Government.
Schneider Electric, the global specialist in energy management and automation, has signed a contract to provide comprehensive process automation systems, solutions and services to Dangote Oil Refinery.
Caverton Helicopters Limited, a subsidiary of The Caverton Offshore Support Group Plc announced that the company has entered a purchase agreement with Dallas based Bell Helicopter for eight brand new Bell 407GXPs
The Nigerian National Petroleum Corporation (NNPC) has requested a deeper collaboration with India in the area of expertise and state-of-the-art medical equipment to revitalize its 52 clinics across the country.
Tope Hassan is known as an African Tourist, bootstrapping through African nations to discover African Brands & Entrepreneurs. She founded ISOKO Africa a year ago as a dedicated media outlet for African brands.
The United Nations’ Third Industrial Development Decade for Africa reaffirms the importance of industrialization in supporting Africa’s own efforts towards sustained and sustainable economic growth and accelerated development.
The Shell Petroleum Development Company of Nigeria Joint Venture has commenced production at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market.
The Nigerian National Petroleum Corporation is working closely with the international oil companies (IOCs) to deploy a structured and holistic security apparatus to tackle incidence of oil and gas infrastructure sabotage in the country.
The African Export-Import Bank’s (Afreximbank) in today Lagos met with leading Nigerian investors to push for strong participation in the Bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares.
In another bold move for self-sufficiency in sugar production, Dangote Group has in Niger State signed an agreement with the State Government for the establishment of a $450million sugar complex.
By embracing a digital revolution in its oil and gas facilities, Nigeria could propel itself from the shadows of persistent underperformance to become a global energy powerhouse.
On the basis of its high business environment opportunity potential, Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years.
ACDI/VOCA has launched Alliance Agriculture in Nigeria, a private-sector-led partnership to pilot an integrated network of input supply, buyers, and smallholder farmers around shared use irrigation schemes.
MainOne has launched a new colocation service, in addition to its connectivity solutions, to address the needs of businesses in Ghana seeking reduced IT infrastructure costs and improved efficiency via a shared services platform.
NNPC has pledged support to the Presidential Committee on Harmonised Standard Operating Procedures on Arrest, Detention and Prosecution of Vessels and Persons in Nigeria’s Maritime Environment (HSOP) to tackle the menace of oil theft.
Lumos, the people behind one of the fastest growing off-grid solar companies in Africa, have said that the mobile solar revolution will transform Nigeria’s small-business economy.
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.
Guaranty Trust Bank plc. has released its audited financial results for the half year ended June 30, 2017 to the Nigerian and London Stock Exchanges.
Skye Bank, one of Nigeria's largest retail banks, over the weekend unveiled a new digital banking solution called Skyexperience.
Erin Energy Corporation today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria.
In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation has unveiled plans to expand gas generation and distribution nationwide.
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017.
As part of efforts to boost private sector’s investment in agriculture, Dangote Group, GrowAfrica and Nigeria Agribusiness Group have signed a Memorandum of Understanding.
The Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has expressed satisfaction over the innovation introduced in the conduct of the 2017 edition of the competition.
Erin Energy Corporation announces today financial and operational results for the quarter ended June 30, 2017.
The Central Bank of Nigeria has extended the deadline for registration into the Bank Verification Number project for Other Financial Institutions (OFIs) to December 31, 2017.
Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) Ground Operations Manual (IGOM) registry.
AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League clubs by the League Management Company in partnership with British-based Ofertas365.
Air Peace is to launch its maiden flight to the Akure Airport on Friday August 11, 2017. The inaugural Lagos-Akure-Lagos flight will take off from the airline’s Murtala Muhammed Airport, Ikeja.
The governments of India and Nigeria are set to forge closer cooperation in a determined effort to accelerate growth in Information and Communications Technology with a view to boost both countries’ economies.
The Nigerian National Petroleum Corporation has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion.
Ethiopian Airlines Group, a Star Alliance member, inaugurates its maiden flight to Kaduna, Nigeria at a reception held at Ethiopian main hub Addis Ababa Bole International Airport on August 1st, 2017.
Nigerian owned and San Francisco based payment startup Flutterwave has announced it secured over USD10 million from Greycroft Partners and Green Visor.
Two sets of alternative financing agreements on Joint Venture projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation, Chevron and Shell.
The rebranded Future Energy Nigeria will return to Lagos in November and will focus on the bold turnaround plan of the Nigerian government.
The Nigerian National Petroleum Corporation has said the West African Gas Pipeline would be extended from Ghana to Cote d’ Ivoire as part of the Federal Government West African energy integration policy.
Erin Energy Corporation has announced the arrival of the Pacific Bora drilling rig to the Oyo field offshore Nigeria. Erin Energy plans to use Pacific Bora to drill the Oyo-9 well (Oyo-9) on the Oyo field in deepwater offshore Nigeria.
The Directorate of Technical Cooperation in Africa of Nigeria’s Ministry of Foreign Affairs and the African Development Bank celebrated the completion of the first life cycle of the Nigeria Technical Co-operation Fund in a ceremony in Abuja on 1 August.