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30-10-2014 23:52:00 | by: Default Admin User | hits: 4487405 | Tags:

Central Bank of Nigeria suspends implementation of cashless policy
24-04-2017 | 10:14:41
The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert to old charges and refund customers who had been debited.
[Nigeria] Dangote sells noodles business to Dufil Prima
24-04-2017 | 09:20:41
Dangote Flour Mill (DFM) owned by Africa’s richest man, Aliko Dangote announced that it has sold its noodles business and assets to Dufil Prima, makers of Indomie noodles for an undisclosed amount.
African developers celebrated at Facebook’s annual F8 conference
21-04-2017 | 10:48:48
Facebook celebrated the achievements and products of its growing African developer and partner ecosystem at its annual F8 developer conference, held in San Jose, California, on 18 and 19 April.
[Nigeria] NNPC Commences Diversification into Health Sector
21-04-2017 | 09:33:43
The Nigerian National Petroleum Corporation (NNPC) has raised the stake in its commitment to diversify into the health sector in line with the Corporation’s stand to stay afloat as a commercially viable entity.
Five States across Nigeria to build solar-powered mini-grids
20-04-2017 | 14:00:00
Five states are to build solar-powered mini-grids to aid the Federal Government’s efforts at improving electricity generation and supply.
[Nigeria] Union Bank partners CCHUB to launch Centenary Innovation Challenge
20-04-2017 | 13:00:00
As part of activities to mark its 100th anniversary this year, Nigerian financial institution, Union Bank, has announced a partnership with Co-Creation Hub (CCHub) to launch its Centenary Innovation Challenge.
Afreximbank Picks Nigeria to Host Healthcare Centre of Excellence
20-04-2017 | 12:15:00
The African Export-Import Bank (Afreximbank) has selected Nigeria as the preferred country to host the first of its Centres of Excellence for Healthcare Services in Africa.
[Nigeria] Access Bank appoints Roosevelt Michael Ogbonna Group DMD
20-04-2017 | 11:05:00
Access Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna, as Group Deputy Managing Director to replace Mr. Obinna Nwosu who recently resigned his appointment to pursue other personal endeavours.
[Nigeria] CBN releases $100m into interbank market
20-04-2017 | 09:28:00
The Central Bank of Nigeria (CBN) yesterday carried out wholesale interventions in the interbank FOREX market by offering a total sum of $100m to authorized dealers to meet the 7 to 15-day forwards requests of customers.
Jumia Nigeria unveils its third white paper on African Mobile Trends 2017
19-04-2017 | 12:32:00
Jumia Nigeria is pleased to present the 2017 edition of the African Mobile Trends Paper. This is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria.
Cros Agro to set up French Fries and Potato Flakes processing factory in Nigeria
19-04-2017 | 10:53:00
Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector.
Nigeria loses Africa's top oil producer position to Angola
19-04-2017 | 09:52:00
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).
[Nigeria] Abuja Airport reopens in 24 hours
18-04-2017 | 12:30:00
​After six weeks of closure for runway repairs, the Nnamdi Azikiwe International Airport, will re-open for commercial flights operations tomorrow. The re-opening followed six weeks of low passenger traffic at the alternate airport in Kaduna.
[Nigeria] Globacom prescribes recipes for SMEs’ growth
18-04-2017 | 12:00:00
Nigeria’s fully integrated telecommunications company, Globacom wants small businesses to adopt integrated and flexible communications plan in order to improve their efficiency, cut cost and expand their bottom lines.
Dangote will be the largest exporter of rice in 5 years to come - AfDB President
18-04-2017 | 09:41:23
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.
[Nigeria] Lagos-Ibadan Standard Gauge Construction kicks off
17-04-2017 | 11:56:00
The much-awaited construction of standard railway track from Lagos to Ibadan has commenced with the Managing Director of Nigerian Railway Corporation (NRC), Engr. Fidel Okhiria advising those with illegal structures on the railway right of way to leave immediately.
Nigeria on track to expand oil output further
17-04-2017 | 11:04:00
As OPEC discusses a six-month extension of the oil production cut agreement that it struck in November, Nigeria plans to continue ramping up its own output.
World Bank Approves $150m to Enhance Mining Sector Contribution in Nigeria
17-04-2017 | 09:32:00
The World Bank’s Board has approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy.
[Nigeria] NCC Urges Subscribers to Take Advantage of 2442 Code
14-04-2017 | 11:19:00
As part of efforts to educate telecommunications consumers on their rights to quality telecoms services, the Nigerian Communications Commission (NCC) said subscribers could stop unsolicited text messages if they send "STOP" to "2442".
[Nigeria] President Buhari appoints 24 new heads of government agencies
14-04-2017 | 10:40:07
President Muhammadu Buhari yesterday appointed 24 persons to head federal government agencies. A statement announcing the appointments which are to take immediate effect was signed by the Director of Press in the Office of the Secretary to the Government of the Federation (OSGF), Bolaji Adebiyi.
Nigeria Central Bank raises banks' FX loan limits to resolve breaches
14-04-2017 | 09:48:00
Nigeria's central bank has increased the limit on banks' foreign currency borrowings to 125 percent of shareholders' fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters.
Nigeria Re-Elected 45th time as Chair, UN Peacekeeping Committee
13-04-2017 | 13:28:00
Nigeria has been re-elected, for the 45th time, to chair the UN Special Committee on Peacekeeping Operations, regarded as UN's most strategic committee, the News Agency of Nigeria reports.
[Nigeria] 28.6 million bank users have BVN
13-04-2017 | 13:09:05
A total of 28,667,139 users of deposit money bank (DBM) accounts in the Nigerian banking system now have their Bank Verification Numbers (BVN) issued by the system.
[Nigeria] NNPC to Commercialize its Communication Network
13-04-2017 | 10:56:00
The Nigerian National Petroleum Corporation (NNPC) will commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity.
[Nigeria] Dangote Flour Mills profit soars to $30 million since reacquisition from Tiger Branded Consumer Goods of South Africa
13-04-2017 | 07:27:34
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses.
[Nigeria] Fidelity Bank grosses N152bn in 2016 financial year, proposes 14k dividend
11-04-2017 | 13:26:00
Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders.
UNIC Insurance relists as UNIC Diversified Holdings on Nigeria Stock Exchange
11-04-2017 | 12:36:46
UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange as the insurance company completed its transformation into a financial services holding group.
Nigeria's Oil Refining Capacity Increases by 29%
11-04-2017 | 10:58:30
The combined installed capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016.
UBA Nigeria approves N19.9b final dividend for year ended 2016
11-04-2017 | 10:24:00
The shareholders of the pan-African financial institution, the United Bank for Africa applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017.
[Nigeria] Africa Finance Corporation issues $500m 7 Year Eurobond
11-04-2017 | 09:55:00
Africa Finance Corporation, a pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.
$13 million fund targets 15,000 Nigeria and Tanzania youth with agrifood employment
11-04-2017 | 07:41:00
A five-year, $13 million collaboration between Michigan State University and The MasterCard Foundation will help 15,000 young people access employment and entrepreneurship opportunities in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Tanzania and Nigeria.
Nigeria real estate sector to record 5.39 percent growth
10-04-2017 | 13:27:00
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.
[Nigeria] Zenith Bank begins *966# Easybanking customer with airtime giveaway
10-04-2017 | 11:57:39
Following the success of the campaign to reward its customers last year, Zenith Bank Plc has returned with another *966# Eazybanking airtime giveaway for the Easter season.
[Nigeria] Abuja Airport Runway 75% Completed - Aviation Minister
10-04-2017 | 11:02:43
Two weeks to the opening of the Abuja airport runway to traffic, the Minister of State, Aviation Sen. Sirika Hadi Sirika, has said the runway is 75 percent completed.
[Nigeria] UK Supreme Court Grants Reprieve to NNPC over $100m Bank Guarantee
10-04-2017 | 10:11:00
The Supreme Court of the United Kingdom in a unanimous judgment has granted a reprieve to Nigerian National Petroleum Corporation, NNPC, over a $100million Bank guarantee in a case involving the Corporation and a service company, IPCO (Nigeria) Limited.
Grey Group re enters Nigerian market through deal with Centrespread
06-04-2017 | 16:26:58
Global communication company Grey GREY is re-entering Nigeria with immediate effect, having appointed Centrespread, one of Nigeria's largest independent advertising communications groups as its affiliate in that market
[Interview] Ekene Okechukwu, Founder, Bargainmasterng.com, Nigeria
06-04-2017 | 13:41:00
Ekene Okechukwu is Founder of Bargainmasterng.com, Nigeria's social marketplace for online sellers and buyers.
United Bank for Africa promotes 3,000 members of staff
06-04-2017 | 11:34:00
United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 staff members.
Oando Nigeria announces FYE 2016 results, posts N3.5b Profit After Tax
06-04-2017 | 10:43:00
Oando PLC Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced audited results for the year ended 31 December, 2016, with the following highlights:
[Nigeria] VoguePay gets Fintech start-up recognition
06-04-2017 | 10:19:28
VoguePay has won the “Best Fintech Startup” award at the just concluded Cashless Africa Expo. The award is in recognition to online payment in Nigeria and Africa in general.
[Nigeria] Economically sustainable seed businesses key in transforming cassava production
06-04-2017 | 08:17:58
Seed sector professionals have said that businesses selling improved varieties and high quality cassava stems for cultivation could help African farmers significantly raise their productivity.
[Nigeria] Lidya raises funding to expand access to capital for underserved small businesses
05-04-2017 | 16:30:57
Lidya, a leading fintech platform based in Nigeria, has announced that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa.
[Nigeria] SPDC links LiveWIRE beneficiaries to $800,000 growth fund
04-04-2017 | 13:31:00
Twenty-eight beneficiaries of the Shell Nigeria LiveWIRE programme are now retooling to get a good share of the $800,000 growth fund for 2017 provided by Grofin Investment.
Nigeria's official PC market falls to lowest levels in over nine years, IDC
04-04-2017 | 10:20:51
Official PC shipments to Nigeria fell 57.1% year on year in 2016 to total 156,511 units, according to the latest figures compiled by International Data Corporation (IDC).
Nigeria Achieves 26 Per Cent Gas Flaring Reduction
03-04-2017 | 12:02:00
The Nigerian National Petroleum Corporation (NNPC) says it has succeeded in reducing gas flaring in the Country by 26 percentage points in the last ten years from 36 per cent to 10 per cent.
[Nigeria] Sterling Bank launches new five-year strategic plan
03-04-2017 | 11:21:00
Sterling Bank has launched a new five-year strategic plan that will enable the bank optimise its potential and generate better returns for stakeholders.
‘Merck More than a Mother’ from Africa to Asia for the first time, in partnership with ASPIRE
03-04-2017 | 10:35:00
Merck, a leading science and technology company through its ‘Merck More than a Mother’ initiative in partnership with Asia Pacific Initiative on Reproduction (ASPIRE), conducted a panel to address challenges and solutions to improve access to regulated fertility care in Africa and Asia.
[Nigeria] NNPC to Transform into Integrated Energy Company
03-04-2017 | 09:48:00
The ongoing reform of the Nigerian National Petroleum Corporation is geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission.
Uber and Old Mutual help drivers earn, learn and save
31-03-2017 | 14:58:24
In celebration of Global Money Week, Uber and Old Mutual have announced that they will be extending its free money management course that took place in South Africa to its driver-partners in Accra, (Ghana), Lagos (Nigeria) and Nairobi, (Kenya).
Nigeria to showcase maritime potential in Norway
30-03-2017 | 12:23:00
Poised to attract foreign investors into the nation’s shipping sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has unveiled its plans to showcase the huge potential of the Nigerian maritime sector at the Norway Shipping holding later this week.
Guinea Insurance targets 80 per cent coverage for Nigerians by 2021
30-03-2017 | 12:10:00
The Chairman of Guinea Insurance Plc, Mr Godson Ugochukwu, says the company is targeting to bring 80 per cent of Nigerians under insurance cover by 2021.
[Nigeria] Africa Finance Corporation Delivers Strong Financial and Operational Growth in 2016
30-03-2017 | 08:30:00
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, today announces its 2016 fiscal year results.
[Nigeria] Dr. Joseph Nnanna appointed as Chairman of Africa Finance Corporation
29-03-2017 | 10:11:00
Africa Finance Corporation announces that Dr Sarah Alade, its Chairman, representing the Central Bank of Nigeria, from which she officially retired on 22 March, 2017, has also stepped down from her position as Chairman of the AFC Board of Directors with effect from today.
Andy Isichei elected President of Nigerian Chamber of Shipping
28-03-2017 | 13:50:16
The Governing Council of the Nigerian Chamber of Shipping (NCS) has elected its long standing vice president, Andy Isichei as its sixth President.
Cros Agro Allied to invest $65m in Nigeria’s potato sector
28-03-2017 | 13:00:00
Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector.
[Nigeria] Global Money Week: FirstBank Promotes Financial Literacy
28-03-2017 | 09:56:13
First Bank of Nigeria Limited is joining the rest of the world in celebrating the 2017 Global Money Week to engage children and youths on the rudiments of financial literacy.
[Nigeria] Update on NNPC’s Recovery of Crude Swap Under-Deliveries: AITEO Settles $202m Outstanding Obligations
28-03-2017 | 09:28:22
In line with its pledge to provide members of the public with periodic updates on its recovery efforts for crude swap under deliveries, the Nigerian National Petroleum Corporation (NNPC) is pleased to confirm that it has now reached a final settlement with AITEO Group.
Tony Elumelu Foundation 2017 Entrepreneurship Program announces selection
27-03-2017 | 10:37:33
The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year $100 million TEF Entrepreneurship Program.
[Nigeria] UBA Grows Profit Before Tax by 32%, Declares Final Dividend per Share of 55kobo
27-03-2017 | 10:23:00
United Bank for Africa (UBA) Plc, the pan-African financial services group operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits.
Results Based Balanced Scorecard Certification Master Class in Nigeria, Ghana, Kenya, Ethiopia and South Africa
27-03-2017 | 09:31:00
Citizens of the world are increasingly demanding that their governments demonstrate results. The introduction of performance management as a reform output was in response to increasing calls for governments to improve accountability and demonstrate value for money.
Biogaran takes over Swipha’s activities in Nigeria with eye on generic medicines for local market
27-03-2017 | 09:18:00
Biogaran, a French pharmaceutical company specialized in generic and biosimilar medicines, and a subsidiary of Servier, have announced the takeover of all the activities of Swipha, a Nigerian company that manufactures and distributes pharmaceutical products known for their quality.
World Bank approves $200m credit to Nigeria to support agricultural productivity and improve livelihoods
27-03-2017 | 09:03:55
The World Bank today approved a $200 million credit to further support the Government of Nigeria in its efforts to enhance agricultural productivity of small and medium scale farmers in participating states.
Guinness Nigeria marks World Water Day by unveiling seven new boreholes in Cross River State
22-03-2017 | 14:29:00
Guinness Nigeria Plc has constructed seven hand pump water boreholes in Bebi Community, Obanliku Local Government Area (LGA) of Cross River State.
Ericsson appoints Rutger Reman new President/MD Nigeria
22-03-2017 | 14:10:34
Ericsson has appointed Rutger Reman president and managing director for Ericsson Nigeria.
[Nigeria] Kwara Govt enters partnership with ANDP to build 5000 housing units
22-03-2017 | 10:37:00
Kwara State Government has signed a partnership agreement with the Africa Nations Development Programme (ANDP), to build 5,000 housing units in the state.
[Nigeria] Skye Bank commences sale of 2017 JAMB/UTME E-Pins
22-03-2017 | 09:25:00
Joint Admission and Matriculation Board (JAMB), has accredited Skye Bank as one of the selling banks for this year’s Unified Tertiary Matriculation Examination (UTME) E-Pins.
Dangote Group to launch fundraising for The Africa Center in New York City
22-03-2017 | 07:12:00
Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (with the major responsibility of raising capital for the center. The goal is to raise funds to complete the center building in New York.
[Nigeria] Government approves private and commercial helicopter services at Abuja Airport
21-03-2017 | 14:35:00
The Federal Government has approved the operation of private and commercial helicopter services at the Nnamdi Azikiwe International Airport, Abuja which had been shut for rehabilitation of the runway and other facilities
D.light reaches over 4800 off grid households with Pay-Go- Solar home system in six months
21-03-2017 | 11:38:41
With 120,000 units sold, almost all within the first six months of its October 2016 global launch, d.light's D30 Pay-Go solar home system is proving to be the fastest pay-as-you-go off-grid solar product to reach scale.
[Nigeria] NNPC to Generate 4,000 Megawatts Power
21-03-2017 | 11:28:00
The Nigerian National Petroleum Corporation, NNPC will generate about 4, 000 megawatts of power in the next ten years to boost the supply in the country.
World Bank Approves $200m Emergency Support to North East Nigeria
21-03-2017 | 11:13:10
The World Bank’s Board today approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. T
[Nigeria] AFC invests US$25 million in Egypt's Carbon Holdings
20-03-2017 | 10:32:06
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd.
Garmin and MTN Nigeria partner to introduce a range of world class health and fitness devices
20-03-2017 | 10:12:41
Garmin in collaboration with MTN Nigeria partner to introduce a range of world class health and fitness devices to help boost fitness standards while maintaining a healthy lifestyle.
Nigerian Government commends Dangote Cement self-sufficiency feat
20-03-2017 | 10:00:00
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government.
[Nigeria] NNPC Moves to Recover N11bn Missing Petrol from Capital Oil
20-03-2017 | 09:24:00
The Nigerian National Petroleum Corporation (NNPC) on Friday announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS), also known as petrol, stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited.
[Nigeria] Mastercard partners with Mobile Money Africa to host the Cashless Africa Conference
16-03-2017 | 06:32:00
Digital payment solutions provider, Mastercard has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria.
[Nigeria] Dangote Salt, NAFDAC collaborate to sanitize food market
13-03-2017 | 13:02:00
The management of Dangote Salt and the National Agency for Food and Drugs Administration and Control (NAFDAC) () have expressed their readiness to collaborate and corroborate efforts to rid the food market of unwholesome practices by unscrupulous traders.
Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in one year
10-03-2017 | 12:34:55
Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29.
[Nigeria] CareerNaija announces results of 2016 job seeker survey
10-03-2017 | 12:00:41
CareerNaija has announced the result of its Job Seeker Survey 2016. As a leading job site in Nigeria, we are concerned about the rate of unemployment in the country which currently stands at over 11.2million.
Alex Okosi appointed Executive Vice President and Managing Director of Viacom International Media Networks
09-03-2017 | 15:36:21
Viacom International Media Networks (VIMN) Africa has announced the appointment of Nigerian-born Alex Okosi as the Executive Vice President & Managing Director. Before this appointment, he was the Senior Vice President and Managing Director of VIMN Africa.
Three Nigerian banks set to take over Etisalat Nigeria
09-03-2017 | 12:32:00
Despite the intervention of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce as the banks are set to take over the telecoms firm.
[Nigeria] GTBank Releases 2016 Full Year Audited Results - Reports Profit before Tax of ₦165.14b
09-03-2017 | 11:23:58
Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2016 to the Nigerian and London Stock Exchanges.
Ecobank Nigeria extends Western Union Money Transfer to Accion Microfinance Bank locations
09-03-2017 | 10:46:12
Ecobank Nigeria Ltd, an affiliate of Ecobank Transnational Incorporated (ETI) has entered into partnership with Accion Microfinance Bank of Nigeria, to introduce Western Union Money Transfer Remittance services at some locations of the microfinance bank.
[Nigeria] Nnamdi Azikiwe International Airport officially shuts for six weeks
09-03-2017 | 08:07:00
The federal government of Nigeria has officially announced the closure of the Nnamdi Azikiwe International, Abuja (NAIA). The government also assured Nigerians of security of life and property of all travelers.
Nigeria economic growth at lowest level in fifteen years on oil pipelines vandalism
08-03-2017 | 14:36:00
The National Bureau of Statistics (NBS) stated that Nigeria's real GDP growth contracted to -1.30% (year-on-year) in the fourth quarter of 2016.
New entrepreneurship curriculum to help Nigeria industrialize
08-03-2017 | 14:30:00
A new United Nations Industrial Development Organization (UNIDO) project will develop an entrepreneurship curriculum for senior secondary schools in Nigeria.
[Nigeria] GE partners with Tony Elumelu Foundation on Lagos Garage
07-03-2017 | 16:35:17
General Electric and leading entrepreneurship The Tony Elumelu Foundation have announced a partnership that would allow up to 25 Tony Elumelu EF Entrepreneurs to participate in a dedicated 4-week advanced manufacturing training program every year at GE’s Lagos Garage – a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration
Ethiopian Airlines to Re-Route Flights to Nigeria
07-03-2017 | 13:10:31
Ahead of plans by the Nigerian government to close the Nnamdi Azikiwe International Airport by March 8, 2017, Ethiopian Airlines has announced plans to route flights through Kaduna airport with daily flights with its Dream Liner during the six-week closure.
Arik Air introduces promo fare to any destination in Nigeria, releases new Kaduna schedule
07-03-2017 | 11:06:00
Arik Air, West and Central Africa’s largest carrier, has announced a special promotional fare that will enable passengers buy a-one-way ticket to any destination in Nigeria from N16, 000.
South African fintech startup Mama Money expands into Nigeria, Ghana and Tanzania
07-03-2017 | 10:47:00
The South African fintech startup that slashed the costs for Zimbabweans living in SA to send money home when it launched two years ago has expanded its money transfer service into Nigeria, Ghana and Tanzania.
Nigeria Targets 10 per cent Global LNG Sales
07-03-2017 | 10:27:07
Nigeria is set to capture at least 10 per cent of the global market share of Liquefied Natural Gas, LNG, as part of the concerted efforts to harness the nation’s gas resources which currently stand at 192 Trillion Cubic Feet of proven reserve.
AIDS Healthcare Foundation Unveils two new Facilities in Nigeria
06-03-2017 | 13:00:00
The AIDS Healthcare Foundation (AHF) has officially unveiled two newly constructed facilities in Nigeria in partnership with the Benue State Ministry of Health and Benue State AIDS Control Agency (BENSACA).
Nigerian businesses can remain profitable with outsourced Data Center and Cloud solutions - MainOne
06-03-2017 | 10:28:27
For companies in Nigeria currently battling the recession, the challenges are slowing sales and reduced earnings due to spiraling costs from high inflation and forex rates.
[Nigeria] Dangote Foundation commits N200m for Kano Specialist Hospital rehabilitation
06-03-2017 | 10:00:00
To complement its N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, the Dangote Foundation has concluded the renovations of some sections of the Murtala Muhammed Specialists’ Hospital, Kano which gulped over N200 million.
[Nigeria] NPDC’s Daily Crude Oil Production to Rise to half a million bpd
06-03-2017 | 09:34:44
The Nigerian National Petroleum Corporation, NNPC has expressed its commitment to grow the Nigerian Petroleum Development Company’s, NPDC, crude oil production to 500,000 barrels per day by 2020.
South Africa’s insurer to acquire 75% equity in Nigeria’s UNIC Insurance
02-03-2017 | 12:22:00
South Africa’s Liberty Holdings has announced that it will acquire a 75 percent stake in a Nigerian insurer, UNIC Insurance Plc, for 160 million rand ($12 million), an equivalent of N3.72billion.
MTN lists 2016 losses from Nigeria fine, forex
02-03-2017 | 11:28:00
African telecommunications giant MTN warned shareholders Monday to expect big losses caused by a $1 billion regulatory fine in Nigeria.
Nigerian app Sliide Airtime named Most Innovative Mobile App at GSMA Awards
02-03-2017 | 10:27:34
Sliide Airtime has today been named as the World’s Most Innovative App at the Global Mobile World awards, dubbed the ‘Oscars’ of the global telecom industry.
Nigeria heralds new dawn in cement production with 0.4 million tons export to neighbouring countries
01-03-2017 | 06:51:59
Following continuous increase in its production capacity, cement manufacturer, Dangote Cement Plc has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.
Nigeria relaxes visa rules to facilitate entry of investors into the country
28-02-2017 | 11:40:55
The process of obtaining a Nigerian visa has been likened to a “camel passing through the eye of a needle.” To visit, foreigners need to successfully navigate a maze of paperwork both before and after they get into the country.