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.
Nena Okeke is synonymous with resilience and diversity. Having set up her startup in 2008, it took her six years to see it finally up and running.
Nigeria’s postal service, NIPOST, has adopted the innovative global addressing system what3words becoming the seventh country globally and third in Africa.
The highly efficient sixth generation drilling rig Pacific Bora meant to carry operation at the Oyo field offshore Nigeria has arrived in the area according to Erin Energy Corporation.
[Column] Ehiedu Iweriebor: Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities.
Oando PLC, the Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended 30 June, 2017.
The Federal Government has said it relies heavily on the Dangote refinery to fulfill its promise to Nigerians to end fuel importation by December 2019.
Springfield Agro Limited, in partnership with Mahindra & Mahindra Ltd., a part of the US $19 billion Mahindra Group have announced its collaboration with Katsina State Government, and launched the FarmTo-Folk initiative.
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.
British-Nigerian Michael O’Brien-Onyeka is Senior Vice President, Africa, of Conservation International, a non-governmental conservation and sustainable development organization.
First Bank of Nigeria has expanded its Financial Literacy program to the Eastern part of the country with the launch of its Financial Literacy program for Secondary Schools in Ebonyi State, under the auspices of the FirstBank FutureFirst Program.
Google has announced that initial grants of $2.5m will be given to the nonprofit arms of African startups Gidi Mobile and Siyavula, both of which provide free access to learning for 400,000 low-income students in Nigeria and South Africa.
Total Nigeria Plc and Blackbit Limited signed a Solar Home Solution distribution agreement. This Solar Product distribution partnership is aimed at facilitating seamless nationwide access to Solar energy products.
Acting Nigerian President, Prof. Yemi Osinbajo has inaugurated a giant world-class fertilizer plant, built by Indorama Eleme Fertilizer and Chemicals Limited at a cost of $1.5 billion.
With the support of a UK firm, entertainment and gaming company Western Lotto Nigeria Limited entered the Nigerian market July 10 with five international lottery games and pledged to change the landscape of gaming in the country.
Union Bank unveiled a plethora of digital banking solutions at an interactive media event on Wednesday 26th July, 2017 at the Heritage Place, Ikoyi, Lagos.
Nigeria's benchmark index hit new two-year highs on Tuesday, led by banking shares after the central bank said it was committed to opening up the local currency market to investors.
DH2i, the leading provider of Microsoft Windows Server applications management, has entered into a strategic reseller agreement with one of Nigeria's premier IT services and solutions firms, IGWET Consulting.
Nigeria details Guinness Nigeria Plc has presented a detailed breakdown of its plans to raise N39,700,688,598 by way of rights issue to its existing shareholders.
The chairman, Senate committee on Health Sen. Lanre Tejuoso says the Senate is reviewing the National Health Insurance Scheme (NHIS) Act to make healthcare delivery affordable in the country.
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices.
Damian Avar is a medical doctor, social entrepreneur and health business consultant. He founded DoctorsHub Nigeria, a digital-based, simplfied platform to access medical consultation for Nigerians.
After the successful implementation of an intelligent new safety feature was introduced to Uber driver-partners in South Africa early this year, the company has announced that the same feature will be implemented in other markets in Africa.
GE, the world’s Digital Industrial Company has announced a skill development partnership programme involving its GE Lagos Garage.
Creative Media Works, operating as BBM, has launched Event Tickets inside Discover with partner, Ariiyatickets.
The average national daily gas supply to the nation’s power plants has risen by 64 per cent, the Nigerian National Petroleum Corporation (NNPC) Financial and Operations Report for May 2017 released in Abuja has said.
Chika Uzor is the brains behind a Nigeria based entity keen on addressing the problems faced by women of colour face in makeup, beauty and wellness.
Labacorp Group has built a name and legacy in key economic sectors spanning real estate, agribusiness, manufacturing and construction among others. It oversees the activities of nine wholly owned-majority owned operating member companies
The Federal Government has concluded plans to put a policy in place for the regulation of use of drones for commercial purposes.
Lola Ekugo runs an online business that connects travelers and people in Nigeria who want to buy items abroad or transport documents from abroad.
A new vista has been added to the ongoing search for commercial hydrocarbon in the inland sedimentary basins by the Research and Development Division of the Nigerian National Petroleum Corporation in collaboration with US based Halliburton.
Afreximbank, Kings College Hospital enter agreement with Health Ministry for Healthcare Centre of Excellence in Nigeria
The African Export-Import Bank, Kings College Hospital, London, and the Nigerian Ministry of Health have entered into an MOU to collaborate in developing a centre of excellence for healthcare in Nigeria.
The embattled Etisalat Nigeria on Thursday rallied to move away from the shadows of its troubles by taking a new brand name.
To strengthen resilience of communities from the loss of livestock assets, Food and Agriculture Organization, FAO, has distributed 3600 goats to improve household nutrition and rebuild livelihood of vulnerable communities
AJW Group has signed an agreement with Aero Contractors, the Nigerian-based airline, to assist in the restructuring and upgrading of their MRO support services.
Uber on Friday sealed pact with Germaine Auto Centre - a Nigerian based auto service and maintenance company - to provide maintenance services to its driver partners.
The Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supply 60 per cent of Dual Purpose Kerosene (DPK), popularly known as kerosene, consumed in the country.
VAIDS is a golden opportunity for Nigerian companies to regularise their tax affairs - Sage West Africa
Nigerian companies and entrepreneurs that don’t have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS).
Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, has acquired a majority stake in Zenith Life of Nigeria and formed exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production.
Josh Okpata has built a unique business in Nigeria and Kenya, the first of its kind in Africa that allows peer to peer leasing for businesses and individuals.
Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year, to cater for growing demand to and from the United Arab Emirates.
Guaranty Trust Bank has transformed the old Herbert Macaulay Library, Yaba, into a state of the art learning and recreation facility.
Case IH has entered the Nigerian market by unveiling tractors that will be sold and serviced by its exclusive distributor and after-sales service supplier, Dizengoff Nigeria.
The Senate of Nigeria has approved the National Youth Service Corps scheme for graduates of National Open University of Nigeria (NOUN).
[Nigeria] Erin Energy Drilling and Production Update - Oyo-9 expected to increase production by 6-7bpd
Erin Energy Corporation provided an update today on its drilling operations that are expected to double production for the Company and also updated its plans for drilling one of its prime exploration prospects.
The French Development Agency (AFD) has committed over one billion euros in Nigeria, the French Ambassador to Nigeria, His Excellency Denys Gauer, has said.
The import-export industry has gradually developed over the years. This is due to the diversification of most government from oil as the core revenue generating methods for the nation to non-oil income.
BON Hotels announced the signing of its 12th hotel in Nigeria, further increasing the company’s presence and footprint in West Africa and making the group the largest hotel management company in Nigeria, with additional opportunities still in play.
Ethiopia national carrier Ethiopian Airlines has finalized preparations to start scheduled thrice weekly services to Kaduna, Nigeria, as of August 1st, 2017.
The MTN Group has appointed Dirk Karl to head up its procurement and supply chain management, effective from 1 November 2017.
The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated Upstream contracts being executed by its various service providers.
General Electric, the world’s premiere Digital Industrial Company has announced the graduation of the third batch of 28 young Nigerian entrepreneurs from its Lagos Garage.
The Citibank has granted a N500 million loan to Accion Microfinance Bank as part of efforts to promote the development of the microfinance sector in Nigeria.
The recent strategic intervention of the Nigerian National Petroleum Corporation which led to a 42 percent fall in the price of Automotive Gas Oil, popularly called diesel, has continued to sustain the downward price across the country.
Guinness Nigeria Plc has now received clearance of the issue documents from the Securities and Exchange Commission and approvals from the Nigerian Stock Exchange to list the new Guinness Nigeria shares on The Nigerian Stock Exchange.
Sage, the market and technology leader for integrated accounting, payroll & HR and payment systems, has announced that Sage One Payroll and Sage One Invoicing is available in Nigeria.
Though the story line on Africa has progressed – it is no longer about “saving” Africa, but how best to promote investments in Africa – there is still work to be done to tackle inaccurate information about Africa that persists in mainstream media.
The African Export-Import Bank has in Kigali signed agreements to provide financing facilities totaling $1.11 billion to support African entities engaged in intra-African trade.
The plan by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost on Thursday with the execution of a tripartite agreement in Abuja.
ECOWAS should adopt a two-track approach to introduction of common currency - Former President Obasanjo
The Economic Community of West African States (ECOWAS) should adopt a two-track approach to the introduction of a common currency, with countries that are ready being allowed to go ahead with implementation initially.
Guaranty Trust Bank plc, has transformed the old Herbert Macaulay Library, Yaba into a state of the art learning and recreation facility.
Finland has expressed its readiness to construct a cyber-security system in Nigeria and establish new ICT services in the country.
Nigeria’s economy may be in a difficult period, but with digitalisation at the core of the national banking strategy, financial inclusion has been given room to grow.
The Federal Government of Nigeria has said that it would formally flag off the export of yam to Europe on Thursday.
The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry, stating that Nigeria remains her first economic trading partner in Africa.
In a world first, Nigeria is pioneering a new solar electricity service and it is already transforming lives.
United Bank for Africa's Foundation’s initiative, Read Africa, is visiting schools in African countries to encourage young children embrace the culture of reading.
Comptel Corporation has announced that Etisalat Nigeria is launching its time-based mobile data solution BlazeOn, powered by Comptel’s FWD solution, in the Nigerian market.
South African Investment Bankers have lauded the Lagos Business School for hosting the International Executive Development Programme (IEDP) for the Banking Sector and Training Authority (BANKSETA).
The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery.
The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with an Indonesian firm, PT Intim Perkasa.
Bolloré Logistics Nigeria has been handling a warehouse management contract to run Unilever Nigeria Plc.’s 16,290 sqm warehouse since September 2016.
The Nigerian Stock Exchange (NSE) has unveiled X-Academy, a knowledge-platform designed to provide education services to individuals for better understanding of various aspects of the capital markets.