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30-10-2014 23:52:00 | by: Administrator | hits: 4606430 | Tags:

[Nigeria] Netplus and and Mastercard deliver cashless online shopping payment solution
22-06-2017 | 14:21:36
The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery.
Indonesia to build refinery in Nigeria
22-06-2017 | 10:08:00
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 secures warehouse management contract with Unilever
21-06-2017 | 10:35:00
Bolloré Logistics Nigeria has been handling a warehouse management contract to run Unilever Nigeria Plc.’s 16,290 sqm warehouse since September 2016.
Nigeria Stock Exchange launches academy on capital markets
20-06-2017 | 12:07:06
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.
[Nigeria] Erin Energy Provides Drilling and Production Update
20-06-2017 | 10:11:00
Erin Energy Corporation has provided an update on its drilling operations that are expected to double production for the Company, as well as updated its plans for drilling one of its prime exploration prospects.
[Nigeria] Dangote Refinery Contracts DuPont Technology for Clean Emission
20-06-2017 | 09:58:33
DuPont Clean Technologies announced that Dangote Oil Refinery Company Limited has commissioned a range of advanced proprietary equipment from DuPont for the construction of a new refinery in Lekki, Lagos.
[Nigeria] Union Bank launches ‘UnionAccelerate’ for medium-sized businesses
19-06-2017 | 11:10:00
Union Bank has announced the launch of UnionAccelerate, a high-interest savings account with zero bank charges for medium-sized businesses.
[Nigeria] MainOne launches plan to become largest internet hub in West Africa with Open-Connect Service
19-06-2017 | 10:49:00
Following the partnership of MainOne’s Data Center company with the Nigerian Internet Exchange to improve national transit traffic in Nigeria, the company has announced a new interconnect service for carriers.
Viola Graham-Douglas becomes Guinness Nigeria’s Corporate Relations Director
19-06-2017 | 09:37:00
Guinness Nigeria Plc has announced the appointment of Viola Graham-Douglas as its Corporate Relations Director.
[Nigeria] NNPC crashes diesel price nationwide by 42%
19-06-2017 | 09:09:00
Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation.
GT Bank unveils GTPatriot, a subsidized banking package for Nigeria’s military personnel
16-06-2017 | 07:48:25
Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services.
Nigeria receives U.S.$3.7b revenue in taxes, royalties from Anglo-Dutch Shell Group
15-06-2017 | 12:24:00
The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties from Anglo-Dutch Shell Group.
Nigeria's newest airline prepares for take off in final quarter
14-06-2017 | 16:40:41
A new and ambitious airline is being cleared for take-off in Nigeria. JetWest could make its maiden voyage in December, and the team behind it is aiming high.
Libya and Nigeria increase OPEC's production
14-06-2017 | 16:05:00
OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows.
[Nigeria] African Development Bank supports Afe Babalola University expansion with $40m loan
14-06-2017 | 14:28:00
The African Development Bank (AfDB) has signed agreements for a corporate loan to finance the expansion of Afe Babalola University (ABUAD) in Ado Ekiti, Nigeria.
Nigeria elected into International Labour Organization governing body
13-06-2017 | 14:53:00
A decade after Nigeria was last elected into the Governing Body of the International Labour Organisation, Nigeria Labour Congress President, Ayuba Wabba was yesterday elected into the body for the next three years.
Danish firm, DESMI, partners Nigeria on oil pollution cleaning
13-06-2017 | 11:50:00
To ensure that the oil producing environment in Nigeria is free of pollution from toxins, Danish oil firm, DESMI, has mapped out strategies to bring emergency response solutions to the country.
[Nigeria] 371, 000 Internally Displaced Persons to benefit from Dangote Foundation’s donation in Borno
13-06-2017 | 10:11:00
Africa’s foremost businessman, Aliko Dangote has donated food items worth more than N200 million to the people of Borno state.
Foreign-Currency Liquidity Improving for Nigerian Banks - Fitch
12-06-2017 | 13:44:53
Nigerian banks' ability to access foreign currency has improved considerably since the Central Bank of Nigeria introduced a foreign exchange "window" at end-April aimed at investors and exporters, Fitch Ratings says.
The International Institute of Tropical Agriculture expands research investment with 205.5 hectare research farm in Nigeria
12-06-2017 | 11:44:57
As the International Institute of Tropical Agriculture (IITA) marks its 50th anniversary, the Institute today inaugurated a new research station in Ago-Owu in Osun state, Nigeria.
[Nigeria] NNPC Increases Gas Supply for Power Generation
12-06-2017 | 11:06:00
Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation.
[Nigeria] FirstBank partners Zons PR to sponsor Afrobeat radio show in the US
12-06-2017 | 10:42:00
AfroZons is the first ever Afrobeat show on a major radio FM network in USA. It is a weekly showcase of the latest culture trends, topical conversations and music from Africa.
[Nigeria] MainOne CEO nominated as top EMEA influencer at DataCloud Europe
12-06-2017 | 09:14:15
West Africa’s premier Connectivity and Data Center Solutions Company, MainOne has reinforced its commitment to building out West Africa’s Data Center capacity at the Data Center Africa Summit taking place at the DataCloud Europe 2017 conference in Monaco.
[Nigeria] NCDMB, Dangote Group Begin Collaboration on 650,000bpd Refinery
09-06-2017 | 15:30:00
The Nigerian Content Development and Monitoring Board and Dangote Group, have commenced collaborations towards ensuring maximum utilisation of local capacities in the construction of the company’s 650,000 barrels per day refinery.
[Column] Brett Parker: How homegrown innovation is solving many of Africa's most pressing challenges
09-06-2017 | 11:01:00
By now, I am convinced that you have heard of M-Pesa, the popular and often-cited mobile banking system that has become Africa's innovation calling card.
Nigerian Communications Commission wins European Society for Quality Research award
09-06-2017 | 10:50:00
The Nigerian Communications Commission (NCC), for the second consecutive year, has won the European Society for Quality Research (ESQR) award.
[Nigerian] NNPC Consolidates Use of ICT for Efficiency, Competitiveness
09-06-2017 | 09:45:00
The Group MD of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said that NNPC was on the fast lane to attain efficiency and competitiveness through reliance on Information Technology.
[Nigeria] Oracle expands presence in Africa with new Abuja office
07-06-2017 | 10:00:00
Reinforcing its commitment to Africa, Oracle has opened a new office in Abuja that will focus exclusively on driving cloud adoption across Nigeria’s Public Sector.
African Aircraft Leasing Company mulls $20b investment in Nigeria
06-06-2017 | 12:00:00
An indigenous aviation firm, African Aircraft Leasing Company (AALC), plans to invest about $20 billion in the country to facilitate the leasing of aircraft for local operators.
[Nigeria] Re-commissioned Mosimi, Kano Depot take pressure off highways - NNPC
06-06-2017 | 09:02:00
Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has said that the corporation’s recently re-commissioned Mosimi and Kano depots have impacted positively on highways across the country.
[Nigeria] PayU moves to connect businesses to $64 million online payment market
06-06-2017 | 07:32:00
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.
[Nigeria] Federal Government inaugurates committee on proposed ICT University
05-06-2017 | 11:21:00
The Federal Government on Thursday in Abuja inaugurated an implementation committee to facilitate the establishment of the proposed Information Communication Technology (ICT) University of Nigeria.
[Nigeria] Heritage Bank supports Triton Group reforestation project in Oyo State
05-06-2017 | 10:31:00
Heritage Bank has thrown its weight behind Globus Resources, a subsidiary of theTriton Group, to flag off the second phase of afforestation program in Oyo state.
[Nigeria] NNPC and Bayelsa to Collaborate on new Power Plant and Brass Fertilizer
05-06-2017 | 07:33:00
The Nigerian National Petroleum Corporation (NNPC) and the Bayelsa State Government are to build a power plant in the state.
MTN kicks off employee volunteer program with call to share knowledge
01-06-2017 | 09:57:57
MTN Group is inviting social media users across Africa and the Middle East to join its employees in a virtual campaign to break down traditional barriers to education.
Indonesia seeks more crude oil from Nigeria
01-06-2017 | 09:46:00
Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.
[Nigeria] NEMA Adopts Cash Transfer as Disaster Relief Response
01-06-2017 | 09:23:12
The National Emergency Management Agency (NEMA) has adopted cash transfer as one of the strategic ways of reaching out to disaster victims.
[Nigeria] CcHub and Google for Entrepreneurs launches European PitchDrive tour to raise $22 million for African tech start ups
31-05-2017 | 08:35:24
Co-creation Hub (CcHUB), a technology innovation Centre in Nigeria and Google for Entrepreneurs, have announced the launch of PitchDrive, a three week, five-city European tech hub tour
[Nigeria] Shell Petroleum Development Company celebrates top-performing students, inducts them into mentorship program
30-05-2017 | 11:21:00
Beneficiaries of The Shell Petroleum Development Company (SPDC) Joint Venture undergraduate scholarship who have consistently earned excellent grades have been inducted into a new mentorship program.
Nigerians Speak on 18 Years of Uninterrupted Democracy
30-05-2017 | 11:04:44
Most Nigerians observed yesterday that democracy has proved to be the best system of government for the country, despite its challenges.
GE unveils Nigeria’s first 3D auto-Ultrasound breast centre
30-05-2017 | 10:54:18
General Electric healthcare in West Africa and Central Africa has equipped and launched Nigeria’s first breast and gynecology center with state of the art medical machinery, in Lagos.
[Nigeria] NNPC to Build Metering Plant to meet Egbin Power Plant Expansion
30-05-2017 | 03:12:30
​The Nigerian National Petroleum Corporation is to build 500million standard cubic feet of gas per day metering plant to serve the planned capacity expansion of Egbin Power Plant.
[Nigeria] Dangote to spend 10 billion dollars on rice cultivation, gives tools to block makers
30-05-2017 | 02:53:00
The Dangote Group shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor.
Nigeria’s agricultural sector is now attracting us - Spain
29-05-2017 | 13:32:40
The Embassy of Spain in Nigeria on Thursday announced that Nigeria’s current efforts at developing her agricultural sector had started attracting the interest of more Spanish companies.
Report on Port & Intermodal Projects in West Africa
29-05-2017 | 12:20:00
West African region, much like their easterly neighbours, is experiencing a surge in port development projects which will greatly expand, modernise and link shipping infrastructure across the region over the course of the next five years.
SNEPCo’s Bonga delivers 702 million oil barrels for Nigeria in 12 years
29-05-2017 | 11:15:00
The Bonga oil field has produced about 702 million barrels of oil since inauguration in 2005, and operated at more than 92 percent availability in 2016.
[Nigeria] FirstBank Re-elected to the Board of Advisors of PCI SSC: Remains the only African Bank on the Board
29-05-2017 | 10:57:06
First Bank of Nigeria Limited has been re-elected into the Board of Advisors of the Payment Card Industry Security Standards Council (PCI SSC) for the third consecutive time.
Why Made-in-Nigeria will give small businesses a boost - Sage
29-05-2017 | 10:19:00
Nigerian Federal Government should be commended for putting the spotlight on local manufacturers through initiatives, such as the Made-in-Nigeria Dress Days.
[Nigeria] NNPC Invites Chinese Investors for its R&D Venture
29-05-2017 | 09:55:00
The Nigerian National Petroleum Corporation has established contacts with some Chinese investors to partner in its Research and Development, R&D, venture.
[Nigeria] Kaspersky Lab in online private security drive with new solution for PCs and Macs
26-05-2017 | 08:38:16
Kaspersky Lab has introduced Secure Connection in Nigeria, a solution for encrypting traffic on Windows and Mac computers
[Nigeria] GTBank and Total collaborate to provide cash-out service in Total service stations
25-05-2017 | 10:20:40
Total customers can now make cash withdrawals in select Total Service Stations without an Automated Teller Machine (ATM).
[Nigeria] 34 Firms Bid for NNPC Digitization Project
25-05-2017 | 10:05:00
The Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters.
[Nigeria] S&P assigns B/B ratings and stable outlook on United Bank for Africa
24-05-2017 | 11:12:05
Standard and Poor’s (S&P) assigns ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa PLC (UBA).
Globetom’s Electronic Distribution Platform reaches Nigeria
24-05-2017 | 11:00:00
Globetom’s has announced that their cloud service for electronic distribution and payment solution management is making a market entry into Nigeria.
[Nigeria] Glo records highest data penetration in Q1 of 2017
24-05-2017 | 10:48:40
Globacom has strengthened its position as Nigeria’s preferred data network by recording the highest data penetration among the four major operators in the telecommunications industry.
[Nigeria] CBN makes N3.3 billion from banks’ borrowing
24-05-2017 | 08:00:00
Through frequent borrowing from the Central Bank of Nigeria (CBN) by commercial banks, the regulator recorded N3.29 billion as interest income in February 2017.
Zeno Ventures backs Tizeti to bring unlimited Wifi to Africa
23-05-2017 | 11:38:31
Venture capital firm, Zeno Ventures, has closed an investment in Tizeti Inc., a Menlo Park, CA and Lagos, Nigeria based startup that participated in the latest batch of Y Combinator.
[Nigeria] 10 banks rake in N138bn from alerts, e-services in one year
23-05-2017 | 11:21:00
Leading banks in Nigeria have reported a significant rise in income from fees they charge customers for use of their various electronic banking services.
[Nigeria] Products Supply to Improve as NNPC Revives Kano Depot Three Years After
23-05-2017 | 09:57:31
Petroleum products supply to the Northern part of the country received a boost yesterday as the Nigerian National Petroleum Corporation, NNPC, re-commissioned its Kano Depot, even amidst encomiums poured on the Corporation for reviving the facility.
[Nigeria] OGUNCCIMA lauds Dangote Group’s collaboration as Group’s subsidiaries offer products at subsidised prices
23-05-2017 | 08:44:00
The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians.
MainOne advocates need for greater investments to drive data explosion in Africa
22-05-2017 | 12:09:00
Experts at the International Telecoms Week conference in Chicago have highlighted the need to accelerate investment in Africa to facilitate the continent’s broadband data explosion.
Afreximbank's financing to Nigeria tops $35 billion
19-05-2017 | 16:53:40
The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities since its inception to support the country's economic and trade growth, Bank President Dr. Benedict Oramah has said.
[Column] Magnus Nmonwu: Nigerian CIOs must focus on the needs of the connected consumer
19-05-2017 | 09:36:00
The IDC CIO Summit, currently underway in Lagos, is focusing on how the next wave of social, mobile, analytics and cloud (SMAC) technologies will unleash innovation and productivity in the enterprise by delivering better employee and customer experiences.
Ratko Knezevic appointed by Aiteo Group to drive growth and diversification in Nigeria and Africa
17-05-2017 | 10:29:48
Aiteo Group has announces the appointment of Mr. Ratko M. Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development.
[Nigeria] She Leads Africa launches accelerator for women run businesses with Work in Progress Alliance
15-05-2017 | 16:13:00
She Leads Africa has announced applications for the 2017 She Leads Africa Accelerator, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs.
[Nigeria] Lagos state government partners with MainOne on free WiFi project
15-05-2017 | 13:54:56
The Lagos State Government has launched a free public Wi-Fi project at parks and gardens in Lagos in partnership with MainOne.
Sabre celebrates ten years of growth in Nigeria
11-05-2017 | 17:11:20
Global travel technology provider, Sabre Corporation, is celebrating ten years of success in Nigeria and the continued growth of the local travel industry.
Etisalat Nigeria says no deadlock in negotiation with banks
11-05-2017 | 12:01:00
Etisalat Nigeria has reacted to reports claiming that the on-going discussions with its bankers have become stalled or reached a deadlock.
[Nigeria] NNPC, Partners to Boost Domestic Gas Supply by 285%
11-05-2017 | 10:08:00
Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from1.3billion standard cubic feet per day to 5bscf/d by 2020.
Transnet to expand foothold to eight African countries
09-05-2017 | 16:37:08
Africa’s leading freight logistics chain Transnet has been on an expansion binge and is expected to set up shop in eight more African countries including Kenya, Liberia, Ghana, Nigeria, DR Congo, Senegal, Togo and Benin.
Standards Organisation of Nigeria Opens Seme Office
09-05-2017 | 10:26:00
The Standards Organisation of Nigeria (SON) on Sunday inaugurated its Seme border office with assurance to intensify efforts at checking influx of substandard products into the country through land borders.
[Nigeria] CcHub Launches ‘Diaspora Challenge’ in London
09-05-2017 | 09:08:15
Co-creation Hub (CcHUB), the leading social innovation centre in Nigeria, has launched the ‘CcHub Diaspora Challenge’, an international project that will engage entrepreneurs, innovators and scientists from African communities in the UK and source scalable business solutions to social challenges in Africa.
[Nigeria] Shell trains medical workers in emergency care in Anambra State
08-05-2017 | 10:20:00
Shell Nigeria Exploration and Production Company (SNEPCo) has facilitated the training of medical workers from hospitals in Anambra State on emergency resuscitation.
Samsung S8 and S8+ released in Nigeria
08-05-2017 | 09:58:00
The all new Galaxy S8 and S8+, has been launched into the Nigerian market by Samsung Electronics. The Nigerian launch event recently took place at the Renaissance Hotel, GRA, Ikeja, Lagos.
[Nigeria] UBA introduces mobile payments with *919# Magic Banking
04-05-2017 | 10:59:00
African financial institution, United Bank for Africa, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria.
[Nigeria] 2019 Target of Exiting PMS Importation is Achievable - NNPC
04-05-2017 | 09:27:43
The 2019 target set by the Nigerian National Petroleum Corporation to exit importation of Premium Motor Spirit (PMS) is still achievable, Group Managing Director, Dr. Maikanti Kacalla Baru, has said.
Paga, NIPOST partner for financial inclusion in Nigeria
03-05-2017 | 09:58:00
In order to try and achieve their shared goal of a Nigeria which offers financial inclusion for all, Paga and the Nigerian Postal Service (NIPOST) recently announced a partnership which is aimed at doing just that.
GBfoods, Jumbo's Owners, Helios form Joint Venture to create a Pan-African Food Products Company
03-05-2017 | 09:05:00
GBfoods, a leading multinational food company headquartered in Barcelona, and Helios Investment Partners, a premier Africa-focused private investment firm, have partnered to create one of Africa's largest FMCG businesses.
Islamic Corporation for the Development of the Private Sector and SunTrust Bank Nigeria to establish a new non-interest banking window
03-05-2017 | 07:08:07
The Islamic Corporation for the Development of the Private Sector (ICD), the private arm of Islamic Development Bank Group (IDBG), and Suntrust Bank Nigeria Limited (SBN), signed an agreement to establish a new non-interest banking window in SBN in Nigeria.
[Nigeria] Stakeholders seek regulatory review to boost mobile money
02-05-2017 | 11:54:00
Stakeholders in the mobile money ecosystem have called for a review of the prevailing mobile money regulatory framework, so that the country can achieve the target growth rate in the system.
[Nigeria] Oando Announces Q1 2017 Results, Posts N1.7b PAT
01-05-2017 | 10:02:00
Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced unaudited results for the three months period ended 31 March, 2017, with the following highlights:
Guinness Nigeria releases Q3 result
01-05-2017 | 09:30:32
Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its unaudited results for the nine months ended 31 March, 2017.
Forbes Woman Africa partners with Ecobank to Launch First Television Show, “Against the Odds with Peace Hyde”
27-04-2017 | 11:10:00
FORBES WOMAN AFRICA, the continent’s first-ever women’s interest magazine from the highly-successful FORBES stable, launches its very first television show through FORBES AFRICA TV, in partnership with Ecobank.
[Nigeria] 37 Companies Bid for NNPC Firefighting Trucks
27-04-2017 | 10:37:00
No fewer than thirty-seven companies have submitted bids to supply six triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company.
[Column] Aliko Dangote and Bill Gates: Why We are Hopeful About Improving Health in Africa
27-04-2017 | 10:01:00
This week, more than 138,000 vaccinators will fan out across five African countries in the Lake Chad area in a push to eliminate polio in Africa and rid the world of this terrible disease forever.
[Nigeria] GTBank Releases Q1 2017 Unaudited Results, Reports PBT Tax of ₦50.39b
27-04-2017 | 09:44:00
Guaranty Trust Bank plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian and London Stock Exchanges.
[Nigeria] Dangote Industries boost from USTDA for its solar power plant in Kano
26-04-2017 | 16:41:00
Dangote Industries Limited has received a grant from the U.S. Trade and Development Agency in support of its efforts to develop a 100 MW solar photovoltaic power plant with Black Rhino, an African infrastructure investor, in Kano State.
[Nigeria] MainOne launches data center project in Ogun State
26-04-2017 | 13:16:19
West Africa's leading connectivity and data center solutions provider, MainOne has pledged its commitment to boost Information and Communications Technology (ICT) in Ogun State with a data center project in Sagamu.
[Nigeria] Zaria College of Aviation to procure 20 aircraft from Government
25-04-2017 | 08:24:00
The federal government is to buy 20 aircraft to equip Nigeria College of Aviation Technology (NCAT) Zaria and make it a centre of excellence.
Nigeria to welcome 4G network after Airtel partners with ZTE
25-04-2017 | 07:55:00
Airtel Networks Limited and ZTE have announced a strategic partnership to launch 4G (fourth generation wireless mobile telecommunications technology) in Nigeria.
MainOne, Nigerian Internet Exchange partner to improve transit traffic
25-04-2017 | 07:44:00
The Internet Exchange Point of Nigeria (IXPN), has partnered with Maindata Nigeria (MDXi), a MainOne subsidiary, to improve national transit traffic by hosting a Point of Presence in the Maindata facility.
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.