Domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States.
54gene has unveiled its new lab in Lagos State, Nigeria, capable of human whole genome sequencing and a variety of other scientific investigations.
International technology group ANDRITZ has received an order from Mainstream Energy Solutions for the modernization of one generation unit at Jebba hydroelectric power plant on the Niger River.
Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when the region will see a recession brought on by the COVID-19 pandemic – healthy economic expansion.
3G and 4G base transceiver stations (BTS) deployment in Nigeria has increased from 30,000 to 53,460. This is according data reeled out by the Executive Vice Chairman of Nigerian Communications Commission.
Echelon Capital has announced plans to inject US$1 million in funding in Nigerian tech startups beginning February 2021.
Through the USAID-funded Feed-the-future Nigeria Integrated Agriculture Activity, IITA has trained 300 women in homestead gardening in northeastern Nigeria.
Nigeria’s edtech startup uLesson has raised $7.5 million Series A funding led by Owl Ventures, with inclusion from existing investors, TLcom Capital and Founder Collective and participation from new investor LocalGlobe.
Autochek, the automotive technology company that aims to build solutions for the African market, has commenced operations in Accra, Ghana.
[Vacancy] Africa Business Communities wants to work with freelance African Business and Tech Journalists, Bloggers
Africa Business Communities is looking for Freelance Business and Tech Journalists, Bloggers in Nigeria | South Africa | Ethiopia | Uganda | Ghana
Heirs Holdings, the African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc, Nigeria’s largest publicly listed conglomerate, have announced the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets.
Tizeti West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four thousand Naira ($8)
Nigerian man creates MelaninPeople social media app to celebrate Africa, Africans & African Diaspora
A Nigerian man Adeyinka Adegoke has created MelaninPeople, a social networking app designed to connect a range of Black and brown businesses, individuals and professionals.
The Shell Petroleum Development Company of Nigeria (SPDC), completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas.
Dangote Industries Ltd has stated that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal.
Starsight, a Commercial and Industrial (C&I) solar power provider in West Africa announced that Finnfund and Norfund have increased their senior debt facility from $10 million to $20 million.
The National Youth Service Corps (NYSC) and IITA are partnering to open up opportunities to youth in Nigeria.
Value Seeds, Mastercard Foundation partner to support women farmers' recovery and resilience in Nigeria
10,000 women in Nigeria will be selected as direct beneficiaries of a two-year agricultural intervention, as Value Seeds launches their COVID-19 Recovery and Resilience Intervention Project in partnership with the Mastercard Foundation.
Norwegian TMC Compressors (TMC), global supplier of compressed air systems for marine and offshore use, has been contracted to supply a complete offshore topside compressed air system to the Bonga Main FPSO in Nigeria.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is has appointed Tennyson Securities to act as the Company's Joint Broker alongside SP Angel Corporate Finance.
In preparation for its imminent demutualisation, the Nigerian Stock Exchange (NSE) inaugurated its Claims Review Panel, pursuant to the provisions of the Demutualisation of The Nigerian Stock Exchange Act 2018.
Kaspersky experts expect growing economic turbulence along with the impact of COVID-19 to contribute to an increase in cybercrime across South Africa, Kenya, and Nigeria this year.
Globeleq, an independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing Nigerian power business called CPGNL Limited.
Farmers in Nigeria, the first country where Fall Armyworm (FAW) was detected in Africa in 2016, will soon get access to a biological tool that will prevent an infestation of the invasive pest.
Ventures Platform Foundation (VPF), the social impact arm of Ventures Platform Hub, has opened applications for its latest incubation programme, Gov Labs.
The UK-Nigeria Tech Hub and Nigeria’s engineering training institute Decagon Digital have announced the pilot phase of their Developer Placement Programme.
The United Nations Development Programme (UNDP) Nigeria launched the Sustainable Development Goals (SDG) Investor Maps, as part of the Global UNDP SDG Impact Initiative.
The National Council of The Nigerian Stock Exchange (NSE) announced Chief Executives who will head its operating and non-operating companies upon the completion of its ongoing demutualisation.
Mobile-phone-based crypto app startup Electroneum has expanded to four more African countries. The new countries are Sierra Leone, Togo, Benin, and Ivory Coast.
CARMA is an African-based startup that offers proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis.
Nigeria’s Fidelity Bank has announced new Board appointments in place of some of its outgoing Directors, who recently successfully completed their tenure on the Board in accordance with the Bank’s internal governance policies.
BUA Cement signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.
Panoro Energy announced that PetroNor E&P and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Aje field offshore Nigeria.
The Nigerian Department of Petroleum Resources (DPR) shortlisted 161 successful companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country.
BW Offshore signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2021, with options until Q2 2023.
Dangote Cement Plc is to train and support members of cooperative societies in Kogi in its efforts to create alternative platforms for empowerment and job creation as part of its corporate social responsibility in the state.
Kenya-based digital bank for emerging markets Umba has raised a US$2 million seed funding round to help it expand product capabilities.
[Nigeria] Ministry of Communications launches Improved National Identification Number slip and mobile app
Nigeria’s Ministry of Communications and Digital Economy has approved the development and release of an improved National Identity Number (NIN) slip and a Mobile App.
Afreximbank and Credit Suisse complete a $1 billion 3-year syndicated term loan for Nigeria’s Bank of Industry
African Export-Import Bank (Afreximbank) has announced the closing of a $1 billion facility for the Bank of Industry, Nigeria's state-owned development bank.
Mobile technology company Mondia has today announced the launch of its time-based entertainment platform Monsooq in Nigeria. This follows on the heels of the initial launch in South Africa.
[Nigeria] Government extends deadline for Telcos to block SIMs without National Identification Number
The Federal Government of Nigeria has extended the deadline for registration of SIMs with National Identification Number, (NIN) as well as the cancellation of USSD and Verification Fees.
Seplat Petroleum Development Company has announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited.
The Nigerian Stock Exchange (NSE) launched X-PO, an online platform for the subscription of public offerings (POs), following the “No Objection” letter received from the Securities and Exchange Commission (SEC).
Mastercard has partnered with Junior Achievement Nigeria (JAN) to help bridge the digital and financial literacy gap amongst school students and young adults in Nigeria.
Paxful has seen impressive growth in 2020 so far with Kenya being one of its top African countries with almost 390% volume growth YOY.
The Department of Petroleum Resources (DPR) has shut down a filling station for dispensing adulterated products and seven unlicensed Liquefied Petroleum Gas (LPG) refilling plants in Rivers State.
Parallel Wireless, Inc. has been selected by Hotspot Network Limited to deliver 2G, 3G and 4G coverage across planned 2,000 villages in Nigeria.
Further to its previous announcements regarding its proposed investment in Decklar Petroleum (Decklar) and the Oza Field in Nigeria, San Leon announced that the parties have agreed to extend the completion date to early in the new year.
Global credit rating agency AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Continental Reinsurance Plc Nigeria.
The World Bank discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 and approved a $1.5-billion package to help build a resilient recovery post-COVID19.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) have signed an agreement on $30 million Working Capital Scheme that will support the operations of oil companies.
WorldRemit, a cross-border digital payments service, has launched a service for customers in Nigeria to receive international transfers in their bank accounts in USD.
Mobility solutions provider Comviva has today announced a strategic partnership with Ooredoo Kuwait to deliver Machine Learning driven CVM campaigns
Liquid Telecom has appointed Wole Abu as Chief Executive Officer (CEO) for Nigeria. Wole will also serve as the CEO of the company's new Africa Data Centre (ADC) in the country.
Nigeria’s specialised local currency infrastructure credit guarantee firm InfraCredit has completed an approximately $27m equity investment by InfraCo Africa.
Clickatell believes banks, particularly in the emerging markets, can increase their reach by a factor of three if they implement chat
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that its wholly owned subsidiary, Mayfair Assets and Trusts Limited has received a letter from Optimum Petroleum Development Company communicating its enforcement of the default clause.
ADM Energy announced it has received ministerial consent from the Nigerian Minister of Petroleum Resources (DPR) to complete the transfer of a participating interest of 2.25% in OML 113 from EER (Colobos) Nigeria to the Company.
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71 per cent of the region’s total growth.
[Nigeria] Department of Petroleum Resources to collaborate with oil producers for business sustainability
The Department of Petroleum Resources (DPR) says it will collaborate with the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry for business sustainability in the oil and gas industry.
The Nigerian oil refining capacity has increased by 63 per cent between 2010 and 2018. The Nigerian oil & gas downstream sector is driven by the development of large and modular refineries.
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that Linda Beal, a Non-Executive Director of the Company.
In May this year, the International Institute of Tropical Agriculture (IITA) partnered with the Mastercard Foundation to start the Young Africa Works-IITA Project, an innovative approach to agribusiness training and start-up for Nigeria’s young people.
Insights from Africa's Largest Career Portals reveal Impact of COVID-19 on Jobs Markets in Nigeria, Ghana and Kenya
ROAM Africa (Ringier One Africa Media) has today released three new labour market reports that shed more light on the effects of the COVID-19 on the African jobs market.
The partnership will help rapidly enhance Indosat’s customer first marketing capabilities through Comviva’s AI based advanced analytics and marketing automation solution.
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its credit cards.
WorldRemit, adigital cross-border payments business has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its cash pick up providers.
Dangote Oil Refinery has been listed among the top 20 influential projects surveyed in the last 18 months by the renowned Project Management Institute (PMI) global, for the potential to fuel Nigeria’s economic transformation.
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that it has appointed finnCap Ltd and Panmure Gordon (UK) Ltd to act as its joint corporate brokers.
Seplat Petroleum Development Company Plc, a Nigeria energy Company, continues to make notable strides with its drive to improve the standard of education in the country, particularly for its host States.
The Nigerian Stock Exchange (NSE) announced the migration of Chellarams , Living Trust Mortgage , McNichols , and The Initiates from the Alternative Securities Market (ASeM) to the Growth Board.
Wolters Kluwer has announced that the Evercare Group, an impact-driven healthcare network in emerging markets, has chosen UpToDate® Advanced to enhance patient care and quality throughout its group.
Waltersmith, UNIDO and UNECA have signed a technical support agreement with respect to the development of an Industrial Park by Waltersmith.
In order to respond to the current global crisis, manage through the uncertainties and seize the identified opportunities, the Managing Director of Total E&P Nigeria Ltd, Mike Sangster has advocated for the development of Nigeria’s abundant resources before it is too late.
Kwik Delivery and Mastercard have announced a partnership to provide discounts on all Kwik Delivery services to Mastercard cardholders in Nigeria.
Shell lubricant products will be widely available in the Nigerian market following a new deal with Ardova PLC(AP).
Lagos State Health Management, First Bank partner to promote access to affordable healthcare in Nigeria
The Lagos State Health Management Agency (LASHMA) has partnered with First Bank of Nigeria to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health Scheme (LSHS).
[Nigeria] Department of Petroleum Resources sensitizes petrol stations on environmental safety rules
Mrs Roseline Wilkie, the Zonal Controller of Department of Petroleum Resources (DPR) in Imo, has advised Petrol station managers to observe environmental safety rules in their premises.
Digital solutions provider Comviva, has won the 2020 Glotel Awards, 2020 Telecoms World Awards, 2020 CX Asia Excellence Award and The RemTECH Awards 2020 for its mobiquity® – COVID-19 Response solution.
After announcing a new partnership with streaming giant Netflix last week to create an Episodic Content Development Lab for African writers, Realness Institute is now calling for submissions.
25 African tech startups have qualified for the Seedstars World Competition 2020. The startups are among the 94 from emerging markets that were selected to advance to the regional stage of the competition.
Nigeria’s Imo State Governor, Senator Hope Uzodinma led by a team of Seplat executives recently went on a tour of the ANOH gas plant facility sited at Asaa, Ohaji/Egbema in Imo state.
MainOne, West Africa’s communications services company for business, has become the first Microsoft Azure Peering Services partner for West Africa, providing enterprises using Microsoft Cloud services.
Nigeria’s Department of Petroleum Resources, DPR, has introduced new guidelines to accommodate more Liquefied Petroleum Gas, LPG, investors and operators across the country.
Nigeria's President Muhammadu Buhari recently performed the virtual commissioning of the 5,000 barrels per day (bpd) Waltersmith Modular Refinery, developed with 30 percent equity investment by the Nigerian Content Development and Monitoring Board.
Shell Nigeria boosts Enugu State University of Science and Technology training capacity with new ICT centre
Nigeria’s deep-water energy company, The Shell Nigeria Exploration and Production Company (SNEPCo) has donated an Information and Communications Technology (ICT) Centre to the Enugu State University of Science and Technology.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and Africa, has announced that Lekoil Oil and Gas Investments Limited, in which the Company has a 90 per cent. economic interest, has fully repaid the Prepayment Facility.
The Nigerian government has signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products.
San Leon Energy announced that further to its earlier announcements regarding its proposed investment in Decklar Petroleum and the Oza Field in Nigeria, the parties have agreed to an additional three week extension to 14 December 2020.
Lagos Free Zone (LFZ), the first privately owned special economic zone in Nigeria with an integrated deep sea port, is home to several reputable global brands.
Qatar Airways will operate three weekly flights to Abuja, Nigeria via Lagos from 27 November 2020.
Realness Institute has announced its partnership with global streaming service Netflix, to create an Episodic Content Development Lab for writers in South Africa, Kenya, and Nigeria.
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.
Facebook has announced a new campaign aimed at spotlighting Nigerian and Ghanaian entrepreneurs using Facebook, Instagram and WhatsApp to grow their businesses.
Nigeria's Guaranty Trust Bank (GTBank) released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchanges, reporting Profit before Tax of ₦167.4 billion.
Egypt Petroleum Minister Tarek el Molla recently held a meeting with Nigerian Minister of State for Mines and Steel Development Uchechukwu Ogah to discuss means of boosting bilateral cooperation.
Access Bank has appointed Seyi Kumapayi and Omosalewa Fajobi as Executive Director and Non-Executive Director respectively following approval of the Central Bank of Nigeria.
Africa-focused Morocco-based B2B VC fund Outlierz Ventures has announced new investments into three Nigerian startups - Bamboo, Youverify and Healthlane.
WorldRemit, a global digital payments company, has launched an Africa-focused entrepreneurship programme in Kenya, Nigeria, Ghana and Zimbabwe.