Guaranty Trust Bank Plc has announced the launch of Beta Health, a low-cost health financing product that offers instant access to health insurance for every Nigerian.
For the third time in a row, Dangote has emerged as the most admired African brand, of African continent origin, by consumers, paired with the telecommunication giant, MTN.
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.
The Board of Premium Pension appointed Mr. Ibrahim Alhassan Babayo as its new Chairman, following the retirement of the erstwhile Chairman Arc. Yunusa Yakubu who held the position since 2017.
The World Bank approved two operations totaling $346 million in IDA financing to help strengthen resilience and livelihoods in the Lake Chad region, which is shared among Cameroon, Chad, Niger and Nigeria.
[Kenya] Check Point joins forces with Strathmore University to address cyber security skills shortage
Check Point Software Technologies, a leading provider of cyber security solutions globally, announced that its Check Point SecureAcademy education initiative has partnered with Strathmore University in Kenya.
Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has completed a €3.9 million Series A round.
Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app they are using.
The Nigerian Stock Exchange (NSE) announces that the Federal High Court Lagos has now granted an order sanctioning the Scheme of Arrangement for the demutualisation of NSE.
TDI-Brooks International has under contracts to TGS, completed the offshore multibeam phase offshore the Niger Delta.
Saipem, in joint venture with Daewoo E&C Co. and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project.
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG have now been met.
CBi Innovations Limited (CBiIL) has chosen the SAP Rural Sourcing Management solution to support 850 000 small maize producers and integrate them into the agricultural value chains.
Nigeria’s Ikeja Electric has added to its scorecard by becoming the first and only company in the sector to earn the latest ISO accreditation.
Cadbury Nigeria’s board of directors has voted to extend collaboration with extended partnership with confectioneries and beverages multinational, Mondelez International, for one year.
Convergence Partners announced that it has completed the 100 per cent acquisition of Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoire.
President Muhammadu Buhari has approved the immediate dissolution of the Interim Management Team and the appointment of an Acting Managing Director for the Bank of Agriculture in the person of Mr Alwan Ali Hassan.
Promasidor Nigeria, a consumer goods manufacturer says it has committed $5 million to jumpstart Ikun Dairy Farm in Ekiti State as it looks to bolster the economic prospect of the state.
Stanbic IBTC Holdings, a member of Standard Bank Group, has reaffirmed its exemplary role in promoting the tenets of gender balance in the country.
The Department of Justice announced that it has transferred $311.7 to the government of Nigeria to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha.
The African Development Bank approved an additional funding of € 12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project.
Rensource, a Nigeria-based provider of merchant infrastructure, has launched a digital platform, Merchlist, that helps small and medium-sized retailers get discovered quickly.
Emirates has announced plans to operate passenger services to limited destinations in Africa next week.
Agritask and Royal Exchange have announced the launch of a unique joint initiative digitizing crop and livestock insurance with a social KPI to underwrite one million small holder farmers by 2025.
With two of the continent's most ambitious industrial projects underway, Nigeria's Dangote Group has achieved the seemingly-impossible with an SAP-led digital transformation that was completed in record time.
The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission (NERC).
The Flour Mills of Nigeria has contributed N2 billion across the country in the fight against COVID-19. This money is made up of N1 billion in cash and another N1 billion in food relief materials and medical equipment.
The African Development Bank Group announced the debarment of China Zhonghao Nigeria a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.
A partnership between Nigerian-American legal and business firm, Menes Konsult and Asian Franchise Academy (AFA) has opened doors for African businesses to benefit from franchising opportunities.
UNICEF received a delivery of vital health supplies to support the fight against the COVID-19 pandemic in Nigeria on a flight funded by the Maersk Division APM Terminals.
Agriculture Ministry, NEMA partner to deliver food to vulnerable citizens amid COVID-19 crisis in Nigeria
Nigerian Ministry of Agriculture has collaborated with the National Emergency Management Agency (NEMA) for seamless lifting exercise of the grains from designated 6 Silos for delivery to Nigerians.
GP Global, a global energy-to-agriculture conglomerate, says it has made a strategic acquisition of the lubricants assets of Grand Petroleum, Nigeria's lubricants player.
Nigerian President Muhammadu Buhari granted approval to the Ministry of Agriculture and Rural Development to release 70,000 Metric Tons of assorted food items from the National Strategic Food Reserve stock.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
Standard Bank Group, the largest African bank by assets, has announced two new technology start-ups who have been selected and accepted into the Founders Factory Africa (FFA) Venture Scale programme.
HUMBL® and One Kiosk® will be teaming up to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs® delivery network.
WARIF founder Dr Kemi DaSilva says she’s doubling down in her efforts to help vulnerable populations in rural Nigeria.
The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.
Nigeria’s AFEX Commodities Exchange Limited has signed an agreement with FMDQ Holdings PLC to solidify their mutual interest in developing products to deepen the Nigerian capital market.
UN in Nigeria strengthens COVID-19 containment and care, mobilizes $2 million for key support to Government
The United Nations system in Nigeria has mobilized $2 million to help the Government’s efforts to contain the COVID-19 outbreak and care for those in the West African country stricken by the virus.
The Business Incubation Platform (BIP) of IITA has achieved an impressive yield of 23 tonnes per hectare for yam production in Nigeria.
Mathias Pwol is the CEO and producer of Trillaman Studio, an entertainment and media startup based in Lagos Nigeria.
AFEX Commodities Exchange and FMDQ Holdings have formalised their partnership by executing a Memorandum of Understanding, solidifying their mutual interest in developing products to deepen the Nigerian capital market.
Shelf Drilling has announced an early termination of a drilling contract for a jack-up rig operating offshore Nigeria.
9mobile, has added Kaduna to the list of cities that now enjoy superior quality service, thanks to the expanded coverage of the telco's 4G-LTE service in the historic city.
The Nigerian Minister for Agriculture and Rural Development has tasked the All Farmers Association of Nigeria to Support the Federal Government in driving the Agriculture Mechanization Programme.
The Nigerian Postal Services (NIPOST) has joined forces with Dubai based Ukpa Hansa Energy to disseminate solar systems in the rural areas of Nigeria.
Mastercard has launched the rollout of its first 2020 Girls4Tech programme in Nigeria.
IITA and Bells University of Technology (BUT), Ota, Ogun State, have signed an agreement to join forces on various aspects of agripreneurship development.
Nigeria's smartphone market grew 5.3% quarter on quarter in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).
The AfDB and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions.
Fresh From The Farm Agric World Ltd is a Nigeria startup that buys agricultural produce from farmers and supplies them to retail stores and markets. The CEO and founder Mathias Pwol explains.
The Japanese Government has donated a rice mill worth over N26m$70,650) to the Edo State Government, as part of efforts to facilitate rice production in the state.
MusicTime®, the world’s first time based music streaming application has revealed its new corporate identity.
Africa Fertilizer Financing Mechanism launches $2.2 million project in Nigeria to boost fertilizer supply to 200,000 farmers
The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers.
Facebook has launched a Community Accelerator programme that will target projects and initiatives from three sub-Saharan Africa (SSA) countries – South Africa, Kenya and Nigeria.
Orange Digital Ventures Africa has announces its latest investment on the African continent by leading the $1.5m seed investment round in Youverify.
The Business Incubation Platform (BIP) of IITA has set a new production record for maize in Nigeria.
The Financial Market Dealers Exchange and the AFEX Commodities Exchange Limited of Nigeria have signed an MOU to unlock about N2.5trillion to support about one million smallholder farmers.
As globalization increasingly opens borders of trade for Africa, Traders of Africa, a Nigerian startup is offering the continent’s farmers and traders an opportunity to tap into this goldmine through an online marketplace.
The Nigerian Minister for Agriculture and Rural Development stated that quality seed is a key input towards enhancing Agricultural productivity and ensuring food security, job creation and economic growth in Nigeria.
The Federal Government of Nigeria has commenced the setting up of Special Agro-Industrial Processing Zones as a major strategy in the economic diversification programme and repositioning for sustainable economic growth and development.
The Nigerian Minister for Agriculture and Rural Development has lauded the effort of rice farmers in Nigeria, stating that it will help actualize Government’s agenda in the Agricultural sector being food sufficiency, job creation and economic growth.
The Federal Government of Nigeria has launched the National Fertilizer Quality Control Act 2019 as a vital component of the Agricultural Policy and the bid to reposition the Nigerian economy from oil and gas to agribusiness.
Nigeria could derive huge socio-economic benefits from the commercial deployment of 5G Networks, Nigerian Communications Commission said during a panel discussion hosted by the Commission at Social Media Week Lagos.
[Nigeria] Actis acquires majority stake in Rack Centre, announces plans to build a $250 million African data centre platform
Leading investor of private capital into global emerging markets, Actis has acquired a majority stake in Nigeria’s leading, independent, co-location business, Rack Centre.
Dochase is a Nigerian data startup that assists businesses understand their markets, clientele with a view to boosting their sales and customer numbers.
Members of The Nigerian Stock Exchange (NSE) passed requisite resolutions for the demutualisation of The Exchange during a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM).
Olam International has signed an agreement with the World Vegetable Centre to supply 18 varieties of tomato seeds, exclusively for Caraway Africa Nigeria.
IFC announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria.
IFC announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.
See how to position yourself to take advantage of an uplift in activity as the Nigerian government puts well intervention at the forefront of production plans
The Transmission Company of Nigeria (TCN) signed an MoU with the Government of Ekiti State on the construction of the Ado Ekiti – Ilupeju and Ado Ekiti – Ijesha Ishu 132/33kV Transmission line.
FPSO Abigail-Joseph has set sail from Singapore to the Anyala & Madu fields in Block OML 83 & 85, offshore Nigeria, marking the successful completion of its conversion and life extension phase.
Keppel Offshore & Marine through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield FPSO vessel modification and upgrading project to be deployed in Anyala-Madu field, Nigeria.
Dangote Fertiliser has begun countdown to the inauguration of its $2 billion Granulated Urea Fertiliser complex located in the Dangote Free Zone.
In celebration of Black History Month, WorldRemit, a fintech company and provider of international money transfer services, has launched the inaugural Top Ten Most Influential Africans in the Diaspora list.
Babatunde Akin-Moses is the CEO of Sycamore a Nigerian company offering peer to peer lending while connecting lenders to borrowers.
Reuben Abuloye is the CEO of Buyavrika, a Nigeria-based startup that provides an online market place for African Art and African inspired wear.
Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company, Enugu.
Olam International, a global agri-business, has partnered with the Massachusetts Institute of Technology Solve (MIT Solve) to design a challenge aimed at addressing the issues around sustainable food systems in Nigeria.
ADM Energy has entered into a sale and purchase agreement with EER Nigeria to acquire, subject to satisfaction of certain conditions, a participating interest of 2.25% from EER.
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals that have little or no access to smartphones or the internet to access the financial services.
Nigerian startup Soso Care has launched a low-cost micro-health insurance platform that can be paid for by collecting recyclable materials.
Ringier Africa Digital Publishing (RADP), one of Africa’s leading media groups is unifying its assets across the continent - to form one integrated media company under the Pulse brand.
The World Bank approved six projects to support Nigeria’s development priorities.
The African Development Bank has expressed support for the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300 million.
The Nigerian Stock Exchange (NSE) has published the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
DOF Subsea has been awarded two contracts for international clients in Africa, securing further vessel and resource utilisation in Q1 and first part of Q2 2020.
Nigeria's telecom operator 9mobile in association with Google, and communications solutions provider Kirusa recently hosted a workshop in Lagos for Mobile Network Operators (MNOs)
Airtel attains 100 million subscriber mark in Africa, with bulk of revenue from Nigeria and East Africa
Airtel's overall customer base in Africa grew by 9.4% to reach 107.1 million. This is according to the India-based telco group financial results for the 9-month period ending on December 31, 2019, announced recently
[Nigeria] MDXi to unveil first locally available Microsoft Stack Cloud in partnership with Microsoft
MDXi, MainOne’s data center subsidiary, will announce the local offering of Microsoft’s Azure Stack to its customers as part of its ‘Managed Cloud Services’.
SunFunder has made its first investment in Nigeria, part of a facility of up to $4m with commercial and industrial (C&I) solar developer, Daystar Power.
The USTDA awarded a grant to NNPC Gas and Power Investment to provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja, Nigeria.
Carbon has set up a $100,000 Pan-African fund to address the lack of funding and support holding back budding tech entrepreneurs on the continent.
Jaiz Bank, Nigerian non-interest Sharia-compliant financial institution, has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange.
Nigeria’s Green Africa Airways, has signed an MoU for 50 A220-300 aircraft, one of the largest orders to be placed globally for the A220 programme and the largest ever from the African continent.
QURAS, a next-gen blockchain protocol that enables anonymous, private-protected transactions, has partnered with the blockchain non-profit association in Africa, Blockchain Nigeria User Group.
The National Automotive Design and Development Council (NADDC) said automotive manufacturing companies in Nigeria made over N360 billion investments into the country’s economy in year 2019.
Paxful believes that the world has much to learn from Africa about the future of the crypto-economy and that 2020 will be a landmark year for the African crypto and blockchain industry.