Lagos based Netcom Africa has solidified its footprint in Nigeria’s tech market with the deployment of IT Infrastructure Optimization services targeting corporate Nigerian corporate where high-end tech services are steadily on the rise.
Tizeti, West Africa’s pioneer solar-based internet service provider has announced the successful upgrade of its core network infrastructure capacity to 100Gbps.
The National Information Technology Agency (NITDA) has adopted 130 farmers into the National Adopted Village for Smart Agriculture programme to provide Nigerian farmers with means to showcase their farm produce in the digital world market.
Polaris Bank has partnered with Facebook to provide free digital marketing training to SMEs in Nigeria.
The African gaming industry is expected to register a compounded annual growth of 12 per cent between 2020 and 2025 according to a study by Research and Markets.
Sterling Bank Plc, Nigeria in collaboration with Clickatell have announced a personalized banking experience for existing customers and prospective account holders through WhatsApp.
Tizeti, West Africa’s pioneer solar-based internet service provider announced the successful upgrade of its core network infrastructure capacity to 100Gbps, in line with its focus on accelerating access to affordable broadband connectivity.
[Nigeria] NITDA selects 130 farmers to join National Adopted Village for Smart Agriculture programme
In its move to digitize agricultural sector, the National Information Technology Agency (NITDA) has adopted 130 farmers into the National Adopted Village for Smart Agriculture (NAVSA) programme.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
IHS Netherlands Holdco B.V. affiliates INT Towers Limited, IHS Nigeria Limited and IHS Towers NG Limited have reached agreement with MTN Nigeria to expand the scope of the current service contract.
United Bank for Africa Plc has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as CEOs of six of its 20 subsidiaries across Africa.
The First Bank of Nigeria announced that thousands of students have been signing up to access the e-learning solutions for free which is provided in partnership with Roducate and Lagos State Government.
Farmer cooperatives across West and Central Africa help expand access to improved seeds, boosting yields
A farmers’ cooperative in Mali has experienced a significant increase in production of quality seeds, setting an example for other farmer organizations in Mali and neighboring countries.
Ezion Geber Energy will now formally represent Connector Subsea Solutions in Nigeria. The collaboration with a minimum 3 year duration will help support current Offshore Nigeria projects and enable growth across all pipeline repair product lines.
eHealth Africa is leveraging on Amazon Web Services, AWS, cloud’s expertise which is designed to support every stage of their business in order to increase their chances of continuing their mission.
Nigeria’s Access Bank successfully completed the acquisition of Transnational Bank of Kenya with 99.98% shareholding, following regulatory approval granted by the Central Bank of Kenya.
The Nigerian Communications Commissions (NCC) has reiterated its committed to the creation of an enabling environment for competition among operators in the industry:
Radisson Hotel Group has added six new hotels to its African portfolio, bringing the total to almost 100 hotels across 32 African markets.
IFC, a member of the World Bank Group, is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands of small and medium-sized enterprises (SMEs) in Nigeria.
Paxful, a leading peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe, announced that the platform has hit $4.6 billion in trade volume and reached 4.5 million wallet registrations.
The International Institute of Tropical Agriculture (IITA), through a new initiative known as the Start Them Early Program (STEP), is introducing agribusiness training in secondary schools in Oyo State.
The UrSafe App, has announced its partnership with the Nigeria-based team, virtual data and VAS Aggregator, Mobile Intelligence, to bring personal safety technology to the 160 million+ Nigerian's with mobile handsets.
Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.
GreenTec Capital Partners has announced its investment in Pricepally, an innovative digital Nigerian wholesale platform allowing users to purchase food and other products either individually or as a part of a group.
As part of its focus in bringing people together and building communities, Facebook announced 12 African community leaders who have been selected to join Facebook's Community Accelerator programme.
LEKOIL announced that the Otakikpo Joint Venture (Otakikpo JV) has executed definitive agreements for the next phase of the Otakikpo marginal field development.
Nigeria's national telecommunications operator Globacom has slashed international call tariffs by as much as 55% to help its subscribers stay in touch with their loved ones abroad at a much more affordable cost.
Seplat Petroleum Board of Directors appointed Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of the Company, joining the Seplat Board, effective August 1, 2020.
The Nigerian Communications Commission (NCC) has created a Digital Economy Department principally responsible for implementing programmes and policies aimed at fully supporting and promoting the national digital economy agenda.
The Chartered Institute of Bankers of Nigeria (CIBN) has commenced plans to adopt Remote Online Proctoring for the conduct of its professional banking and certification examinations.
Catalyst Fund, the global inclusive fintech accelerator, has announced that six new fintech startups, from Nigeria, South Africa, Mexico and India are joining its existing portfolio of 31 companies.
[Nigeria] Mammoet completes heavy lifting and transport scope for the world's largest single train petroleum refinery
With the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there.
FCMB Group notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions, has entered into an agreement to acquire 96% of AIICO Pensions.
Pan-African financial services group United Bank for Africa (UBA) has appointed Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.
Konnect Africa, a subsidiary of Eutelsat Communications has proposed to offer broadband internet connection to isolation centers to fight against Covid-19 in Sokoto, a north-western state in Nigeria.
BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria
West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria.
Atlas Petroleum has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field.
KaiOS Technologies has announced that its smart feature phones are being distributed across the state of Lagos to help school children continue their education during the COVID-19 lock-down period.
The Nigerian Minister for Agriculture and Rural Development Alh. Mohammad Sabo Nanono flagged off the distribution of wet season farming support for improved rice production technologies among rice farmers at Tofai community.
The Nigerian Stock Exchange (NSE) upgraded its Data Portal (X-DataPortal) to provide a more efficient, user-friendly experience for subscribers.
Honoris United Universities has announced its expansion into West Africa by welcoming Nile University of Nigeria, known for its strong academic credentials and best-in-class faculties, into the network.
MainOne, West Africa’s provider of Wholesale and Enterprise connectivity and data center services celebrates 10 years of delivering innovative, world-class service in West Africa.
Nigeria’s digital financial services company, Carbon has released its 2019 financial statements audited by KPMG, detailing its product growth and $17.5 million in revenue.
Ecobank has extended its zero-charge fee for digital money transfers below N5,000 till the end of September this year.
Nigerian electricity distribution company Ikeja Electric has metered over one hundred and twenty thousand households between 2018 and June 2020, in line with its commitment to bridge its metering gap.
[Nigeria] IITA, Mastercard Foundation partnership to equip youth in agrifood value chain with skills
The International Institute of Tropical Agriculture (IITA), through its Youth in Agribusiness office, is partnering with the Mastercard Foundation in Nigeria to implement the Young Africa Works strategy.
The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU).
Study shows Satellite TV reception increases by 23 per cent in Nigeria and 19 per cent in Ghana in 2019 since the last study, conducted two years ago.
The World Bank approved the Power Sector Recovery Operation (PSRO) of $750 million in International Development Association (IDA) credit to improve the reliability of electricity supply in Nigeria.
The Standards Organisation of Nigeria (SON) Governing Council has approved 168 new Standards for publication and dissemination to various sectors of the Nation’s economy.
Absa Capital Markets Nigeria, acting as joint lead issuing house, successfully completed Dangote Cement debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds.
Financial services holding company Cititrust has launched its culture transformation journey aimed at delivering excellent service and world-class customer experience in Nigeria.
A new report published by the Internet Society explains the steps African countries can take to bring faster and less expensive Internet connectivity to the continent.
Rice production has been a major source of livelihood for people in Giwa Iganchi, Local Government, Kaduna State in the Northern part of Nigeria.
The Nigerian National Petroleum Corporation (NNPC), Group Managing Director Alhaji Mele Kyari announced that the corporation has commenced oil exploration exercises in the Bida Basin comprising eight local governments in Niger state.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
In Nigeria, crop production is an old tradition, many families in the country solely depends on it for the provision of their basic needs.
GBfoods, a global player in culinary product manufacturing recently built a N20 billion, approximately $52 million, Tomato processing factory, in Kebbi State.
According to Mercer’s 2020 Cost of Living Survey, majority of African countries have risen in ranking in terms of expenses and cost of living for expatriates.
Dangote Cement has set the pace with the exportation of 27,800 metric tonnes of clinker to a neighbouring African country.
The Nigerian Communications Commission has signed an MOU with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy OF VAT of telecoms operators.
In a bid to strengthen the capacity of players in the Nigerian healthcare sector, Access Bank, under the auspices of the Central Bank of Nigeria, will be issuing loans, worth up to N100bn.
The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below.
C-Kore Systems completed a successful campaign offshore Nigeria with VAYCO Oil tools and local Nigerian partner Cranium Engineering.
USAID E-WASH announced partnership with the Nigerian Bottling Company to strengthen and expand the delivery of safe drinking water in Nigeria’s urban cities.
Access Bank, under the auspices of the Central Bank of Nigeria, will be issuing loans, worth up to N100 billion, approximately $260 million.
9mobile, has announced the appointment of seasoned telecoms expert, Alan Sinfield as the substantive Chief Executive Officer of the company.
Central Bank of Nigeria introduces the Healthcare Sector Research and Development Intervention Scheme
The Central Bank of Nigeria (CBN) has introduces the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) to help strengthen the public healthcare system.
Mastercard cardholders can join Nigeria’s popular media personality, Toke Makinwa, as she connects with football legend, Austin ‘JayJay’ Okocha for a private viewing of his routines and celebrity chef.
The African Development Bank has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities.
The Global Alliance for Livestock Veterinary Medicines (GALVmed) has announced partnerships with three animal health companies in West Africa.
Renewvia Energy and All On announced a partnership to electrify rural communities unserved by conventional utilities in the Niger Delta region of Nigeria.
African equity capital markets activity see downward turn, but increase in domestic investors, report
Data presented from the PwC Nigeria 2019 African Capital Market Watch shows that African equity capital markets activity has seen a downward trajectory over the past three years.
Sparkle, a digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe has been launched.
First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses.
Sanlam has acquired the remaining stake in the Nigerian insurance business FBN Insurance from its partner, FBN Holdings Plc (FBNH), giving the Group 100% ownership of FBN Insurance Limited (FBNI) and its subsidiary, FBN General Insurance.
West Africa’s premier connectivity and data center solution provider MainOne has commenced construction activities on the project with official site groundbreaking at the Appolonia City enclave in Ghana.
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.