54gene, whose mission is to advance inclusive precision medicine through research, advanced molecular diagnostics, and clinical programs, has launched its Clinical Program Services (CPS) division in Nigeria.
MTN Group announced two new appointments of Chief Executive Officer of major subsidiary MTN Nigeria Communications and that of MTN Group Chief Risk Officer, a new group executive committee (exco) position, effective 1 March 2021.
Newgen Software, a global provider of low code digital automation platform, has announced that TAJBank has selected Newgen as a digital transformation partner to automate its enterprise-wide customer-facing processes.
TGS, provider of multi-client geoscience data for exploration and production companies announced the recommencement of the geochemical coring project offshore Nigeria.
Despite research showing an overall decrease in certain malware families and types in sub-Saharan Africa (SSA) in the first half of 2020, Kaspersky stresses that the human cyber threat remains rife.
A new report from IFC and the World Bank focused on the health of Nigeria’s economy finds that a broader private sector-led growth strategy could help Nigeria realize its immense potential by attracting more investment.
In support and contribution to the development of industry in Africa, Siemens has revised its business approach for sustainable business development and competitiveness.
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.
Cambium Networks, a global provider of wireless networking solutions, has announced it is supplying Tizeti Network Limited, Nigeria's public Wi-Fi operator, with an end-to-end wireless fabric solution.
Ericsson and the United Nations Children’s Fund (UNICEF) have agreed to a global partnership that will provide internet connectivity mapping to educational institutions in Nigeria and 34 other countries.
First Bank of Nigeria has announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director.
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy.
BUA Cement has appointed Jacques Piekarski, as the new Chief Financial Officer.
Mondia, a technology company which specialises in marketing and distribution of digital content and Jumia, Africa’s largest e-commerce platform, launched Jumia Games, a competitively priced entertainment category on the JumiaPay App.
Subscriptions to broadband or high-speed Internet services in Nigeria have increased significantly to a peak of 82.7 million as at the end of August, 2020, according to the Nigerian Communications Commission.
The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria.
Shell Nigeria Gas (SNG) is to facilitate domestic gas infrastructure development in Oyo State following the signing of a Memorandum of Understanding with the state government.
Eos Energy Storage LLC, has announced an expansion of its partnership with Nayo Tropical Technology Ltd., a West African mini-grid engineering, procurement, and construction company.
The Nigerian Communications Commission (NCC) has considered lifting the suspended Spectrum Trading Guidelines (STG), 2018, pending conclusion of the ongoing review of the Guidelines.
In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, NSE enhanced its Fixed Income Securities market segment as well as the associated benefits to trade execution.
The Global Fund and Chevron Corporation have celebrated a 12-year partnership that served as an example of the private sector’s contribution to the fight against infectious diseases and to building resilient health systems.
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of gas.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation.
Green Africa, Nigeria's Lagos-based value airline, has formed a strategic partnership with First City Monument Bank (FCMB), a financial institution in Nigeria.
CDC Group, UK’s development finance institution and impact investor signed a memorandum of understanding with the Nigeria Sovereign Investment Authority to facilitate long-term inclusive growth.
General Electric (GE) announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) Power Plants in Calabar and Sapele, Nigeria.
Rack Centre, carrier neutral data centre operator in West Africa, announced an expansion programme that will increase capacity to a total net lettable white space of 6000 square metres and allow for 13MW of IT power capacity in its Lagos campus.
Pan African cross-industry API marketplace Chenosis has announced the conclusion of its first set of strategic partnerships with Nigerian-based emerging digital platform provider Blusalt and Gwirio, a software services company founded in South Africa.
As part of efforts to ensure a hitch-free movement around the Victoria Island, Lekki Axis, Access Bank commissioned its Oniru road project with the Executive Governor of Lagos State, Babajide Sanwo-Olu.
AirSmat, a Nigeria-based Pan-African Software company, has received a boost of $100,000 from Zetogon as pre-seeding investment to help the organization on the journey to deliver world-class service in Africa.
The U.S. Trade and Development Agency (USTDA) awarded a grant to Darway Coast Nigeria for a feasibility study that will provide reliable electricity for more than 80,000 households and businesses in Nigeria using U.S. minigrid technology.
The Nigerian Communications Commission (NCC) has embarked on a cost-based study to set the new pricing regime for mobile international termination rate (ITR) for inbound international voice calls in the country.
The absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.
Kaspersky security solutions has reported on 28 million malware attacks in 2020 and 102 million detections of potentially unwanted programs accounted for by the beginning of August 2020.
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
inq. has officially launched in Nigeria, bringing to fruition the dream of building a pan African network across African cities to reimagine a better future through digital solutions.
The U.S. Trade and Development Agency continued its 20 years of support for Nigeria’s telecommunications sector by funding two projects that will help deliver fast and reliable internet to thousands of Nigerian households.
[Nigeria] Mastercard, NetPlusDotCom and Innovectives partner to enable MSMEs accept digital payments
Mastercard, NetPlusDotCom and Innovectives have announced a milestone in their partnership to provide micro, small and medium-sized enterprises (MSMEs) in Nigeria with digital payment tools.
As part of its continued commitment and ongoing investment in Africa, Facebook has announced it will be opening an office in Lagos, Nigeria - its second office on the African continent.
The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians.
Nokia has announced that it will supply Nigerian mobile operator, Tizeti with its Fastmile and Long Term Evolution (LTE) technology enabling them to provide superior internet services to over one million subscribers.
Lumos, Africa's solar home system provider, has announced new financing from U.S. International Development Finance Corporation (DFC) to expand its existing market for reliable, accessible and clean solar power in Nigeria.
Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
Nigerian e-commerce startup Kwik Delivery released a WooCommerce plugin, enabling thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores.
German international shipping and container transportation company Hapag-Lloyd has expanded its footprint in West Africa by opening a new office in Lagos, Nigeria.
African Export-Import Bank (Afreximbank) has disbursed $200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA).
Innovative health organization Illumina, Inc. has collaborated with 54gene, a health technology company whose mission is to advance precision medicine capabilities in Africa through research, advanced molecular diagnostics and clinical programs.
Global peer-to-peer bitcoin marketplace, Paxful, has plans to strengthen operations in Nigeria with a physical presence in Lagos which will be manned by employees dedicated to the Nigerian market.
The Nigerian National Petroleum Corporation (NNPC) has acquired an estimated $1 billion worth of crude oil funding which will be used as a prepayment fund for the upstream operations of the Nigerian Petroleum Development Company (NPDC).
Nigeria's First City Monument Bank (FCMB) announced the reduction of interest rates on all consumer loan products, offering customers the opportunity to restructure tenure for repayment
United Airlines announced plans to expand its global route network with new nonstop service to Africa, India and Hawaii.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River in Angiama area
[Nigeria] Silverbird TV enters into a licensing deal with Integral to broadcast to English Premier League matches
Nigeria TV station, Silverbird Television has signed on to broadcast one live English Premier League match per week over the course of the 2020 – 2021 season.
Pan African housing development financier Shelter Afrique has received $9.4 million from the Federal Republic of Nigeria, being the first tranche of the $29.3 million the country has committed in additional capital subscription.
Adeolu Adewumi-Zer, currently the Regional Head of Mergers, Acquisitions and Transformation for Allianz Africa, has been nominated as the MD/CEO of Allianz Nigeria.
The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports.
Access Bank announced the appointment of Mr. Hassan M.T Usman, FCA as an Independent Non-Executive Director of the Bank following the approval of the Central Bank of Nigeria.
BUA Group signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum mega refinery and petrochemicals facility to be sited in Akwa-ibom, Nigeria.
Nigerian Minister for Agriculture and Rural Development said the Federal Government will inject over N600 billion as stimulus-response into the agriculture sector, targetting small scale farmers, to ensure food security and sustainability.
Nigeria's Guaranty Trust Bank (GTBank) released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges, reporting Profit before Tax of ₦109.7 billion.
The Nigerian Stock Exchange (NSE) announced the appointment of its cycle two Product Advisory Committees (Committees) across different product lines - Equities, Fixed Income, Exchange Traded Funds (ETFs) and Derivatives.
Access Bank's Group Managing Director, Herbert Wigwe, said the Bank is committed to helping Nigerian businesses weather COVID-19 pandemic and set a course for recovery.
The United Bank for Africa Plc (UBA) has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation.
Global music and entertainment streaming platform, TIDAL, and leading ICT Company, MTN Nigeria have announced a partnership that enables MTN subscribers to receive free 30-day access to TIDAL.
Akselos has announced the successful deployment of a structural Digital Twin for Shell’s Bonga Main FPSO, located 120km Southwest of the Niger Delta in Nigeria.
IFC announced a financing package to help Engee Manufacturing, a leading Nigeria manufacturer of PET resin to build a Continuous Polymerisation PET Resin plant in Ogun state.
Digital Horizon venture fund has invested in Y Combinator alumnus Healthlane, the startup focusing on modern, online consultations for local and remote patients, alongside traditional face-to-face public health services across Africa.
Rack Centre has announced an expansion programme that will increase capacity to a total net lettable white space of 6000 square metres and allow for 13MW of IT power capacity in its Lagos campus.
The Board of Polaris Bank and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, has appointed Innocent C. Ike as the Acting Managing Director and CEO of Polaris Bank effective 1 September 2020.
The International Institute of Tropical Agriculture (IITA) and the Eastern Africa Grain Council (EAGC) have signed an agreement to work together to tackle aflatoxin contamination of grains in the region.
APM Terminals Apapa is the latest terminal in the company’s rollout of public 4G LTE networks at its facilities in Nigeria.
Major mobile network operators in the country recorded 9,077 cases of service outages on their networks in the second quarter of the year, resulting in unexpected disruptions to operators’ network quality of service.
The Central Bank of Nigeria has directed all banks in the country to submit the names, addresses and Bank Verification Numbers of exporters that have defaulted in repatriating their exports proceeds, for further action.
The Nigerian Stock Exchange (NSE) has upgraded its X-Whistle, a web-based whistleblowing portal that empowers a whistleblower to report possible violations of the rules and regulations of The Exchange.
The African Development Bank (AfDB) announced a 24-month debarment of Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and Investment Co. and Medniza Global Merchants.
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market.
Twelve renewable energy start-ups have successfully completed a 16-week incubation program run by the NCIC and funded and supported by off-grid energy impact investment company All On.
The economic impact of COVID-19 lockdowns throughout Nigeria, Africa's largest economy, has led to growing concerns around food instability.
The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65 extractives companies.
The first-ever Nigeria Oil, Gas & Power (NOGP) Conference & Exhibition is set for 26-27 October 2021 in Lagos and will focus on the path forward for Africa’s largest economy post COVID-19.
Voxox, innovator in cloud communication solutions and operator for business communications systems for small businesses and Passage Telecom have partnered roll out cloud phone to empower small businesses in Nigeria.
The Federal Government of Nigeria commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and LNG carriers.
Nigerian integrated oilfield services provider, RusselSmith has teamed up with Kongsberg Ferrotech, a Norwegian subsea robotics company to introduce a range of autonomous subsea robotic technologies to the Nigerian market.
Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found - from HR dismissal emails to attacks disguised as delivery notifications.
Some 1.7 million small-scale farmers in Kenya, Nigeria and Pakistan will soon receive personalized agricultural advice through their mobile phones as a means to improve their incomes.
The Board of Directors of UAC Nigeria announced a binding agreement has been signed with Custodian Investment to purchase a 51 percent equity interest in UACN Property Development Company (UPDC) from UAC.
Pan-African investment company Heirs Holdings announced the appointment of Dan Okeke as Group Executive Director, following a distinguished three decade career at the United Bank for Africa where he served as an Executive Director.
The Federal Government of Nigeria, through the Ministry of Environment in partnership with IITA, commissioned a cassava processing factory in Korokoro Community.
The Minister for Agriculture and Rural Development flagged off the distribution of the Ministry’s palliative incentive to Nigerian farmers in Cross River State to increase the resilience of farmers and the national food systems in general.
Rainoil has launched its Liquified Petroleum Gas (LPG) facility and business at its multi-product facility in Ijegun, Lagos, Nigeria.
Nigeria has become a full member of the African Trade Insurance Agency (ATI), joining ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic.
AXA Mansard Insurance has announced the divestment from its subsidiary, AXA Mansard Pensions Limited, according to a notice of sale of pensions subsidiary forwarded to the Nigerian Stock Exchange.
Green Africa, Nigeria's Lagos-based value airline, has announced Kiran Koteshwar as the new Group Chief Financial Officer effective from September 2020.
As part of its drive to empower the region’s vulnerable groups and directly impact the livelihood of the rural poor in the region, ECOWAS handed over Sheep Kits and Cattle Feed to households in Kebbi State of Nigeria.
The Nigerian Communications Commission (NCC), the Universal Service Provision Fund (USPF) and three other agencies have continued to implement people-oriented projects to advance the digital economy agenda.
The NNPC has reached an accord with its partners, China National Offshore Oil Company and South Atlantic Petroleum to settle all outstanding issues surrounding the development of Oil Mining Lease, (OML) 130.
Legacy Money Market Fund, a mutual fund managed by FCMB Asset Management (FCMBAM), has received a rating upgrade from A-(f) to A(f) by Agusto & Co, a foremost pan-African rating agency.
The Nigerian Communications Commission (NCC) in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, has revised its Determination on USSD pricing.
The Nigerian Communications Commission (NCC) said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on USSD pricing last year.
With the COVID-19 pandemic continuing to devastate economies around the world, Africa is set to experience its first recession since the 1990s, threatening to undo two decades of growth and development.