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30-10-2014 22:52:00 | by: Administrator | hits: 10214347 | Tags:

[Nigeria Business Week] Optimism grows with investments
21-06-2018 | 13:12:54
It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum.
Kenya risk reward score among the highest in Sub Saharan Africa, index
21-06-2018 | 11:18:19
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
Nigeria’s agriculture export rises 24% in 3 months
21-06-2018 | 11:16:00
Nigeria has seen its 2018 first quarter agricultural export risen by 24 percent as the country explore opportunities to earn substantial dollars through the non-oil export.
GE hits 100th power plant milestone in Sub-Saharan Africa
20-06-2018 | 13:34:00
At the forefront of innovation and technology in energy while collaborating with power producers across the region, GE Power has announced that it has reached its 100th power plant installation in Sub-Saharan Africa.
Air Namibia set to launch Windhoek-Lagos-Accra route
18-06-2018 | 11:22:14
Air Namibia is gearing up to launch the Windhoek-Lagos-Accra route, commencing on 29 June 2018.
Nestlé Nigeria and IFDC collaborate to improve sustainable farming
18-06-2018 | 09:17:00
Nestlé Nigeria, in collaboration with International Fertilizer Development Centre, is helping farmers improve their livelihoods by empowering smallholder farmers on sustainable farming practices under the initiative, Nestlé Nigeria & IFDC/2Scale Project Sorghum & Millet.
BBM signs Eskimi as exclusive mobile advertising partner in Nigeria
14-06-2018 | 12:31:00
BBM and Eskimi, a global programmatic platform, today announced an exclusive mobile advertising partnership in Nigeria.
Afreximbank has invested $17 billion in Nigeria to date
13-06-2018 | 06:23:40
The African Export-Import Bank (Afreximbank) approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, Bank President Dr. Benedict Oramah has said.
TFhost nominated for Four NiRA awards categories
13-06-2018 | 06:09:59
TFhost.ng a leading domain name registrar and hosting service company has broken bounds by earning quadruple accolades from the Nigerian superintendent registry.
[Nigeria] Union Bank receives PCI DSS recertification
12-06-2018 | 10:02:24
Union Bank announces its attainment of the Payment Card Industry Data Security Standard version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
Act4Accountability launches youth project in Uganda and Nigeria
11-06-2018 | 14:34:57
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
[Nigeria] Buhari appoints new Central Bank Deputy Governor
11-06-2018 | 13:11:00
President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.
[Nigeria] CBN issues guidelines on currency swap deal with China
11-06-2018 | 13:09:00
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
[Nigeria Business Week] Collaborations birth opportunities
08-06-2018 | 09:20:00
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
Uganda and Nigeria youth in new jobs initiative
08-06-2018 | 06:53:00
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
Microsoft Nigeria, First Bank collaborate to bolster SMEs
07-06-2018 | 08:00:00
Microsoft and First Bank of Nigeria will collaborate to provide small- and medium-sized businesses (SMBs) with an array of resources and support, including business networks, technology services and SMB-targeted products.
Nigeria launches new basic healthcare package
05-06-2018 | 09:25:00
As part of efforts geared towards transforming the health care landscape in Nigeria through better public funding of health, a provision was made for Basic Health Provision Package in the 2014 Health Act.
[Nigeria] NSIA Insurance gets ISO certification
05-06-2018 | 09:04:59
NSIA Insurance Limited has been awarded ISO 9001:2015 Certification by the Standards Organisation of Nigeria, the representative of the International Organisation for Standardisation (ISO) in Nigeria.
[Nigeria] EU, GVE build N242.9m solar mini grid in Plateau State
05-06-2018 | 08:38:00
The European Union, Germany and indigenous renewable energy firm, Green Village Electricity Project have completed and activated two solar mini grid plants with the collective capacity to generate 100 kilowatts of clean electricity to power two communities.
Nigerians activate 11.2 million lines in one month
05-06-2018 | 08:18:00
The growth in telecommunications subscriptions that started since January this year took an impressive turn as Nigerians activated 11.2 million lines on the GSM networks in April.
[Nigeria] Shell spends N21b on community development in Bayelsa
04-06-2018 | 07:32:00
Communities in Bayelsa State received a total sum of N21.71 billion from the Shell Petroleum Development Company of Nigeria operated joint venture for development projects between 2006 and 2017.
MTN leverages employee volunteerism programme to empower youth
01-06-2018 | 14:55:00
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
[Nigeria Business Week] Industries' growth encourage investments
01-06-2018 | 08:30:00
At first glance, one cannot help but notice that Nigeria is prime ground for investment. Any doubts as to that fact are dissolved when you examine the sheer number of startups being funded, especially in the ICT sector.
OROBO allows cross border remittances in West and East Africa
01-06-2018 | 06:49:00
OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross- border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa.
[Interview] Max Donzella, Director and First Expert Advisor, VIP Business Immigration, Canada
31-05-2018 | 12:56:00
Max Donzella is Director of VIP Business Immigration, a firm that consults on and manages investor immigrant programs into Quebec, Canada. The immigration program is currently open all African countries.
[Nigeria] Mobile savings app, Piggybank.ng, secures £1.1M seed funding
31-05-2018 | 08:15:00
Nigeria’s Piggybank.ng, an online and mobile app savings platform targeted at African Millennials, today announces that it has closed on Seed Funding of $1.1M.
[Nigeria] Williamsville Sears set to acquire Turner Wright
30-05-2018 | 10:34:00
Diversified holding corporation Williamsville Sears Management Inc. has signed a Letter of Intent for the acquisition of Turner Wright Limited, a Nigerian-based pharmaceutical firm.
MTN mulls public offer in Nigeria
29-05-2018 | 11:36:00
Mobile phone giant, MTN Group is perfecting the details of its proposed Nigeria Initial Public Offering (IPO).The company said in Abuja on Monday that it was yet to file applications for the proposed offer.
[Nigeria] NNPC Retail to capture 30% of petroleum market share by 2020
29-05-2018 | 10:13:00
The Nigerian National Petroleum Corporation’s Downstream subsidiary, NNPC Retail, has been directed to target 30 per cent market share of petroleum products distribution business in Nigeria’s Downstream Petroleum Sector by 2020.
BON Hotels' portfolio links strategic centres across Nigeria, creating important tourism circuits
29-05-2018 | 08:00:00
BON Hotels' growth in Nigeria has been prodigious and continues to flourish with the more recent acquisitions of 11 additional hotels in the region bringing their portfolio in West Africa up to 25 hotels.
[Column] Rahmon Ojukotola: Is Africa ready for working in the cloud?
28-05-2018 | 10:55:00
Cloud computing has made a positive impact on development targets in Africa. The Cloud enables Africans to access storage capacity they would otherwise be unable to afford for free with services such as Google drive or Dropbox.
[Nigeria] Union Bank introduces robotics to Banking
28-05-2018 | 08:42:00
Union Bank has announced the deployment of the innovative Robotic Process Automation (RPA) technology in its operations; a first in the Nigerian Banking industry.
NNPC, NAOC move to add 500MW to Nigeria's power grid
28-05-2018 | 07:25:00
The Nigerian National Petroleum Corporation and its Joint Venture Partner, Nigeria Agip Oil Company Limited, have pledged their commitment to implement the Okpai Phase 2 Project to shore up the current power generation with 500 megawatts of power.
[Nigeria] Touchbal Pictures raises $20,000 funding from GenesysTechHub to support product development
25-05-2018 | 11:35:00
Touchabl Pictures has announced a raise of $20,000 Pre-seed funding from GenesysTechHub to support product development.
[Nigeria] Turner Wright Limited receives $150 million financing from Milost Global to grow African market
25-05-2018 | 07:57:18
Turner Wright Limited a Nigerian company providing solutions in animal health, animal nutrition and hygiene has executed a Milost Equity Subscription Agreement financing facility with Milost Global Inc for $150 million financing.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
24-05-2018 | 13:15:00
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
Shell Nigeria spends N14.85bn on GMoUs in Rivers State
24-05-2018 | 08:57:00
A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State.
Nigeria launches electronic portal to woo investors
24-05-2018 | 08:36:29
Nigeria has launched iGuide, an online investment portal, as it seeks to position itself as an investment hub to local and international investors.
NNPC, NPA forge closer ties to ensure petroleum products supply in Nigeria's ports
24-05-2018 | 07:22:00
The Nigerian National Petroleum Corporation and the Nigerian Ports Authority have expressed readiness to ensure seamless reception of petroleum products into the various ports across the country.
[Nigeria] Lidya raises $6.9 million in a Series A Round led by Omidyar Network
24-05-2018 | 06:42:00
Lidya, the digital financial services platform focused on improving access to credit for MSMEs in Africa has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history.
Facebook partners with CcHub to launch NG_Hub in Lagos, its first hub space in Africa
22-05-2018 | 12:33:00
As part of its commitment and ongoing investment in Africa, Facebook today unveiled NG_Hub in Lagos, Nigeria - its first flagship community hub space in Africa, in partnership with CcHub.
Chinese firm, Nigeria sign $6b Lagos-Kano rail project agreement
22-05-2018 | 08:23:00
Nigeria has signed an agreement of $6.68billion with China Civil Engineering Construction Corporation for a major segment of rail line linking the economic capital Lagos with Kano, northern Nigeria's commercial hub.
MTN Group invested ₦225 billion in Nigeria in 2017
22-05-2018 | 07:44:00
According to the Investor Day Presentation by MTN Nigeria, 28% of MTN Group’s capital expenditure for last year was allocated to the Nigeria arm.
Terrestrial fibre still mother of all bottlenecks in Africa say experts at Africa Panel Session
22-05-2018 | 06:49:54
The Africa Panel session at ITW challenged African policymakers to proffer incentives to encourage the deployment of broadband infrastructure of scale to support the rollout of much-needed infrastructure to rural areas.
Shell Nigeria Gas boosts domestic gas distribution capacity by 150%
21-05-2018 | 06:47:00
Shell Nigeria Gas has increased its domestic gas distribution capacity by 150% over the last six months.
[Nigeria] African Development Bank approves $100m loan to Indorama for expansion of fertilizer production
21-05-2018 | 06:26:00
The African Development Bank has approved $100m senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
[Nigeria Business Week] Nigeria, one economic sector after another, exits recession
17-05-2018 | 13:04:00
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
[Nigeria] NNPC recommends split of petroleum licences
17-05-2018 | 07:12:00
The Nigerian National Petroleum Corporation has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly.
[Nigeria] Diamond Bank posts N1.8bn for Q1 2018 in mobile banking revenue
15-05-2018 | 12:28:00
Diamond Bank has released its Q1 2018 unaudited financial results on the floor of the Nigerian Stock Exchange, highlighting realignment in its group structure with a strong focus on the Nigerian market.
Accra, Addis Ababa, Dar es Salaam, Johannesburg, Lagos, other African cities commit to delivering their share of the Paris Agreement
15-05-2018 | 11:30:00
Accra, Addis Ababa, Cape Town, Dakar, Dar es Salaam, Durban, Johannesburg, Lagos, & Tshwane today revealed their commitment to bold climate action and pledged to deliver on their share of the Paris Agreement.
American firm, TPG Growth, invests $47.5m to acquire Kenya's Cellulant
15-05-2018 | 08:51:00
The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, today announced that it has signed an agreement to acquire a stake in Cellulant, a digital payments provider that reaches 40 million people across 11 African countries.
Nigerian Banks must deploy technology to adapt to regulatory changes and risk management - SAS
15-05-2018 | 08:29:00
As one of the most regulated industries in the world, banks are under pressure to not only comply with constantly changing regulations but also to modernise their systems.
[Nigeria] Bonga achieves 763 million oil barrels production since inception in 2005
15-05-2018 | 08:06:00
Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.
Nigerian government partners with John Deere Tractors to ease farmers’ access to agricultural mechanization
14-05-2018 | 11:03:00
The Government of Nigeria through the Ministry of Agriculture and Rural Development is partnering with Global Agricultural equipment manufacturers, John Deere Tractors to improve farmers’ access to mechanization.
Shell fund supports Nigerian contractors with N472 billion loans
14-05-2018 | 10:22:00
Some 290 Nigerian contractors have received loans worth about N472b under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates.
Mele Kyari appointed Nigeria’s OPEC national representative
14-05-2018 | 07:45:00
The NNPC has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC).
Paxful expands Africa investment with launch of Nigerian Blockchain Incubator Hub
10-05-2018 | 11:43:02
Paxful, a global peer-to-peer bitcoin technology company, is building a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa.
[Nigeria] African Development Bank approves $1.5m for Jigawa on-grid IPP solar power procurement program
10-05-2018 | 10:51:49
The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer Solar Procurement Program.
Nigeria's first Marine Engineering Centre of Excellence commences Masters programmes
10-05-2018 | 08:24:00
The pioneer post graduate students at the Marine and Offshore Engineering Centre of Excellence have commenced studies at Rivers State University, Port Harcourt, involving 18-month academic and field work.
Nigerian National Petroleum Corporation Retail now holds 14% of retail business
10-05-2018 | 08:04:39
The Nigerian National Petroleum Corporation (NNPC) said Downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria.
Perpetual Communications and Annecto in new deal to expand telecom business in Nigeria
09-05-2018 | 06:56:33
Annecto Telecom and Perpetual Communications, a telecommunications company in Nigeria have announced that PCL has selected Annecto Telecom to provide voice, data, SMS and VAS aggregation services in Nigeria.
Zenith Bank now Nigeria's largest bank by customer deposit
07-05-2018 | 13:44:00
Zenith Bank has overtaken First Bank as Nigeria’s largest bank by Customer Deposits, a position held by the latter for decades.
Nestlé Nigeria announces Q1 2018 financial results
07-05-2018 | 13:00:00
Nestlé Nigeria Plc announced its financial results for first quarter of 2018. The company continued its momentum from 2017 delivering a revenue of N 67.5 billion for Q1 2018, a growth of 10.3% over Q1 2017.
Nigerian National Petroleum Corporation announces policies to end gas flare
07-05-2018 | 08:41:01
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has announced a three-point smart strategy aimed at ending gas flaring in the nation’s Oil and Gas Industry.
Africa Finance Corporation shows strong financial and operational performance for 2017
07-05-2018 | 08:14:00
Africa Finance Corporation, the infrastructure multilateral development finance institution, has announced its 2017 financial year results.
Alternative energy, favourable pricing grow Lafarge’s net sales by 36 per cent
04-05-2018 | 13:02:00
In full year results for the year ended December 2017, Lafarge Africa Plc recorded net sales of N299 billion. This represents a 36 per cent growth relative to the corresponding period in 2016.
Oil output expansion, agricultural growth pull Nigeria out of recession, World Bank report
04-05-2018 | 08:30:32
Expansion in oil output and continued steady growth in agriculture assisted Nigeria emerge from recession in 2017, a World Bank Nigeria Bi-annual Economic Update has stated.
Etihad Airways offers free stopovers to all Economy Class guests from the Middle East, Africa, Pakistan
03-05-2018 | 08:11:00
Etihad Airways is offering one night’s free accommodation in Abu Dhabi to all guests travelling in Economy Class from destinations* in the Middle East, Africa and Pakistan, and stopping over in the nation’s capital.
Tetra Pak appoints Nigerian Oshiokamele Aruna as Managing Director
03-05-2018 | 06:48:00
Tetra Pak West Africa has confirmed the appointment of Oshiokamele Aruna as the new Managing Director of the company.
[Nigeria] Dangote Industries announces new appointments for strategic growth sustenance
03-05-2018 | 05:55:00
In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Dangote Industries Limited (DIL has announced new appointments.
International Consortium Signs Interim Phase Agreement with Federal Government of Nigeria for Rail Concession
01-05-2018 | 07:44:00
Following its award of preferred bidder status by the Federal Government of Nigeria in May 2017, an International Consortium last Friday in Washington D.C, signed an agreement to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession.
GE Partners Lagos State, Others to Host Technology Conference for Nigerian Start-ups in the United States
01-05-2018 | 07:05:00
Governor of Lagos State, H.E Akinwumi Ambode, delivered the keynote speech entitled ‘The Role of Technopreneurs in Lagos: An Emerging Smart City’
Central Bank of Nigeria limits USSD transactions to N100,000 per day
30-04-2018 | 13:15:00
Effective June 2018, bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.
[Nigeria] Oando annouces Q1 2018 results, posts N4.1b profit-after-tax
30-04-2018 | 09:09:00
Oando, Nigerian energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced audited results for the three months period ended March 31, 2017.
[Nigeria] Japan, UNIDO invest in youth entrepreneurship programmes
26-04-2018 | 12:50:00
The Government of Japan has announced that it will fund a project to promote youth entrepreneurship in north-eastern Nigeria.
[Nigeria] NNPC awards Oando Engineering, Procurement and Construction mandate to develop Ajaokuta-Kaduna-Kano gas pipeline project
26-04-2018 | 08:43:00
A two party consortium consisting of Oando, in conjunction with its midstream affiliate, Axxela Limited and Oilserv Limited, has been awarded the Engineering, Procurement, Construction mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system by the NNPC.
Ecobank re appoints Deloitte and Grant Thorton as auditors, announces appointment of new directors
25-04-2018 | 13:10:08
Ecobank Transnational Incorporated the mother company of the Ecobank Group has announced a raft of decisions to guide the company during the shareholders 30th annual general meeting in Lomé, Togo.
Nigeria bets on research and tech as it launches four year cancer control plan
24-04-2018 | 13:34:00
Nigeria has stepped up its fight against cancer with the launch of its National Cancer Control Plan 2018-2022.
Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
24-04-2018 | 10:43:17
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half-year-old, VC-backed agritech platform, Farmcrowdy.
Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
24-04-2018 | 10:20:00
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half year-old, VC-backed agritech platform, Farmcrowdy.
ViaDerma Inc. enters into a $250,000 initial sales agreement with Vage Nigeria Ltd
24-04-2018 | 09:22:40
Pharmaceutical company ViaDerma has entered into a $250,000 initial sales agreement with Vage Nigeria Ltd. a brand support company specializing in product sourcing.
[Nigeria] The Africa America Institute collaborates with Covenant University for the Jim Ovia Foundation Leaders Scholarship
24-04-2018 | 06:59:00
The Africa America Institute (AAI) just signed an MoU with Covenant University, making the institution the second university partner for the Jim Ovia Foundation Leaders Scholarship (JOFLS).
Nigeria approves 14 of Shell’s 17 renewal applications
24-04-2018 | 06:51:44
Nigeria’s Ministry of Petroleum has approved the recommendation by the Department of Petroleum Resources to revoke three Oil Mining Leases operated by Shell Petroleum Development Company, a local arm of Shell, the Anglo Dutch major.
Competition regulation takes hold in Africa
23-04-2018 | 11:26:00
The top ten economies by Gross Domestic Product in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.
MainOne’s West Africa expansion gets boost with Cote d’Ivoire license
23-04-2018 | 11:14:00
As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire.
[Column] Jim Ovia: Fintech and the future of the Nigerian Banking Industry
23-04-2018 | 09:32:00
With the saturation of the mobile phone market in Nigeria and the advent of Financial Technology startups (FINTECH) in the financial services industry, the Nigerian polity has witnessed higher financial inclusion amongst the underbanked and unbanked.
[Nigeria] Bank of Agriculture, SunTrust Bank ink agriculture financing deal
23-04-2018 | 06:31:26
Bank of Agriculture (BOA) and SunTrust Bank have sealed an e-banking agreement described by the Minister of Agriculture Audu Ogbe as ‘landmark’ and instrumental to the development of agricultural sector in Nigeria.
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
23-04-2018 | 06:26:19
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
Nigeria Uninterruptible Power Supply to reach 4.7 per cent in 2024
20-04-2018 | 10:30:00
Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years.
Telecoms VAS market hits $200m in Nigeria
19-04-2018 | 12:05:00
The Value Added Services (VAS), segment of the telecom market in Nigeria has recorded the sum of $200 million revenue as at first quarter this year, Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC) has said.
Nigerian court stops sale of 9mobile after shareholders' motion
19-04-2018 | 10:23:00
The Nigerian High Court has stopped the sale of 9mobile following opposition to the deal by some shareholders of the company,
Diamond bank partners with MTN, VISA and Microsoft to unveil TECHFEST
19-04-2018 | 08:05:00
Nigeria’s technology space is set to witness experiential platform with the unveiling of TechFest by Diamond Bank Plc in partnership with MTN, Visa, Microsoft, NIBSS, Deloitte and Touche, Interswitch and Beat FM.
[Nigeria] NNPC to support local investors on advancement of technology
17-04-2018 | 08:31:00
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering profession.
[Nigeria] First Bank bets on ATMs to grow customer base
16-04-2018 | 11:10:00
First Bank of Nigeria Limited continues to count on Automated Teller Machines, ATM, to improve customers’ experience and currently accounts for 37 percent of bills payment services on ATMs in Nigeria’s banking industry.
[Column] Oyinkan Adewale: Women Entrepreneurs in an Emerging Economy- Running a Bankable Business
16-04-2018 | 10:13:00
In 2017, Nigeria’s Gross Domestic Product (GDP) growth was 0.83% (compared to a decline of 1.58% in 2016). In the second quarter of 2017, the country officially emerged from arecession which had lasted about a year.
The African Development Bank supports Nigeria’s healthcare sector
16-04-2018 | 09:57:45
Lagos State, Nigeria’s largest healthcare market, lacks an adequate supply of quality secondary and tertiary healthcare facilities with only about 700 to 1,000 quality beds for a population of over 21 million people.
[Nigeria] Konga and Yudala merge e-commerce operations
16-04-2018 | 09:50:00
Konga, Nigerian online mall and Yudala, African composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent.
[Nigeria] NNPC cubsidiary, NETCO, posts N3.257bn profit for 2017 financial year
16-04-2018 | 08:58:00
The National Engineering and Technical Company Limited (NETCO) has recorded a profit before tax of N3.257 billion for 2017 financial year.
Nigerian Fintech startup Zoto grows transaction base by 56%
12-04-2018 | 12:08:00
Zoto, a product of Hedonmark Management Services Limited and Nigeria’s growing payment solution, today announces that its transacting user base and order volume grew by 56% and 200% respectively.
Debt Management Office lists $278 million sukuk bonds at the Nigerian Stock Exchange
12-04-2018 | 10:48:00
Nigeria’s Debt Management Office has listed N100billion, $278 million, 7-year, Federal Government Ijarah Sukuk with a rental rate of 16.47% on the floor of the Nigerian Stock Exchange.