More than 20 Nigerian and 60 Chinese suppliers met in a strategic sourcing development forum in Shanghai mid-November in the latest effort by Shell Nigeria Exploration and Production Company (SNEPCo) to boost the capacity of indigenous vendors in the oil and gas industry.
APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups, is working to provide modern cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria.
MainOne and Tizeti have announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos.
The Aiteo Group and Benedict Peters, its Executive Vice Chairman have appointed top Nigerian lawyers to complement their international representation efforts within the country.
Imagine a walking, talking ATM. No it is not a machine, Firstmonie agents are humans like you, except you can now perform a majority of your banking transactions with them without stepping into a banking hall.
Erin Energy Corporation today announced it has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, asixth-generation drilling rig, on the Company’s offshore Nigeria block 120.
The Government of Nigeria, the Swiss Federal Council and the World Bank have signed an agreement on the repatriation and monitoring of $321 million of funds illicitly acquired by the family of former President, General Sani Abacha.
The Nigerian National Petroleum Corporation has once again emphasized that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.
The Citi Foundation and the international nonprofit organization TechnoServe have unveiled three new projects to support young entrepreneurs and workers in Africa through the Citi Foundation’s Pathways to Progress initiative.
Nokia to Nokia has been selected to help MTN Nigeria drive its transformation from network- to customer-centric operations and improve the experience for its 52 million customers.
In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with e-commerce platform Jumia Nigeria to offer for sale its cement to customers online.
A.M. Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of “bb” of Custodian and Allied Insurance Limited Nigeria.
Mobile money operators in the country have recorded N555.83 billion inter-scheme transactions in the first six months of this year.
Shell and bio-bean are helping to power some of London’s buses using a biofuel made partly from waste coffee grounds, a development that has triggered renewed challenge to Nigerian beneficiaries of Shell’s LiveWIRE program.
First Bank of Nigeria Limited has implemented new and exciting features on its mobile banking application – FirstMobile to enhance security and customers’ digital banking experience.
At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas from Nigeria.
The Dangote Group of Nigeria, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville.
FCMB Group has reported a profit before tax of N6.8billion for the nine months ended 30 September 2017. This represents a 64% increase versus the second quarter ended June 30, 2017.
The retail arm of the Nigerian National Petroleum Corporation, NNPC Retail Limited, has declared it determination to promote the consumption of Liquefied Petroleum Gas, otherwise called cooking gas.
Smile Communications and MediaTek have teamed up to bring the latest VoLTE smartphones to customers in Nigeria, Uganda, Tanzania and the Democratic Republic of Congo (DRC).
Union Bank Learning Academy has been awarded full accreditation status by the Chartered Institute of Bankers of Nigeria (CIBN) in recognition of its compliance with regulatory standards and best practices.
The Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 25.97 million Megawatt-hour (MWh) of electricity into the Nigerian grid since inception in 2008.
The Nigerian National Petroleum Corporation has said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and realistic.
First Bank of Nigeria has remained committed to empowering the Nigerian populace with the *894# Quick Banking service as part of its financial inclusion drive.
The Nigerian National Petroleum Corporation has signed a Memorandum of Understanding (MoU) with the Kebbi State Government to build an 84 million litres per annum capacity fuel-ethanol project.
The technology group Wärtsilä has received a letter of award for a 95,3MWp (75MWac) solar photovoltaic (PV) power plant in Nigeria.
Mastercard and Nigerian business leaders commit to transforming Nigeria’s cities into strong economic hubs
With half of Nigeria’s population currently living in cities, it is critical that a development framework is in place to ensure future growth is sustainable.
Pan-African entrepreneurial training program, seed fund, and incubator MEST has launched two new Incubator spaces in Lagos, Nigeria, and Cape Town, South Africa, as the program continues to expand its presence across the continent.
The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years.
Facebook launches Nigeria Initiative in ambition to drive innovation, skills development and economic impact
Today, Facebook announced a new nationwide initiative in Nigeria to further cement its commitment and investment in the country, and across the continent.
Louis Berger has been awarded a $1.7 million project management and construction supervision services contract by the Cameroonian and Nigerian governments for construction of a two‑lane bridge over the Cross River at Ekok/Mfum.
Two off grid projects were recently announced in Nigeria, one consisting of a partnership between Pan Africa Solar and BBOXX (PAS BBOXX), adding to the growing momentum of the off grid sector across Africa.
Farmcrowdy, Nigerian digital agriculture platform, has introduced a new category of funding small scale farming in Africa by allowing Nigerians to venture and sponsor agriculture; and has further announced the launch of its first app for Android, iOS and Windows mobile devices.
The Nigerian National Petroleum Corporation has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country.
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda.
Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.
FCMB Group and its commercial and retail banking subsidiary, First City Monument Bank Limited, have promoted 537 staff. The promotion is part of the Group’s tradition of rewarding and motivating employees for higher productivity.
The Management of the Nigerian National Petroleum Corporation is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain.
Nigerian National Petroleum Corporation and Chevron Nigeria Limited have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.
Union Bank recently launched its N10 billion agricultural funding scheme on the platform of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, an all-inclusive lending program established to de-risk lending to the Nigerian agricultural sector.
ToLet.com.ng, Nigeria’s leading online property classifieds portal, has in conjunction with their existing investors, Frontier Digital Ventures, acquired Jumia House Nigeria, a competing property portal, for an undisclosed sum.
The Nigerian National Petroleum Corporation (NNPC) has pledged to promote the development and commercialization of home-grown technology in collaboration with the Nigerian Content Development and Monitoring Board.
[Nigeria] Marriott International and Landmark Africa Group announce signing of renaissance Lagos hotel
Marriott International and Landmark Africa Group have announced the signing of Renaissance Lagos Hotel and Marriott Executive Apartments.
West Africa has been at the heart of the continent’s growth and economic transformation in recent years.
Diamond Bank has handed in its Q3 2017 financial scorecard on the floor of the Nigerian Stock Exchange, displaying moderate growth in key financial parameters despite the lull trailing economic activity after the country exited recession.
Standard Bank was named the best private bank in Kenya in the 2017 Global Private Banking Awards held in Singapore last week, in recognition of its wealth investment and management arms.
Tizeti today announced a partnership to expand Express Wi-Fi by Facebook in Nigeria, with plans to roll out hundreds of hotspots over the coming months.
Succor came the way of the over a thousand hitherto dejected traders affected by the Kano Market fire disasters few months ago as the renowned business mogul, Aliko Dangote made good his promise and donated N500m to rehabilitate them.
The Nigerian National Petroleum Corporation and the Nigerian Agip Oil Company Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts through the completion of its Okpai Phase II Independent Power Project by 2019.
Following the flag-off of oil search on the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation has commenced a move to mobilize for oil exploration in the Benue State sector of the Benue Trough.
On Thursday 2 November 2017, Truecaller kicked off its Africa Launch Event at the CcHUB, a leading social innovation centre. The company hosted the exclusive event inviting media, developers and entrepreneurs to share their plans for Nigeria.
Nigeria's excess oil revenue has risen to N11.1 billion ($36.6 million) daily as the price of crude oil hits $60.44 per barrel in the international market.
Oando PLC, Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announces unaudited results for the nine months period ended 30 September, 2017, with the following highlights:
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres per annum biofuel plant in Okeluse, Ondo State.
Cinema management software for the global motion picture market and founder of the Vista Group International Vista Entertainment Solutions has signed an agreement with Filmhouse Cinemas in Nigeria.
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.
The Board of Directors of Terragon Group recently announced the appointment of Andrew Bing, former Chief Financial Officer of MTN Nigeria, as an independent non-executive director at the last board meeting which was held in London.
Comments from the International Monetary Fund (IMF) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses, especially small, micro and medium-sized enterprises.
Comments from the International Monetary Fund (IMF) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses.
The African Development Bank wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott.
Following its half year audited financial results, Nigerian bank, Fidelity Bank has posted another financial performance for the 9-month period ended September 30, 2017.
Russia and Nigeria have signed an agreement on the construction of a nuclear power plant, as well as a multipurpose nuclear research center in Nigeria, according to Russia's Rosatom state nuclear corporation.
Xceedia Media has completed the testing and launch of a new, online broadcast station called "Hot Okro Radio."
[Nigeria] Heineken unveils its first Africa inspired fashion collection co-created with African designers
In collaboration with Africa’s emerging design talent, Lulu Mutuli and Azra Walji, global beer brand, Heineken® has launched its first-ever African fashion collection.
Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, national spread, and brand popularity.
Fidelity Bank priced a highly successful US$400m 5-year Eurobond with a 10.50% coupon in what is the largest combined new issue & liability management offering ever by a Nigerian issuer.
Facebook has launched its Nigerian SME Council, the first of its kind on the continent. The council is made up of a combination of 15 startups and established SMEs from a range of industries.
Oil search in the nation’s inland basins received a fresh impetus following the commencement of exploration activities in the Benue Trough by the Nigerian National Petroleum Corporation.
The U.S. Agency for International Development (USAID), Nestlé Nigeria PLC, Volunteers for Economic Growth Alliance (VEGA) and VEGA Member Cultivating New Frontiers in Agriculture (CNFA) have announced a new partnership program.
The Gas flare rate in Nigeria stands at 12.00 per cent, the Nigerian National Petroleum Corporation Monthly Financial and Operations Report for August has revealed.
TOTAL Nigeria has commissioned the second High Speed Filling Machine in its Lubricant Blending Plant in Koko, Delta State in October 2017.
Tobi Oludayomi has for the last five years built from ground up, Studio 14 into a powerhouse that now works with high profiled clients across Western and the West African market.
Mercer South Africa (Consulting) (Pty) Ltd has entered into a strategic partnership agreement with EZ37 Solutions Limited, a Nigeria based Human Resources firm.
Global payments technology company Visa has launched the newly-incorporated Visa Foundation that will prioritize the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive.
Oracle has hosted its Modern Business Forum in Nigeria to help the country's fast-growing and large enterprises accelerate digital transformation and drive business growth with its next generation cloud applications.
Skye Business School has been awarded full accreditation status as a full-fledged banking/finance, business and continuous human capital training academy by the Chartered Institute of Bankers of Nigeria.
There is strong indication that after cement, Nigeria's steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana.
Coronation Merchant Bank has appointed Onome Komolafe as Executive Director following the approval of the Central Bank of Nigeria (CBN).
Guaranty Trust Bank plc has released its unaudited financial results for the 3rd quarter ended September 30, 2017, to the Nigerian and London Stock Exchanges.
Central Bank of Nigeria has released a regulatory framework for Bank Verification Number (BVN) operations and watch-lists for Nigerian financial system, in the quest to develop and enhance security of electronic payment systems in the country.
The Nigerian National Petroleum Corporation has a stock of over two billion litres of Premium Motor Spirit (PMS), also known as petrol, to ensure a hitch-free end-of-year movement of motorists.
SEAMFIX, Nigeria's provider of identity management solutions, has launched BioRegistra, an innovative data capture and data management platform.
“We have to give more attention and support to emerging African entrepreneurs, if the continent’s poverty, inequality and unemployment challenges are to be addressed.”
The Shell Nigeria Gas has donated an ultramodern ICT Centre and well-equipped science laboratories to African Church Community Secondary School in Ewupe, a community hosting the company’s facilities in Ota area of Ogun State.
In 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria.
As part of strategies to shore up the nation’s reserve base, the Nigerian National Petroleum Corporation (NNPC) will reinvigorate exploratory activities in the seven hydrocarbon basins in the country.
Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Philip Morris International Inc. has been recognized for the second consecutive year as a Top Employer in Africa, awarding the company’s work environment and commitment to creating value for its employees.
A new curricula focusing on entrepreneurship will now have a place in secondary schools in Nigeria.
The Northern States Governors Forum (NSGF) has selected GE Healthcare, a global provider of transformational medical technologies and services, as a long-term partner to revitalize healthcare infrastructure in the Northern States.
Creative Media Works, operating as BBM Messenger, has partnered with Springster, Girl Effect’s global mobile-first platform for vulnerable young women, to launch Girl Talk.
[Nigeria] Seamfix set to unveil Bioregistra, an innovative data capture and identity management solution
SEAMFIX, Nigeria's provider of identity management solutions, has announced plans to unveil an innovative data management solution to the Nigerian market.
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production.
FBN Holdings Plc has announced the appointment of Oluseye Kosoko as Company Secretary subject to regulatory approval.
PPC said on Friday that Nigeria’s Dangote Cement has withdrawn its interest to tie-up with the South African firm, sending its shares more than 13% lower.
The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017.
FirstBank of Nigeria has said that it has emerged the first financial institution in Nigeria and West-Africa to issue 10 million cards to customers across the sub-region.
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
Shell has launched its global education initiative, NXplorers, in Nigeria, in the latest effort to inspire young people to find solutions to the global challenges of food, water and energy in the face of an increasing global population.
Erin Energy has announced that funding commitment has been obtained to drill our high-impact Miocene exploration well. Site survey of drilling location has been completed and the well is planned to be spudded during this quarter.