As part of their shared mission to boost financial inclusion throughout Nigeria, financial inclusion company, Oradian, and the Association of Non-Bank Microfinance Institution of Nigeria, ANMFIN, have launched a strategic partnership.
Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges.
A Nigerian has harnessed the power of apps to bring Nigerians a social media app with a twist.The app is Worldjunction for iPhone and the developer company is Worldjunction LLC from Nigeria.
The Nigerian Stock Exchange has launched X-Pay, the e-payment platform for the Exchange that will enable users to conveniently make payments for products, services, events and trainings offered by the bourse.
The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Maikanti Baru, from the ongoing political tango in the National Assembly.
The African Development Bank in partnership with the Federal Government of Nigeria has inaugurated a Task Force to drive its first Public-Private Round Table on Youth Employment and Skills Development.
International organisations have shown an increased interest in the Nigerian economy since the stablization of the dollar and the exit from the recent crisis that befell the country.
A new African construction entity, Mota-Engil Nigeria, has been formed to catalyze growth in the local market by focusing on execution of construction contracts and trade enabling infrastructure.
SAP Skills for Africa has kicked off its first ever programme in Nigeria at an orientation event held in Lagos.
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked.
Google has launched a Google Station to provide high quality, high-speed Wi-Fi hotspots in Nigeria.
The Turkish Exporters Assembly and Lagos Chamber of Commerce and Industry yesterday inked a memorandum of understanding at the Turkish-Nigeria Business Forum in Lagos, Nigeria's commercial capital.
The quick passage of a law on factoring in Nigeria is a crucial step in facilitating the ease of doing business and procuring the trust of investors in the country, guests heard recently during a public hearing held at the National Assembly in Abuja.
Diamond Bank's second quarter unaudited financial report for the period ended June 30, 2018 has been released to the Executive Management and the Nigerian Stock Exchange (NSE).
Shell Nigeria Exploration and Production Company Limited (SNEPCO) has donated four ultramodern science laboratories to Eruku Secondary Commercial School in Ekiti Local Government area of Kwara State.
Nigeria, Africa's most populous nation, will be the first on the continent to receive Google's free public Wi-Fi service, the company has announced.
Oando has announced its unaudited results for the six months period ended June 30, 2018. Commenting on the results Wale Tinubu, Group Chief Executive, Oando PLC said:
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
Out of the $560 million technology startup investments that entered Africa in 2017, Nigeria earned $114.6 million.
The Nigerian Stock Exchange (NSE) has announced the listing of the N10.69billion, approximately $30 million, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchange by Debt Management Office, DMO.
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance from its core shareholder Greenoaks Global Holdings.
The Raw Materials Research and Development Council and the Association of Agricultural and Industrial Entrepreneurs of Nigeria recently signed a Memorandum of Understanding to collaborate in rural agro-industrial development.
Nigeria has unveiled a new national carrier, nearly 15 years after the previous state-run airline, Nigerian Airways ceased operations. The new airline will be known as Nigeria Air.
Lafarge Africa Plc has recorded net sales of N162 billion, about $448 million, for the first half 2018 and N82 billion, approximately $226 million, for the second quarter of 2018.
Andela, the company building high-performing engineering teams with Africa's most talented software developers, has launched a pan-African technology hub in its fourth African market: Kigali, Rwanda.
As part of its contribution towards building a financially savvy generation, The Nigerian Stock Exchange has partnered with Kinabuti Fashion Initiative to empower young people with entrepreneurial skills and financial literacy.
Nestlé Nigeria’s Managing Director and Chief Executive Officer, Mr. Mauricio Alarcon has been appointed as second Vice President of Nigeria Employers Consultative Association (NECA).
Universal Music Group (UMG), the global music-based entertainment company has announced a significant expansion of operations within Western Africa, with the launch of Universal Music Nigeria.
The Board of Directors of Ecobank Transnational Incorporated (ETI) has appointed Patrick Akinwuntan as the Managing Director & Regional Executive - designate of Ecobank Nigeria, subject to applicable regulatory approvals.
Nigeria Customs Service is among the global early adopters of the Oracle Blockchain Cloud Service which has recently been introduced.
The Nigerian National Petroleum Corporation has commenced comprehensive community integration and stakeholders’ engagement to sensitize dwellers of Iwure, Ojor and Osomba/Akin communities of Cross River State.
Union Bank has announced the launch of the We Lead Mentorship Project an 8-month youth mentorship program, in Igbodo, Delta State.
All financial institutions operating in the country have been mandated by the Central Bank of Nigeria to furnish it with their daily transaction data through the Nigeria Inter-Bank Settlement System.
Biometrics platform SmilePass have partnered with Kwara State in Nigeria to launch a Universal Health Insurance Program that will bring primary medical care to the rural state’s 3 million citizens at the flash of a face.
Total Nigeria has partnered with Ecobank to improve the m-payment solutions offered to customers across Nigeria.
The Management of China National Offshore Oil Corporation has expressed readiness to invest additional $3billion in its existing stakes in offshore oil and gas operations in the Nigerian jurisdiction.
American Block, a global designer, and manufacturer of oilfield drilling, well servicing, and marine lifting equipment, has expanded distribution in Nigeria through partnership with Oiltools Africa, an AOS Orwell company.
There is no shortage of opinions with regards to what needs to be done to improve economies of Africa. Experts from diverse fields advocate for different solutions, some tailored to fit their field interests, others seeming to stem from a place of general betterment.
The Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni have signed the Front End Engineering Design contract of Train 7 of the Nigeria Liquefied Natural Gas on Wednesday in London.
The African Trade Insurance Agency (ATI) has urged Nigeria and other countries to focus on de-risking their economies to drive future investment growth.
At a time when the electricity needs of Africa continue to outstrip available supply, a company in Nigeria is investing in providing low cost, clean and sustainable energy to especially those not connected to the national grid.
TFhost, the leading Domain Name registrar and Hosting Service Company has emerged as the overall best local hosting company in Nigeria for the year 2018.
Olam Hatcheries, a subsidiary of Olam International, an agri-business multinational, has announced the signing of a memorandum of understanding (MoU) with Ceva Santé Animale S.A, an international veterinary health research company.
MainOne, West Africa’s leading connectivity and data centre solutions provider has appointed Etienne Kouadio Doh as General Manager, Francophone West Africa.
In line with its Economic Recovery and Growth Plan, the Buhari administration would be actively supporting Google's Next Billion users plan intended to ensure greater digital access in Nigeria and around the world.
The 7CGDP is an integral leg of the gas development strategy designed by the Nigerian National Petroleum Corporation to leverage the full potential of gas to meet the target of generating at least 15 gigawatts of electricity by 2020.
MTN Nigeria’s bid to be listed on the Nigerian stock exchange has been approved to go ahead after weeks of delay by Nigeria’s Securities and Exchange Commission (SEC).
Diamond Bank has announced the appointment of Mr. Oluseyi Bickersteth as the new Chairman of the Board of Directors effective June 26, 2018.
Economic Commission for Africa (ECA) Executive Secretary, Vera Songwe has urged Nigeria to join the African Continental Free Trade Agreement (AfCFTA) movement.
NNPC Retail, the downstream subsidiary of the Nigerian National Petroleum Corporation, has embarked on nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes.
GE, the world’s premier digital industrial company and the Lagos State Government have agreed to pool their resources for the development of critical infrastructure in the state in the areas of Power, Healthcare and Skills Development.
Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of travelers, and an expansion in a number of hotel chains reinforces the hotel sector’s untapped potential for business growth.
Dangote Cement PLC, Africa’s largest cement producer, has announced the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme.
Africa Finance Corporation has announced the appointment of Samaila D. Zubairu as the Corporation's 3rd President & Chief Executive Officer, succeeding Andrew Alli who comes to the end of his tenor, having successfully served in the position since 2008.
After signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, a final nod was given to the package.
The Executive Vice Chairman of the Nigerian Communications Commission on Thursday said the 36.6 million telephone lines withdrawn from telecom operators in March this year, were found to be redundant.
MainOne’s Data Centre subsidiary, MDXI has just received its Tier III Constructed Facility certification (TCCF) from the Uptime Institute.
The Nigerian National Petroleum Corporation has justified its N147billion June remittance to the Federation Accounts and Allocation Committee, saying it is in line with the terms of agreement it had with governors on the matter.
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
Green Africa Airways has completed its Series A round of financing with Kuramo Capital, a Pan African independent investment management group based in New York with additional offices in Lagos and Nairobi.
NEC XON is creating three new Cyber Defence Operations Centres (CDOC), one in Nigeria, another in Senegal, and the third in Mauritius in addition to the existing facilities in South Africa.
Williamsville Sears Management’s recently acquired subsidiary Femab Properties Limited has entered into an MOU with the Association of Senior Civil Servants of Nigeria Ministry of Defense Abuja to develop over 1,000 houses for their members.
Afam VI power plant in Rivers State is ready to deliver its net dependable capacity of 624MW into the Nigerian national grid barring any regulator’s restrictions.
As part of its strategic aspirations to derive maximum value from Nigeria’s abundant natural gas resources, the Federal Government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas.
Nigeria holds its pole position for hotel development in West Africa despite a slight reduction on last year, according to a regional focus by the influential annual hotel pipeline survey from Lagos-based W Hospitality Group.
Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the re-introduction of its ‘Lounge Key’ programme at the airports.
Peace Hyde has opened another branch of her innovative entrepreneurship development and skills acquisition non-profit, Aim Higher Africa in Lagos.
Kwesé iflix, a joint venture between Econet Media, Africa’s leading pan-regional media company, has announced the launch of its premier digital entertainment platform in Nigeria, in partnership with telecommunication company Airtel.
Initial conflicting figures notwithstanding, the harmonised data of the aviation industry has shown a positive outlook for air travel business, with marginal growth across the board in 2017.
PSA Peugeot Citroen plans to start assembling cars in Nigeria by first quarter of 2019, via a joint venture with Africa's richest man Aliko Dangote and five state governments.
The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry.
IFC, a member of the World Bank Group, has announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria, a subsidiary of Indorama Corporation, for the construction of a new fertilizer line.
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.
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 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.
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 is gearing up to launch the Windhoek-Lagos-Accra route, commencing on 29 June 2018.
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 and Eskimi, a global programmatic platform, today announced an exclusive mobile advertising partnership in Nigeria.
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.ng a leading domain name registrar and hosting service company has broken bounds by earning quadruple accolades from the Nigerian superintendent registry.
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 (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
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.
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.
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.
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.
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.
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.
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
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, 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.
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’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.
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.
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.