News
Nigeria leads rest of Africa in e-commerce opportunity - EIU
08-22-2017 | 13:44:44
On the basis of its high business environment opportunity potential, Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years.


ACDI/VOCA launches Alliance Agriculture to create millionaire farmers
08-22-2017 | 10:07:57
ACDI / VOCA has launched Alliance Agriculture in Nigeria, a private sector-led partnership to pilot an integrated network of input supply, buyers, and smallholder farmers around shared use irrigation schemes.


Delta Air introduces new service to Nigeria via John F Kennedy hub
08-21-2017 | 11:33:56
Delta Air Lines is offering customers a new way to reach Lagos, Nigeria, starting March 24, 2018, via new service from the airline's New York-JFK hub.


NNPC, Presidential Committee to collaborate against oil theft
08-21-2017 | 10:46:00
NNPC has pledged support to the Presidential Committee on Harmonised Standard Operating Procedures on Arrest, Detention and Prosecution of Vessels and Persons in Nigeria’s Maritime Environment (HSOP) to tackle the menace of oil theft.


MainOne targets Ghana enterprises, SMBs with new data center colocation offering
08-21-2017 | 10:30:00
MainOne has launched a new colocation service, in addition to its connectivity solutions, to address the needs of businesses in Ghana seeking reduced IT infrastructure costs and improved efficiency via a shared services platform.


Off grid solar will transform business in Nigeria, Lumos
08-21-2017 | 10:10:00
Lumos, the people behind one of the fastest growing off-grid solar companies in Africa, have said that the mobile solar revolution will transform Nigeria’s small-business economy.


Nigeria’s oil production cost down 70.5% to $23/barrel
08-17-2017 | 11:10:43
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.


12 banks relieve 9Mobile of $1.2b debt
08-17-2017 | 10:47:00
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.


Skye Bank unveils SkyeXperience, a new digital solution
08-15-2017 | 12:11:00
Skye Bank, one of Nigeria's largest retail banks, over the weekend unveiled a new digital banking solution called Skyexperience.


Erin Energy announces the spud of Oyo-9 Well
08-15-2017 | 11:33:08
Erin Energy Corporation today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria.


NNPC pledges support to FG’s aspiration to generate 10GW of electricity
08-15-2017 | 11:18:35
In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation has unveiled plans to expand gas generation and distribution nationwide.


Lagos slumps as travel to Africa displays double-digit growth
08-15-2017 | 10:55:00
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017.


Dangote, GrowAfrica and Nigeria Agribusiness Group sign MoU for more investment in agriculture
08-14-2017 | 11:01:00
As part of efforts to boost private sector’s investment in agriculture, Dangote Group, GrowAfrica and Nigeria Agribusiness Group have signed a Memorandum of Understanding.


WAEC partners with NNPC in Quiz Competition
08-14-2017 | 09:49:39
The Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has expressed satisfaction over the innovation introduced in the conduct of the 2017 edition of the competition.


Erin Energy announces second quarter 2017 results
08-10-2017 | 11:19:20
Erin Energy Corporation announces today financial and operational results for the quarter ended June 30, 2017.


Central Bank of Nigeria gives OFIs new BVN deadline
08-10-2017 | 11:02:53
The Central Bank of Nigeria (CBN) has extended the deadline for registration into the Bank Verification Number (BVN) project for Other Financial Institutions (OFIs) to December 31, 2017.


Arik Air gets IATA Ground Operations Certificate
08-09-2017 | 11:20:49
Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) Ground Operations Manual (IGOM) registry.


Nigerian Professional Football League Launches New Lottery with Highest Jackpot in Africa
08-09-2017 | 10:06:17
AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League clubs by the League Management Company in partnership with British-based Ofertas365.


Air Peace launches Lagos-Akure route August 11
08-08-2017 | 13:25:05
Air Peace is to launch its maiden flight to the Akure Airport on Friday August 11, 2017. The inaugural Lagos-Akure-Lagos flight will take off from the airline’s Murtala Muhammed Airport, Ikeja.


India collaborates with Nigeria to accelerate ICT growth
08-08-2017 | 11:09:23
The governments of India and Nigeria are set to forge closer cooperation in a determined effort to accelerate growth in Information and Communications Technology with a view to boost both countries’ economies.