News
European Investment Bank and AfDB collaborate to support private sector investment in Nigeria
04-19-2018 | 14:25:24
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.


Telecoms VAS market hits $200m in Nigeria
04-19-2018 | 14:09:47
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
04-19-2018 | 12:37:34
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
04-19-2018 | 11:40:00
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.


Nigerian Stock Exchange to migrate Access Bank, Lafarge, Seplat and UBA to Premium Board
04-17-2018 | 12:25:00
The Nigerian Stock Exchange is set to migrate Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board, 2018 sequel to them applying and meeting the Exchange’s listing requirements for the board.


First Bank bets on ATMs to grow customer base
04-17-2018 | 12:02:45
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.


The African Development Bank supports Nigeria’s healthcare sector
04-17-2018 | 11:53:48
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.


Konga and Yudala merge e-commerce operations
04-17-2018 | 11:51:56
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 to support local investors on advancement of technology
04-17-2018 | 10:31:00
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.


Fintech startup Zoto grows transaction base by 56%
04-12-2018 | 11:56:55
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.


Vodacom Business Nigeria and Intelsat sign agreement to expand broadband connectivity throughout West Africa
04-12-2018 | 11:24:29
Intelsat S.A, operator of the world’s first Globalized Network and a player in integrated satellite solutions, has announced that Vodacom Business Nigeria has signed an agreement for satellite services to expand its enterprise broadband networks.


NNPC moves to expand retail footprints nationwide
04-12-2018 | 11:20:51
In its bid to ensure that Nigerians enjoy the benefits of steady supply and distribution of petroleum products, the Nigerian National Petroleum Corporation (NNPC) is working assiduously to expand its network of retail stations nationwide.


Web Assets Nigeria announces new tool to fight crime and terrorism
04-12-2018 | 11:14:42
Web Assets Nigeria Limited has announced that the Hawk Eye Global Crime Reporting System is now available to Nigerians in Federal Capital Territory and Lagos to report crime and other incidents to law enforcement.


Zenith Bank introduces Pounds Sterling and Euro Visa Debit Cards
04-12-2018 | 11:04:08
Nigerian financial institution, Zenith Bank, is enhancing the ability of its customers to perform international transactions with the introduction of the Zenith Bank British Pounds and Euro Visa Debit Cards.


Terragon raises $5m from TLcom Capital to scale data and marketing technology platform for Africa
04-09-2018 | 10:06:14
Terragon, Africa’s leading mobile marketing company has closed a $5 million funding round led by Africa-focused TLcom Capital with participation from other investors.


Nigerian National Petroleum Corporation signs contract agreements for 614km AKK Project
04-09-2018 | 10:02:25
The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta - Kaduna - Kano gas pipeline and stations.


MTN Nigeria and Huawei complete commercial deployment of RuralStar 2.0
04-09-2018 | 09:53:24
MTN Nigeria and Huawei have completed commercial deployment of the RuralStar 2.0 solution. The project provides low-cost long-distance voice and mobile broadband services for remote rural areas in Nigeria, helping to connect the unconnected.


Farmcrowdy bolsters farmland by 175% with launch of 7,500 new acres
04-09-2018 | 09:44:24
Farmcrowdy, Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has announced the launch of 7,500 acres of new maize and rice farms in Nigerian states, Kaduna and Kwara.


Viper Networks and Apollo complete first African smart cities solution in Nigeria
04-09-2018 | 09:25:00
Viper Networks Inc. in partnership with Apollo Smart Lights and Apollo INT’L SAL, has completed the first Smart Cities Solution deployment in Africa.


IDH and Rockefeller Foundation partner to support Nigeria cassava value chain with a $2m investment
03-29-2018 | 13:05:00
IDH, The Sustainable Trade Initiative, has received a grant of a $2 million grant from The Rockefeller Foundation to the IDH Cassava Initiative, to go towards industrializing the cassava value chain in Nigeria.