News
Afreximbank has invested $17 billion in Nigeria to date
06-14-2018 | 14:38:00
The African Export-Import Bank 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.


BBM signs Eskimi as exclusive mobile advertising partner in Nigeria
06-14-2018 | 14:32:26
BBM and Eskimi, a global programmatic platform, today announced an exclusive mobile advertising partnership in Nigeria.


Union Bank receives PCI DSS recertification, ISO 27001 certification
06-12-2018 | 12:00:39
Union Bank, one of Nigeria’s most trusted financial institutions has announced its attainment of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.


CBN issues guidelines on currency swap deal with China
06-11-2018 | 14:58:00
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.


Buhari appoints new Central Bank Deputy Governor
06-11-2018 | 14:53:30
President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.


First Bank, WorldRemit in digital money transfer partnership
06-07-2018 | 10:42:43
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (FirstBank) for instant money transfers to First Bank accounts in Nigeria.


Microsoft Nigeria, First Bank collaborate to bolster SMEs
06-07-2018 | 10:14:00
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
06-05-2018 | 11:29:59
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 gets ISO certification
06-05-2018 | 10:57:00
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.


EU, GVE build N242.9m solar mini grid in Plateau State
06-05-2018 | 10:41:00
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
06-05-2018 | 10:20:53
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.


Shell spends N21b on community development in Bayelsa
06-04-2018 | 09:43:25
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.


BON Hotels' portfolio links strategic centres across Nigeria, creating important tourism circuits
05-31-2018 | 12:28:00
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 across 14 cities.


Williamsville Sears set to acquire Turner Wright
05-31-2018 | 12:23:50
​Diversified holding corporation Williamsville Sears Management has signed a Letter of Intent for the acquisition of Turner Wright Limited, a Nigerian-based pharmaceutical firm


Mobile savings app, Piggybank.ng, secures £1.1M seed funding
05-31-2018 | 10:26:00
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.


MTN mulls public offer in Nigeria
05-29-2018 | 13:37:13
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.


Nestlé announces reorganization in Sub-Saharan Africa
05-29-2018 | 12:29:26
Today Nestlé announces a reorganization in Sub-Saharan Africa. These changes will ensure its Sub-Saharan Africa business continues on a healthy growth path, delivering affordable nutrition to as wide a population as possible.


NNPC Retail to capture 30% market share by 2020
05-29-2018 | 12:18:11
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.


Union Bank introduces robotics to Banking
05-28-2018 | 10:30:57
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
05-28-2018 | 09:28:00
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.