News
Dangote Industries announces new appointments for strategic growth sustenance
05-03-2018 | 09:33:40
In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Dangote Industries Limited (DIL has announced new appointments.


International consortium signs interim phase agreement with Federal Government of Nigeria for rail concession
05-01-2018 | 10:10:04
Following its award of preferred bidder status by the Federal Government of Nigeria in May 2017, an International Consortium last Friday in Washington D.C, signed an agreement to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession.


Central Bank of Nigeria limits USSD transactions to N100,000 per day
04-30-2018 | 13:44:56
Effective June 2018, bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.


Oando annouces Q1 2018 results, posts N4.1b profit-after-tax
04-30-2018 | 09:09:00
Oando, Nigerian energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced audited results for the three months period ended March 31, 2017.


NNPC awards Oando Engineering, Procurement and Construction mandate to develop Ajaokuta-Kaduna-Kano gas pipeline project
04-26-2018 | 10:46:15
A two party consortium consisting of Oando, in conjunction with its midstream affiliate, Axxela Limited and Oilserv Limited, has been awarded the Engineering, Procurement, Construction mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system by the NNPC.


Nigeria bets on research and tech as it launches four year cancer control plan
04-24-2018 | 15:59:18
Nigeria has stepped up its fight against cancer with the launch of its National Cancer Control Plan 2018-2022. During the inaugural event, BIO Ventures for Global Health, BVGH, presented AAI and its alliance with the Nigerian government to address the rapidly rising burden of cancer in the country.


The Africa America Institute collaborates with Covenant University for the Jim Ovia Foundation Leaders Scholarship
04-24-2018 | 15:56:23
The Africa America Institute (AAI) just signed an MoU with Covenant University, making the institution the second university partner for the Jim Ovia Foundation Leaders Scholarship (JOFLS).


ViaDerma Inc. enters into a $250,000 initial sales agreement with Vage Nigeria
04-24-2018 | 15:53:52
Pharmaceutical company ViaDerma has entered into a $250,000 initial sales agreement with Vage Nigeria Ltd. a brand support company specializing in product sourcing.


Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
04-24-2018 | 15:49:00
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half year-old, VC-backed agritech platform, Farmcrowdy.


Bola Adesola appointed Vice Chair of the UN Global Compact board
04-24-2018 | 15:31:42
The United Nations Secretary-General has appointed Bola Adesola of Nigeria, Chief Executive Officer and Managing Director of Standard Chartered Nigeria, and Paul Polman of the Netherlands, Chief Executive Officer of Unilever, to serve as the two Vice-Chairs of the Board of the United Nations Global Compact.


MainOne’s West Africa expansion gets boost with Cote d’Ivoire license
04-23-2018 | 13:16:43
As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire.


Nigeria uninterruptible power supply to reach 4.7 per cent in 2024
04-23-2018 | 12:18:18
Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years.


Bank of Agriculture, SunTrust Bank ink agriculture financing deal
04-23-2018 | 11:39:00
Bank of Agriculture and SunTrust Bank have sealed an e-banking agreement described by the Minister of Agriculture Audu Ogbe as ‘landmark’ and instrumental to the development of agricultural sector in Nigeria.


Nigeria approves 14 of Shell’s 17 renewal applications
04-23-2018 | 11:36:13
Nigeria’s Ministry of Petroleum has approved the recommendation by the Department of Petroleum Resources to revoke three Oil Mining Leases operated by Shell Petroleum Development Company, a local arm of Shell, the Anglo Dutch major.


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.