News
NNPC/FIRST E&P JV finalize $724m Schlumberger oil finance deal
07-03-2018 | 07:00:00
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.


NCC withdraws 36.6 million lines from telecom operators
07-02-2018 | 13:15:00
The Executive Vice Chairman of the Nigerian Communications Commission on Thursday said the 36.6 million telephone lines withdrawn from telecom operators in March this year, were found to be redundant.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 MDXI becomes most certified Data Center in Nigeria
07-02-2018 | 09:56:30
MainOne’s Data Centre subsidiary, MDXI has just received its Tier III Constructed Facility certification (TCCF) from the Uptime Institute.


NNPC justifies N147b June remittance to FAAC
07-02-2018 | 09:36:48
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.


Shell Nigeria readies 624MW electricity for national grid
06-28-2018 | 10:05:13
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.


Nigerian Government targets 10% global LNG market
06-28-2018 | 09:55:18
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 still leads West Africa hotel expansion - survey
06-28-2018 | 09:48:00
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.


UBA introduces Lounge Key Airport Program on Gold MasterCard
06-26-2018 | 13:15:00
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 opens Aim Higher Africa skills acquisition centre in Lagos
06-26-2018 | 10:14:00
Peace Hyde has opened another branch of her innovative entrepreneurship development and skills acquisition non-profit, Aim Higher Africa in Lagos.


Aviation records growth with 14.1 million passenger traffic
06-25-2018 | 15:00:59
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.


Peugeot to start Nigeria assembly plant by Q1 2019
06-25-2018 | 13:07:00
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.


NNPC reels out plans to attract private investment
06-25-2018 | 09:00:00
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.


Nigeria’s agriculture export rises 24% in 3 months
06-21-2018 | 13:17:55
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.


Air Namibia set to launch Windhoek-Lagos-Accra route
06-18-2018 | 14:02:00
Air Namibia is gearing up to launch the Windhoek-Lagos-Accra route, commencing on 29 June 2018.


Nestlé Nigeria and IFDC collaborate to improve sustainable farming
06-18-2018 | 11:23:44
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.


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.