News
CBN strengthens commitment to boost digital payments adoption with latest license approval
03-12-2018 | 13:45:23
Committed to boost digital payments adoption and digital financial inclusion in Nigeria, the Central Bank of Nigeria (CBN) has granted a Payment Solution Service Provider (PSSP) license to Cellulant Nigeria Limited.


IFC invests $52 million in Nigerian agriculture
03-12-2018 | 13:42:46
IFC has signed a cooperation agreement with the Government of Nigeria to implement a $2 million initiative targeting regulatory and institutional reforms that will strengthen Nigeria’s agribusiness sector, creating jobs and economic growth.


NNPC records $476.25m crude gas export receipts
03-12-2018 | 13:39:06
The Nigerian National Petroleum Corporation (NNPC) recorded total export receipts of $476.25m in December, 2017, from sale of crude oil and gas as against $201.11m in November, 2017.


Dangote donates N1.2b to first Business School in the Northern Nigeria, Bayero University, Kano
03-05-2018 | 22:36:02
The business educational development of Northern Nigeria took a new turn at the weekend when Aliko Dangote donated a N1.2 billion ultra-modern business school edifice to the Bayero University, Kano, (BUK), first of such in the northern part of the country.


Nigeria’s first Marine Engineering Centre of Excellence takes off at Rivers State University
03-05-2018 | 22:31:02
The Centre of Excellence in Marine Engineering and Offshore Technology is set to open its doors to the pioneer students who are currently being screened in an admission process.


NNPC fast-tracks seven critical gas projects to boost power generation
03-05-2018 | 18:42:47
The Nigerian National Petroleum Corporation has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium term supply gap by 2020.


Glo subscribers to get 4G MiFi with bumper free data
02-08-2018 | 11:37:00
Globacom has announced an offer that benefits its teeming subscribers. The bundle offer comprises the network’s mini router, Glo MiFi, with 16 gigabytes of data for N16,000.


Nigerian Export-Import Bank urges SMEs in Southeast and Delta states to access $5b export facilities
02-08-2018 | 11:18:48
The Nigerian Export-Import Bank (NEXIM) urges Small and Medium Entrepreneurs (SMEs) in Southeast and Delta States to Access N550 Billion, $5 billion, Export Facilities.


Fitch upgrades Access Bank’s national rating to A+
02-08-2018 | 11:14:00
Fitch Ratings, a global rating agency in its latest report, has upgraded Access Bank’s National Long-Term Rating to A+ from A. At the same time, Fitch affirmed the Bank’s Long-Term Issuer Default Rating (IDR) at B.


Arik Air resumes Garden City Express from MMA2, Lagos
02-06-2018 | 09:58:00
Arik Air, Nigeria’ s largest carrier is resuming its Garden City Express which enables customers to fly direct to the heart of Port Harcourt City from MMA2 terminal in Lagos.


African Infrastructure Investment Managers and Helios Investment Partners invest in Nigeria's Starsight Power Utility
02-05-2018 | 10:13:12
African Infrastructure Investment Managers, one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments, has announced an investment in Starsight Power Utility.


Oando appoints Muntari Muhammed Zubairu as Director
02-05-2018 | 10:04:34
Oando hereby notifies the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer.


African Reinsurance Corporation becomes member of Africa Finance Corporation
02-01-2018 | 12:29:45
African Reinsurance Corporation announces its membership of Africa Finance Corporation (AFC), and becomes the first multi-lateral financial institution to invest in AFC.


Erin Energy discovers Hydrocarbons in its Oyo-NW Well
02-01-2018 | 10:08:57
Erin Energy Corporation today announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.


Agric sector records 3% growth despite recession
02-01-2018 | 09:36:30
The Director-General, Budget Office of the Federation, Ben Akabueze, has revealed that despite the economic downturn fueled by recession, the agricultural sector of the economy grew by three per cent.


Guinness Nigeria records $67m in profit for the first half of the 2018 financial year
02-01-2018 | 09:28:24
Guinness Nigeria has announced its half year results for the period ended 31st December 2017. The company delivered revenue of $197 million, N70.6billion, and gross profit of $67 million.


Startup Rensource raises $3.5m to take affordable renewable energy to more Nigerians
01-30-2018 | 13:28:00
Rensource, a Lagos-based renewable energy startup, has raised $3.5 million in bridge financing to expand its business. This is coming nearly 2 years after a previous seed round of $1.1m in 2016.


Nigerian Federation owes NNPC N170.6b outstanding subsidy payments
01-30-2018 | 08:29:53
The Nigerian National Petroleum Corporation Monday in Abuja revealed that the Nigerian Federation was indebted to the corporation to the tune of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015.


Etihad Airways expands services to Nigeria
01-29-2018 | 14:37:06
Etihad Airways today reaffirmed its commitment to Nigeria with the announcement of two additional weekly flights on the popular Abu Dhabi–Lagos route, taking it to a daily service.


Aliko Dangote donates N1.2b structure for Business School in Bayero University
01-29-2018 | 10:40:13
In his commitment to encouraging entrepreneurship in the country as a way out of the economic doldrums, Nigeria’s business magnate, Aliko Dangote, is donating another N1.2 billion structure for running of business school in Bayero University, Kano.