News
10 banks rake in N138bn from alerts, e-services in one year
05-24-2017 | 09:15:00
Leading banks in Nigeria have reported a significant rise in income from fees they charge customers for use of their various electronic banking services.


Products Supply to Improve as NNPC Revives Kano Depot Three Years After
05-23-2017 | 09:58:57
Petroleum products supply to the Northern part of the country received a boost yesterday as the Nigerian National Petroleum Corporation, NNPC, re-commissioned its Kano Depot, even amidst encomiums poured on the Corporation for reviving the facility.


Lagos state government partners with MainOne on free WiFi project
05-23-2017 | 09:52:52
The Lagos State Government has launched a free public Wi-Fi project at parks and gardens in Lagos in partnership with MainOne.


OGUNCCIMA lauds Dangote Group’s collaboration as Group’s subsidiaries offer products at subsidised prices
05-23-2017 | 09:43:14
The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians.


She Leads Africa launches accelerator for women run businesses with Work in Progress Alliance
05-23-2017 | 08:32:43
She Leads Africa has announced applications for the 2017 She Leads Africa Accelerator, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs.


Aiteo Group appoints Ratko Knezevic to drive growth and diversification in Nigeria
05-23-2017 | 08:25:28
Aiteo Group has announces the appointment of Mr. Ratko M. Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development.


Opera announces Victor Moses as brand ambassador in Africa
05-23-2017 | 08:21:19
Opera is kicking off a partnership with football professional Victor Moses, Chelsea starter and Nigerian national team star player. Moses will be the brand ambassador of Opera Mini, the most popular browser in Africa.


Afreximbank's financing to Nigeria tops $35 billion
05-23-2017 | 08:15:45
The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities since its inception to support the country's economic and trade growth.


Moody's thoughts on Nigeria's economy and banks
05-11-2017 | 12:16:11
Moody’s Investors Service’s projections for Nigeria’s economy are favourable. Following the -1.5% y/y contraction in GDP last year, it projects GDP growth at 2.5% y/y in 2017 followed by 4% y/y in 2018.


Etisalat Nigeria says no deadlock in negotiation with banks
05-11-2017 | 12:01:16
Etisalat Nigeria has reacted to reports claiming that the on-going discussions with its bankers have become stalled or reached a deadlock.


Dangote transforms Masaiti district, reduces cement prices
05-11-2017 | 11:39:00
A gravel road snaking through an open swath of land outside Ndola in Masaiti has no distinct name, but as one completes its 10-kilometre stretch, one name becomes clear – Dangote.


Smile Telecoms appoints Ahmad Farroukh to its board to lead operations
05-11-2017 | 10:25:10
Smile Telecoms Holdings Ltd, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, is delighted to announce the appointment of Ahmad Farroukh to its Board as Executive Director, Operations, effective 1 May 2017.


NNPC, Partners to Boost Domestic Gas Supply by 285%
05-11-2017 | 10:10:00
Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from1.3billion standard cubic feet per day to 5bscf/d by 2020.


CcHub Launches ‘Diaspora Challenge’ in London
05-09-2017 | 10:16:50
Co-creation Hub (CcHUB), the leading social innovation centre in Nigeria, has launched the ‘CcHub Diaspora Challenge’, an international project that will engage entrepreneurs, innovators and scientists from African communities in the UK and source scalable business solutions to social challenges in Africa.


Data experts, MainOne, extends reach across West Africa with new countries
05-08-2017 | 11:21:00
Though internet penetration in Africa is currently at 27.7%, lower than the world average of 49.6% and despite challenges the continent faces with the high cost of service delivery, lack of infrastructure and limited skills, retail mobile data traffic continues to grow at rates up to 145% year over year in Nigeria


Shell trains medical workers in emergency care in Anambra State
05-08-2017 | 10:10:23
Shell Nigeria Exploration and Production Company (SNEPCo) has facilitated the training of medical workers from hospitals in Anambra State on emergency resuscitation.


Samsung S8 and S8+ released in Nigeria
05-08-2017 | 09:59:01
The all new Galaxy S8 and S8+, has been launched into the Nigerian market by Samsung Electronics. The Nigerian launch event recently took place at the Renaissance Hotel, GRA, Ikeja, Lagos.


NNPC Showcases Multi-Billion Dollar Investment Opportunities
05-08-2017 | 09:36:31
In its bid to woo investors, the Nigerian National Petroleum Corporation (NNPC) has unveiled multi-billion dollar investment opportunities in the Nigerian oil and gas sector.


Nigeria sees oil output jumping to 2.5 million bpd by 2019
05-04-2017 | 14:56:34
With a new funding arrangement for the joint ventures with international oil majors, Nigeria expects its crude oil production to rise to 2.5 million bpd by 2019, from 2.2 million bpd capacity now.


UBA introduces mobile payments with *919# Magic Banking
05-04-2017 | 11:00:00
African financial institution, United Bank for Africa, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria.