News
Nigeria’s oil production cost down 70.5% to $23/barrel
08-17-2017 | 11:10:43
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.


12 banks relieve 9Mobile of $1.2b debt
08-17-2017 | 10:47:00
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.


Skye Bank unveils SkyeXperience, a new digital solution
08-15-2017 | 12:11:00
Skye Bank, one of Nigeria's largest retail banks, over the weekend unveiled a new digital banking solution called Skyexperience.


Erin Energy announces the spud of Oyo-9 Well
08-15-2017 | 11:33:08
Erin Energy Corporation today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria.


NNPC pledges support to FG’s aspiration to generate 10GW of electricity
08-15-2017 | 11:18:35
In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation has unveiled plans to expand gas generation and distribution nationwide.


Lagos slumps as travel to Africa displays double-digit growth
08-15-2017 | 10:55:00
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017.


Dangote, GrowAfrica and Nigeria Agribusiness Group sign MoU for more investment in agriculture
08-14-2017 | 11:01:00
As part of efforts to boost private sector’s investment in agriculture, Dangote Group, GrowAfrica and Nigeria Agribusiness Group have signed a Memorandum of Understanding.


WAEC partners with NNPC in Quiz Competition
08-14-2017 | 09:49:39
The Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has expressed satisfaction over the innovation introduced in the conduct of the 2017 edition of the competition.


Erin Energy announces second quarter 2017 results
08-10-2017 | 11:19:20
Erin Energy Corporation announces today financial and operational results for the quarter ended June 30, 2017.


Central Bank of Nigeria gives OFIs new BVN deadline
08-10-2017 | 11:02:53
The Central Bank of Nigeria (CBN) has extended the deadline for registration into the Bank Verification Number (BVN) project for Other Financial Institutions (OFIs) to December 31, 2017.


Arik Air gets IATA Ground Operations Certificate
08-09-2017 | 11:20:49
Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) Ground Operations Manual (IGOM) registry.


Nigerian Professional Football League Launches New Lottery with Highest Jackpot in Africa
08-09-2017 | 10:06:17
AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League clubs by the League Management Company in partnership with British-based Ofertas365.


Air Peace launches Lagos-Akure route August 11
08-08-2017 | 13:25:05
Air Peace is to launch its maiden flight to the Akure Airport on Friday August 11, 2017. The inaugural Lagos-Akure-Lagos flight will take off from the airline’s Murtala Muhammed Airport, Ikeja.


India collaborates with Nigeria to accelerate ICT growth
08-08-2017 | 11:09:23
The governments of India and Nigeria are set to forge closer cooperation in a determined effort to accelerate growth in Information and Communications Technology with a view to boost both countries’ economies.


NNPC to increase Federal Government revenue by $30 Billion
08-08-2017 | 09:32:11
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion.


Ethiopian Airlines begins flight to Kaduna, Nigeria
08-07-2017 | 11:16:00
Ethiopian Airlines Group, a Star Alliance member, inaugurates its maiden flight to Kaduna, Nigeria at a reception held at Ethiopian main hub Addis Ababa Bole International Airport on August 1st, 2017.


Startup Flutterwave gets over $10m boost from Greycroft Partners and Green Visor
08-07-2017 | 11:01:27
Nigerian owned and San Francisco based payment startup Flutterwave has announced it secured over USD10 million from Greycroft Partners and Green Visor.


NNPC, Shell, Chevron sign agreements to boost FG revenue by $16b
08-07-2017 | 10:04:00
Two sets of alternative financing agreements on Joint Venture projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation, Chevron and Shell.


Future Energy Nigeria set to unveil new power sector recovery program in Lagos
08-07-2017 | 09:51:18
The rebranded Future Energy Nigeria will return to Lagos in November and will focus on the bold turnaround plan of the Nigerian government, known as the Power Sector Recovery Program.


NIPOST adopts what3words addressing system for higher efficiency
08-03-2017 | 11:14:44
Nigeria's postal service, NIPOST, has adopted the innovative global addressing system which3words becomes the seventh country globally and third in Africa.