News
Union Bank Nigeria announces N10bn Agricultural Fund in partnership with NIRSAL
11-15-2017 | 10:46:05
Union Bank recently launched its N10 billion agricultural funding scheme on the platform of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, an all-inclusive lending program established to de-risk lending to the Nigerian agricultural sector.


ToLet.com.ng acquires Jumia House Nigeria
11-15-2017 | 10:06:08
ToLet.com.ng, Nigeria’s leading online property classifieds portal, has in conjunction with their existing investors, Frontier Digital Ventures, acquired Jumia House Nigeria, a competing property portal, for an undisclosed sum.


NNPC to promote In-Country Technology
11-15-2017 | 09:56:47
The Nigerian National Petroleum Corporation (NNPC) has pledged to promote the development and commercialization of home-grown technology in collaboration with the Nigerian Content Development and Monitoring Board.


Diamond Bank grows profit by 71% in 9 months
11-09-2017 | 10:21:36
Diamond Bank Plc has handed in its Q3 2017 financial scorecard on the floor of the Nigerian Stock Exchange (NSE), displaying moderate growth in key financial parameters despite the lull trailing economic activity after the country exited recession.


Stanbic named best private bank in Kenya, Nigeria and Ghana
11-08-2017 | 12:56:00
Standard Bank was named the best private bank in Kenya in the 2017 Global Private Banking Awards held in Singapore last week, in recognition of its wealth investment and management arms.


Dangote donates N.5b to Kano traders
11-08-2017 | 11:37:06
Succor came the way of the over a thousand hitherto dejected traders affected by the Kano Market fire disasters few months ago as the renowned business mogul, Aliko Dangote made good his promise and donated N500m to rehabilitate them.


NNPC/Agip JV to increase power generation by 480MW
11-08-2017 | 11:03:00
The Nigerian National Petroleum Corporation and the Nigerian Agip Oil Company Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts through the completion of its Okpai Phase II Independent Power Project by 2019.


Tizeti and Facebook partner to expand express wifi by Facebook in Nigeria
11-08-2017 | 09:30:00
Tizeti today announced a partnership to expand Express Wi-Fi by Facebook in Nigeria, with plans to roll out hundreds of hotspots over the coming months.


Nigerian National Petroleum Corporation intensifies oil search in Benue Trough
11-06-2017 | 10:09:42
Following the flag-off of oil search on the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation has commenced a move to mobilize for oil exploration in the Benue State sector of the Benue Trough.


Truecaller launches developer program
11-06-2017 | 09:46:51
On Thursday 2 November 2017, Truecaller kicked off its Africa Launch Event at the CcHUB, a leading social innovation centre. The company hosted the exclusive event inviting media, developers and entrepreneurs to share their plans for Nigeria.


Nigeria's excess oil revenue hits $36.6m daily
11-02-2017 | 10:37:01
Nigeria's excess oil revenue has risen to N11.1 billion ($36.6 million) daily as the price of crude oil hits $60.44 per barrel in the international market.


Hilton and Transcorp Hotels sign 20 year extension for Transcorp Hilton Abuja management
11-02-2017 | 10:06:45
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.


Vista Entertainment Solutions signs screening partnership with Filmhouse Cinemas Nigeria
11-02-2017 | 10:02:10
Cinema management software for the global motion picture market and founder of the Vista Group International Vista Entertainment Solutions has signed an agreement with Filmhouse Cinemas in Nigeria.


Oando announces YTD September 2017 Results, posts N7.1b Profit-After-Tax
11-02-2017 | 09:26:00
Oando PLC, Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announces unaudited results for the nine months period ended 30 September, 2017, with the following highlights:


NNPC to establish biofuel plant in Ondo
11-02-2017 | 08:54:22
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres per annum biofuel plant in Okeluse, Ondo State.


Former MTN Nigeria CFO joins Terragon Group’s Board of Directors
10-31-2017 | 14:41:00
The Board of Directors of Terragon Group recently announced the appointment of Andrew Bing, former Chief Financial Officer of MTN Nigeria, as an independent non-executive director (NED) at the last board meeting which was held in London.


African Development Bank supports Nigerian Government’s economic recovery efforts
10-31-2017 | 12:14:13
The African Development Bank wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott.


Fidelity Bank grows profit by 65.1% as profit before tax hit N16.2bn in Q3 2017
10-31-2017 | 11:11:00
Following its half year audited financial results, Nigerian bank, Fidelity Bank has posted another financial performance for the 9-month period ended September 30, 2017.


Xceedia Media completes testing and launch of Hot Okro Radio
10-31-2017 | 10:50:17
Xceedia Media has completed the testing and launch of a new, online broadcast station called "Hot Okro Radio."


Nigeria and Russia sign agreement on cooperation in use of nuclear technologies
10-31-2017 | 10:41:21
Russia and Nigeria have signed an agreement on the construction of a nuclear power plant, as well as a multipurpose nuclear research center in Nigeria, according to Russia's Rosatom state nuclear corporation.