Resort Savings & Loans secures $250m investment from Milost Global
03-19-2018 | 14:27:39
US-based private equity investor Milost Global has signed a deal to invest $250 million in Resort Savings & Loans, a financial services company.

AfDB undertakes High Power Sector mission in Nigeria
03-19-2018 | 07:28:00
The African Development Bank has undertaken a mission to hold further discussions on Nigeria’s Power Sector Recovery Program (PSRP) with several stakeholders in Abuja, the country’s capital, from March 14-16, 2018.

Nigerians prefer mobiles phones to computers in online shopping, Jumia report
03-18-2018 | 19:21:22
A recent report on the Nigerian Mobile Sector by Africa’s leading e-commerce company Jumia, has revealed an 11% increase in the number of Nigerians who visited the Jumia Website via their mobile phones, 79% in 2017 versus 71% in 2016.

GTBank announces Year 2017 PBT of N200.24b
03-15-2018 | 09:39:29
Guaranty Trust Bank released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges.

FBNHoldings appoints Ariyibi to FBNQuest Capital, Borodo to FBNQuest Trustees Board
03-15-2018 | 09:22:00
FBN Holdings has announced the appointment of Mr Olawale Ariyibi as Chairman of the Board, FBNQuest Capital, and Mr Tijanni Borodo as Chairman of the Board, FBNQuest Trustees.

Arik Air moves Port Harcourt flights to MMA2
03-14-2018 | 13:53:25
Arik Air will from March 17, 2018 move all its Port Harcourt flights to Murtala Muhammed Airport Terminal 2 (MMA2) Lagos.

Zenith Bank partners Facebook and Mastercard to pioneer QR payments on Facebook Messenger
03-14-2018 | 13:50:46
Zenith Bank has confirmed that it is in a strategic partnership with Facebook and Twitter to launch a Masterpass QR bot for Facebook messenger, that will enable Nigerian businesses set up digital accounts and accept QR payments.

NNPC drives down cost of producing crude oil per barrel to $20
03-14-2018 | 13:46:36
The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel.

Consumer Confidence surges ahead for West Africa - Nielsen research
03-12-2018 | 14:56:42
The latest West Africa Consumer Confidence Index (CCI) figures released by Nielsen for Quarter 4, 2017 show a marked increase and continued positive performance for both Nigeria and Ghana.

Indonesia eyes more Nigerian crude oil
03-12-2018 | 13:48:31
Indonesia has expressed the desire to buy more crude oil from Nigeria, a request having been made by the Head of Economic Affairs of the Indonesian Embassy.

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.