News
Korea Institute of Science & Technology, Nigeria University, 3 other African universities partner to advance science & technology research
09-28-2017 | 13:35:00
The Korea Institute of Science and Technology (KIST) has signed new agreements with four premier African universities to propel their research and PhD programs in applied sciences and technology.


Investments In Nigeria’s telecom sector hit $70b - NCC report
09-28-2017 | 12:59:59
Investments inflows into Nigeria’s telecommunications sector have jumped to N21.4 trillion ($70 billion) in 2017, up from the $68 billion it was last year.


Nigeria Central Bank retains lending rate at 14%
09-28-2017 | 12:43:31
The Central Bank of Nigeria (CBN) has left the country's benchmark interest rate unchanged at 14 per cent, alongside all the other monetary policy rates for the seventh consecutive time over fears of consequent inflation.


BOA, NIPOST to support five million farmers with credit access
09-28-2017 | 09:43:00
The Bank of Agriculture (BOA) and Nigeria Postal Service (NIPOST) are collaborating to provide financial services to five million farmers across the country over the next two years.


Protea Hotels by Marriott strengthens footprint in Nigeria with new hotel
09-28-2017 | 09:10:16
Protea Hotels by Marriott, part of Marriott International, Inc. has opened Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria, a development, which further consolidates its presence in the country.


Buhari administration engages national assembly, chief justice in new ease of doing business action plan
09-26-2017 | 14:02:00
The Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, will, on Tuesday, consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0.


NPDC poised to grow equity production to 500,000 bpd by 2020
09-26-2017 | 10:15:52
Nigerian Petroleum Development Company is poised to grow its equity production from the current 180,000 barrels per day to 300,000 bpd by 2018 and by 2019 and 2020 its production is expected to hit 400,000 bpd and 500,000 bpd, respectively.


[Nigeria] Union Bank’s N50b Rights Issue now open for subscription
09-25-2017 | 09:50:00
Union Bank has announced that subscription period for its N50 billion Rights Issue which commenced on Wednesday, September 20 and will close on October 30, 2017.


FSDH Merchant Bank announces investment by AFIG Funds
09-25-2017 | 09:30:15
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.


Dangote Industries enlists pubic support in tracking contraband goods in its trucks
09-21-2017 | 10:27:28
The Management of Dangote Industries Limited has launched a passionate appeal to members of the public to assist in monitoring both the recklessness and the illegal haulage of contraband goods by some of its truck drivers.


NNPC to accelerate Local Capacity Development in Nigeria's Oil Industry
09-21-2017 | 10:20:59
The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry.


Nigerian Communications Commission reveals recent decrease in internet users in Nigeria
09-21-2017 | 10:03:38
The Nigerian Communications Commission (NCC) revealed that the number of people using the internet in Nigeria decreased in the month of July 2017.


Baker Hughes awarded contract by Nigeria LNG in digital agreement for Sub-Saharan Africa
09-21-2017 | 09:26:36
Baker Hughes, a GE company, has signed an agreement for the provision of Asset Performance Management software and services for LNG trains and related Balance of Plant by Nigeria LNG Limited.


Africa will become the food basket of the world - Aliko Dangote
09-21-2017 | 09:17:19
Nigerian business leader Aliko Dangote told investors "Agriculture, agriculture, agriculture. Africa will become the food basket of the world."


Dangote Foundation, GBCHealth, join forces to build Coalition on Health
09-19-2017 | 12:32:00
Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa.


Olam invests $150m to boost its Nigeria food business
09-19-2017 | 12:22:10
Olam International Ltd. invested $150 million in animal-feed mills and poultry farms in Nigeria as it seeks to boost its agribusiness venture in Africa’s biggest food market by population.


NCAA certifies that Lagos Airport meets international aviation standards
09-19-2017 | 10:28:20
The Nigerian Civil Aviation Authority has certified the nation's busiest airport, Murtala Muahmmed International Airport, for meeting global safety and security standards as prescribed by the International Civil Aviation Organisation (ICAO).


Denmark, NNPC to invest in Joint Processing Company
09-18-2017 | 10:33:00
The Danish Government will guarantee a 10 per cent equity financing of a Joint Venture Company involving the Nigerian National Petroleum Corporation (NNPC) and a Danish firm, Unibio A/S Limited.


Central Bank of Nigeria reviews limits on mobile money transaction
09-18-2017 | 10:13:20
The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.


FirstBank to disburse N15bn to private secondary and primary schools across Nigeria
09-14-2017 | 10:50:00
FirstBank has developed an array of products and solutions targeted at enabling schools acquire attractive educational facilities to support their business whilst empowering parents and guardians to seamlessly send their wards back to school.